Canadian dollar is struggling a bit right now, thanks in part to housing data. The possibility of Fed tapering is also weighing on the loonie, even though it has eked out very modest gains against the greenback after being down earlier.
Federal Reserve — News Archive
December 09th, 2013 at 16:56
December 09th, 2013 at 15:55
US dollar index remains soft right now as traders await retail sales data, expected to be released later this week. Traders are waiting to see if the US economic recovery is truly strong enough to support the idea of a taper from the Federal Reserve. For now, it’s mostly rangebound trading and a wait and see approach.
The Australian dollar was demonstrating weakness lately, though it was able to pare losses against the US dollar and the Japanese yen by the end of the last week. Does this mean that the currency is ready to reverse the downtrend? Not necessarily.
December 06th, 2013 at 13:53
Nonfarm payrolls pleasantly surprised dollar bulls as they demonstrated robust employment growth and added to speculations that the Federal Reserve will reduce monetary stimulus this month. Yet another surprise, this time not so pleasant, was the fact that the dollar did not manage to gain on the euro and the Great Britain pound, though it was able to jump versus the Japanese yen. Currently, though, it looks like […]
December 05th, 2013 at 16:11
US dollar is mixed against other majors today, looking for direction as economic data is released and policy decisions are made. There are a lot of questions about what’s next for the greenback, and many are waiting for further information.
December 05th, 2013 at 15:10
Euro is strengthening right now, gaining against its major counterparts on the latest ECB decision to stay the current course. There had been speculation that negative deposit rates were possible, but such an option has been put off for now, and the 17-nation currency is heading higher.
December 04th, 2013 at 23:35
The Japanese yen was rising today, getting help from speculations that the US Federal Reserve will reduce the scale of its asset purchases as early as this month. The currency has started to lose its gains, but stays above the opening level for now.
December 04th, 2013 at 16:42
US dollar is headed higher today, gaining ground as the latest ADP employment is released. With this positive news, there is an expectation that the Fed really will start tapering its asset purchases soon.
December 03rd, 2013 at 15:47
With volatility on the rise, many Forex traders are looking for a little safety. As a result, it’s not really surprising that the yen is heading higher. Yen is on the rise as traders and investors look for a little safe haven as they await the next round of economic data and interest rate decisions.
December 02nd, 2013 at 15:33
Once again, speculation about what’s next for the Federal Reserve is driving the US dollar in Forex trading. This time, it’s speculation that the Fed could actually begin tapering its asset purchases by the end of the year.