Federal Reserve — News Archive

Growing Trade Deficit Doesn’t Slow Dollar Gains

A growing trade deficit for the United States hasn’t slowed dollar gains today, largely due to the fact that economic data is overshadowed by the Greek drama still being played out in the eurozone. With all eyes on the 19-nation currency region, and uncertainty over what’s next running high, the US dollar is mostly higher.

Dollar Softens After Employment Reports Disappoint

The US dollar fell against the euro and erased its previous gains versus the Great Britain pound and the Japanese yen after poor US employment data led to speculations that the Federal Reserve may delay monetary tightening.

Dollar Dips During Week of FOMC Decision

The US dollar dipped during the past trading week, demonstrating especially big losses versus the Great Britain pound. Two themes dominated the Forex market over the week: one being bullish for the greenback, another was bearish.

Economic Data Helps US Dollar Recover from Dovish Fed

Positive economic data out of the United States helping the US dollar move higher today, recovering from the dovish stance adopted by the Federal Reserve at the end of its two-day meeting earlier this week. Greenback is higher against its major counterparts and the dollar index is gaining as well.

Dollar Down After Fed Releases Dovish Statement

The Federal Reserve released its monetary policy statement today and it was not positive for the dollar at all, being considered by the markets as a dovish one. The greenback extended its losses against the euro and the Great Britain pound while the US currency pared its earlier gains against the Japanese yen.

US Dollar Pulls Back as Traders Await Fed Announcement

US dollar is pulling back today, heading a little bit lower as Forex traders wait for the Federal Reserve’s announcement about what’s next for the greenback.

US Dollar Gains as Traders Await Federal Reserve Meeting

US dollar is heading higher today as traders look forward to the coming two-day meeting of Fed policymakers. Greenback is also getting some support from worries about what’s next for Greece.

US Dollar Demonstrates Softness Ahead of Important Week

The US dollar showed rather weak performance during the past trading week even as economic fundamentals should have been supportive for the currency. Now traders wait for the next week that may determine the future of the currency in the near term.

US Dollar Lower on Profit Taking; Dollar Index Still Higher

US dollar is falling in some of its currency pairs today as profit taking after the surge at the end of the week sets in. Dollar index is still managing to remain higher, however.

Stellar Non-Farm Payrolls Lead to Rally of US Dollar

The US dollar rallied against the basket of major currencies today after the stellar non-farm payrolls that have exceeded even optimistic forecasts. The currency gained more than 1 percent and climbed to the highest level in almost 13 years against the Japanese yen.



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