Federal Reserve — News Archive

Dollar Loses Ground as Consumer Confidence Turns Sour

Today, the US dollar was hurt by negative economic data yet again as the consumer confidence deteriorated unexpectedly this month. The greenback is attempting to hold against the Japanese yen but lost ground to other most-traded peers, including the euro and the Great Britain pound.

Dollar Shows Weakness Ahead of Fed Meeting

The US dollar is demonstrating weakness ahead of the Federal Reserve policy meeting. The greenback fell against many other currencies yesterday and remained flat today.

US Dollar Continues Its Slump

Greenback looks to be ready to close out this week lower, thanks to a raft of data and a bit of profit taking. Also weighing on the dollar is a sense of waiting. The Fed meets next week, and many Forex traders are waiting for the outcome of that meeting.

Dollar Index Slips as Forex Traders Reset

US dollar index is slipping today as forex traders reset their positions, and as the euro gains ground on the prospect that Greece might actually make it through 2015.

Dollar Under Pressure from Weak Economic Data

The US dollar was under pressure from poor macroeconomic indicators lately, and the Thursday’s session was not an exception. While not all of the reports were bad, most of them were not as good as market participants had expected, driving the greenback further down.

Dollar Regains Strength During Trading Week

Lately, the US was experiencing problems with keeping its upward momentum, but the greenback regained its strength during this week during which it was one of strongest currencies on the Forex market. The major reason for the strength was the minutes of the latest Federal Reserve’s policy minutes.

NZ Dollar Follows Aussie in Rally

Like its Australian counterpart, the New Zealand dollar rallied during the current trading session. There were no domestic fundamentals to support the New Zealand currency, but the general market sentiment was enough to lift it higher.

Australian Dollar Gets Boost from Fundamentals

The Australian dollar rallied today, getting a boost from favorable domestic macroeconomic data as well as from speculations that the Federal Reserve will postpone monetary tightening.

UK Pound Pulls Back After Yesterday’s M&A Fueled Surge

UK pound is pulling back today after its surging performance yesterday. News of a major energy merger helped the sterling yesterday, and today the currency is consolidating a bit as Forex traders consider the situation and focus on Fed minutes.

Euro Loses Ground, Knocked Out by Dollar

The euro lost its ground against the US dollar, as well as against other most-traded currencies, after the Federal Reserve released its policy minutes. The currency fell also as not all economic reports from the countries of the eurozone were favorable.

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