As was expected, the Federal Reserve dropped the phrase ‘patience’ from its statement, and that should have been a bullish event for the US dollar. Yet in reality the currency tumbled after the announcement. What are possible reasons for such behavior?
March 18th, 2015 at 13:34
Canadian dollar is continuing its fall against the greenback today, heading lower than it’s been in years as Forex traders look forward to today’s Federal Reserve announcement. It’s also not helping matters that oil prices continue to fall.
March 18th, 2015 at 11:09
The US dollar index is lower today, while the US dollar trades mixed against its major counterparts. In a lot of ways, the dollar is “wait and see” mode as Forex traders and others await the latest Federal Reserve decision and statement.
March 17th, 2015 at 11:05
Euro is receiving near-term support today, thanks in part to yesterday’s stock market surge. However, even though the 19-nation currency is higher right now, the gains are expected to be short-lived as the ECB’s monetary policy continues to diverge from that of the Federal Reserve.
March 16th, 2015 at 10:33
Euro is rebounding against its major counterparts today, heading higher after last week’s debacle. Thanks to some comments by a member of the ECB Governing Council, the euro is seeing some strength today. It may not last, however.
March 13th, 2015 at 21:05
The euro tumbled across the board today as the risk-negative market sentiment added to the downside pressure that the currency was already experiencing. The euro dropped to the lowest level in 11 years against the US dollar and the lowest in 9 years versus the Great Britain pound.
March 13th, 2015 at 10:39
US dollar has resumed its rally, heading higher again after yesterday’s breather. Greenback is once again up against its major counterparts, gaining ground as rumors about a Fed rate increase swirl.
March 12th, 2015 at 10:50
Euro is a little higher against its major counterparts today, taking a breather after a major slide this week. Indeed, things seem to be calming down this week following dramatic performances from both the euro and the US dollar.
March 11th, 2015 at 22:55
The euro plunged to new multi-year lows against its major rivals as negative factors persisted, driving the shared 19-nation currency down. This is not necessary bad for the eurozone as the weaker currency helps European exporters.
March 11th, 2015 at 11:02
Canadian dollar is trading mixed today, gaining against the major European currencies, but heading lower against the US dollar.