Federal Reserve — News Archive

US Dollar Remains Soft

The US dollar extended its weakness today following yesterday’s minutes of the Federal Reserve’s latest policy meeting. Economic reports from the United States were mixed today, but traders preferred to pay attention to the negative part of the data.

Dollar Weaker After Fed Minutes

The US dollar dropped yesterday after the release of the Federal Reserve policy minutes and continued to move lower today (though not against all major rivals). The report sent a confusing message to the markets, but most market participants considered it to be dovish.

Dollar Keeps Gains of Week’s First Trading Session

The US dollar performed rather well during the first session of the current trading week, undeterred by some negative economic reports from the United States. The currency kept yesterday’s gains today.

US Dollar Index Recovers After Recent Selloff

The recent news of yuan devaluation took its toll on the greenback, but now the US dollar is coming back, thanks in part to helpful economic data.

Dollar Flat After Week of Mixed Fundamentals

The US dollar was mostly flat against its major-traded peers with the notable exception of the Great Britain pound that demonstrated a substantial rally against the greenback, erasing the previous week’s losses. There were two important events for the US currency during the week, and one turned to be supportive while the other one was not so much.

Australian Dollar Declines

The Australian dollar declined today even though domestic fundamentals were not particularly bad. The most likely reason for the currency’s poor performance is the outlook for monetary tightening from the Federal Reserve that drives most currencies down.

Euro Drops as IMF Will Not Provide Aid for Greece

The euro was in rout today after a report that the International Monetary Fund will not participate in the third round of the bailout for Greece. Prospects for monetary tightening in the United States put additional pressure on the euro, as well as on other currencies.

US Dollar Continues Move Upward

The US dollar extended its yesterday’s rally today, rising against most of its major peers, even though US economic growth was somewhat disappointing last quarter. The Great Britain pound attempted to resist the dollar’s strength but was unable to keep gains.

Australian Dollar Attempts to Defy Adverse Fundamentals

The Australian dollar attempted to rally today, defying adverse fundamentals, but the rally has been limited so far. In fact, the currency retreated to the opening level against its US peer, though managed to keep gains versus the Japanese yen.

NZ Dollar Moves Down After Domestic Data & Fed Statement

The New Zealand dollar fell today, driven down both by domestic macroeconomic data and by the monetary policy statement of the Federal Reserve. The currency was moving down for the past two days, but the drop was not enough to erase the huge Tuesday’s rally.

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