The US dollar slipped against some of its major peers today, including the euro and the Great Britain pound, and trimmed its gains versus the Japanese yen. The greenback was weakened by the Federal Reserve meeting minutes, which suggested that investors should not take economic recovery for granted.
July 07th, 2014 at 19:03
The US dollar attempted to extend the previous week’s rally against the euro today and was successful at the start of the trading session, but reversed its advance later and trades below the opening level as of now. The greenback also fell versus the Japanese yen but rose against the Great Britain pound.
July 03rd, 2014 at 14:03
US dollar is heading higher today, gaining ground, thanks to a jobs boom for the month of June. The latest nonfarm payrolls report from the US government shows expansion, as well as a drop in unemployment. The good news is pushing the dollar higher on expectations that the Federal Reserve will soon have to end easing sooner rather than later.
July 02nd, 2014 at 12:53
The latest jobs report from the private sector indicates that the economy ramped up in terms of hiring during the month of June. This news is providing a boost to the economy, as well as providing a basis for speculation that the Federal Reserve will have to accelerate its tightening schedule soon. This expectation is providing a boost to the US dollar.
June 26th, 2014 at 11:43
The Taiwan dollar rose today, joining the rally of other riskier currencies, amid speculations that signs of faltering economic recovery in the United States will force the Federal Reserve to keep interest rates low for a longer period of time than was previously thought.
June 26th, 2014 at 11:19
The New Zealand dollar advanced today, trading near the all-time high against its US counterpart, after yesterday’s poor macroeconomic data from the United States triggered flight of traders from the greenback to other currencies.
UK pound has slipped against the US dollar, even after a stronger week that saw sterling reach highs not seen in five years. Since the end of a strong week, the pound is down against the dollar to start a new week. It is also down against the yen, and even slightly lower against the euro.
June 21st, 2014 at 15:42
The main focus this week was the monetary policy meeting of the Federal Reserve. It indeed had a noticeable impact on the Forex market but not necessarily in a way that most market participants have expected.
June 20th, 2014 at 12:34
US dollar is mostly higher today, gaining ground in the wake of losses following Wednesday’s Federal Reserve announcement. The greenback has recovered some of its losses, particularly against the euro, which it has sent back below the 1.3600 mark.
June 19th, 2014 at 14:15
Euro is gaining ground today, due in large part to the dovish sentiment coming out of the US Federal Reserve. Concerns that the Fed would announce interest rate increases sooner rather than later, along with worries about the eurozone economy, had been weighing on the 18-nation currency.