The US dollar index is heading lower today, dropping as better news arrives from Europe. As the situations in the United Kingdom and in the eurozone improve, and as US data misses expectations, the greenback is struggling.
February 14th, 2014 at 15:24
February 13th, 2014 at 14:02
Greenback is lower today, thanks to the latest economic news. Disappointments in the jobless claims report and in the latest retails sales data are weighing on the US dollar. There are also worries that the world’s most popular currency might be losing some of its appeal.
February 11th, 2014 at 14:47
Greenback is struggling today as it looks as though the Federal Reserve’s low-rate policy will remain in effect for some time. Janet Yellen’s testimony before Congress has many looking toward the future, and trying to figure out how the Fed’s tapering efforts will proceed.
The Great Britain pound was not performing particularly well this year, trading in a range, but with a downside bias. Last week, the currency started with a loss, but managed to bounce by the weekend, closing flat. This week may be very important in deciding the future of sterling.
February 10th, 2014 at 17:03
The Brazilian real dropped today as the decline of commodity prices damped demand for currencies of export oriented economies. Brazil’s fiscal problems were also affecting the real’s performance negatively.
February 10th, 2014 at 14:44
US dollar got a bit of a boost earlier today against its high beta counterparts, thanks to concerns about what’s next for the global economy. A lot of data misses last week have many concerned about what could be coming, and that means safe haven demand and a higher greenback. However, US dollar is falling a bit now.
February 03rd, 2014 at 10:02
The South Korean won dropped today as poor macroeconomic data from China and quantitative easing tapering from the Federal Reserve resulted in risk aversion that hurt currencies of emerging markets.
January 31st, 2014 at 14:41
The US dollar continues to strengthen today, in the fact of global uncertainty, and as the Federal Reserve continues tapering efforts. There is a lot helping the greenback right now, and it is little surprise that the dollar index is gaining ground today.
January 30th, 2014 at 23:36
The US dollar jumped today as traders digest the news about quantitative easing tapering by the Federal Reserve. Excessive monetary stimulus was detrimental for the dollar and its reduction helped the currency to gain.
January 30th, 2014 at 5:36
The US dollar rose today after the Federal Reserve performed quantitative easing tapering yesterday. Surprisingly, the Forex market did not react very strongly to the news and the dollars’ gains were not particularly big.