The US dollar gained more than 1 percent against the basket of major currencies today, reaching the highest level in almost 8 years against the Japanese yen. Today’s economic data from the United States added to the upward momentum of the greenback.
May 23rd, 2015 at 21:05
The US dollar demonstrated very strong performance during the trading week, and it was a surprise considering all the bad data that has been released from the United States lately. Yet the greenback ended the week with big gains, mostly thanks to the Friday’s surge.
May 21st, 2015 at 22:07
The US dollar declined today as disappointing macroeconomic reports from the United States and the dovish stance of the Federal Reserve discouraged traders from buying the currency. The greenback was slowly regaining its footing against the euro but remained soft against other majors.
May 14th, 2015 at 10:37
US dollar is struggling today, thanks in large part to the poor retail sales data report for April. The report provides more evidence that the US economic recovery is losing steam, and that is leading to a greenback that is mostly lower in Forex trading.
May 08th, 2015 at 12:29
US dollar index is higher today as traders wait for the release of the nonfarm payrolls report from April. Dollar is mixed against individual currencies.
May 06th, 2015 at 10:50
US dollar continues to struggle today, thanks to yesterday’s release of disappointing trade data. Economic reports are dampening hopes for an interest rate hike from the Federal Reserve, and that is weighing on the greenback in Forex trading.
April 30th, 2015 at 3:05
The US dollar was hurt yesterday by a report that showed the US economy almost grinding to a halt. The currency relieved some of its wounds after the Federal Reserve released its policy statement that was relatively optimistic. Today, the dollar stays flat as traders digest the news.
April 29th, 2015 at 10:59
Canadian dollar is weaker today, following yesterday’s somewhat surprising surge. There are some factors supporting the loonie in the short to medium term, so the currency might get another chance later.
April 29th, 2015 at 10:36
Euro is struggling against its major counterparts today as Forex traders wait for news out of the United States. Many are waiting to see what the Federal Reserve will announce about policy going forward, as well as weighing recent events in the eurozone.
April 28th, 2015 at 17:52
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.