Federal Reserve — News Archive

US Dollar Sees Broad Gains After Earlier Selloff

US dollar is in the midst of a recovery after yesterday’s selloff. Right now, greenback appears to be correcting by logging gains following excessive selling. However, even with the current gains, a little caution is in order as we wait for the release of the minutes from the latest FOMC meeting, since many of the dollar’s potential gains might already be priced in.

US Dollar Consolidates After Wild End to the Week

The latest payrolls data out of the United States prompted a surge in the greenback, and right now the US dollar appears to be consolidating after its gains. Even though the dollar index is weaker today, there are many that expect more dollar strength to come.

Loonie Continues to Weaken Against the Greenback

The Canadian dollar continues to weaken against the greenback, thanks in large part to the recent difficulties with oil prices, and with commodity prices in general. The loonie is still maintaining its gains over the European currencies, though, mainly because of the relative strength of its economy.

US Dollar Strengthens on Uncertainty and Unrest

Greenback is heading higher again, thanks in large part to the uncertainty and unrest that continues to plague the world. Also helping the US dollar is the latest economic news, which is fueling speculation that interest rate hikes could come sooner rather than later.

Greenback Gains on Increased Policy Divergence

US dollar index is higher today, thanks in large part to the policy divergence that the greenback has with its counterparts. US dollar is gaining ground against other majors as expectations for higher rates provide support.

US Dollar Pauses for Breather

US dollar is lower today, losing ground against many of its major counterparts. The greenback is pausing for a breather right now, heading lower as Forex traders take profits and consider what could be next.

Malaysian Central Bank Keeps Rates on Hold, Ringgit Drops

The Malaysian ringgit fell today, heading to the biggest weekly drop since August, after the nation’s central bank refrained from changing its monetary policy and kept the benchmark Overnight Policy Rate unchanged.

US Economic Indicators Lead to Mixed Performance of USD

The US dollar consolidated against the euro today after dropping yesterday. The currency also sank versus the Great Britain pound at the previous trading session and continued to fall at the current session. The greenback extended its rally against the Japanese yen.

New Zealand Economic Growth Lifts NZD

The New Zealand dollar advanced today with the help of a positive report about nation’s economic growth. The kiwi managed to reverse earlier losses and rally versus its US counterpart but is far from erasing yesterday’s huge drop.

Dollar Rallies After Fed Meeting, Keeps Gains

The major event this week was the monetary policy meeting of the Federal Reserve that ended yesterday. While the Fed did not present clear timing for a start of monetary tightening and the tone of the statement was not much more hawkish than it has been before, the US dollar rallied nevertheless and continued to rise today.

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