Federal Reserve — News Archive

New Zealand Economic Growth Lifts NZD

The New Zealand dollar advanced today with the help of a positive report about nation’s economic growth. The kiwi managed to reverse earlier losses and rally versus its US counterpart but is far from erasing yesterday’s huge drop.

Dollar Rallies After Fed Meeting, Keeps Gains

The major event this week was the monetary policy meeting of the Federal Reserve that ended yesterday. While the Fed did not present clear timing for a start of monetary tightening and the tone of the statement was not much more hawkish than it has been before, the US dollar rallied nevertheless and continued to rise today.

Dollar Consolidating Ahead of FOMC

The US dollar is consolidating right now, moving slightly lower ahead of today’s expected Federal Reserve announcement.

Canadian Dollar Keeps Huge Gains

The Canadian dollar was little changed today following yesterday’s big jump. The rally was caused by both domestic fundamentals and developments on the global markets that were largely beneficial for the loonie.

Brazilian Real Strengthens Ahead of Election Month

The Brazilian real rose today as investors wait for an outcome of the presidential elections that will occur next month and a monetary policy decision of the Federal Reserve that will be announced tomorrow.

Dollar Backs Off After Mixed Data

The US dollar backed off today against its major peers, but the losses for the most part were not as big as yesterday’s gains. As an exception, the greenback closed flat versus the Japanese yen on Monday and sank today.

Dollar Retains Strength Ahead of FOMC Week

The US dollar demonstrated somewhat mixed performance this week but retained its strength for the most part. Many market analysts consider this as a sign that traders are strongly convinced in inevitability of an interest rate hike from the Federal Reserve.

Interest Rate Hike Bets Continue to Support Dollar

The US dollar continued to move upward with the help of speculations about an eventual increase of interest rates by the Federal Reserve. The greenback reached the strongest rate in six years versus the Japanese yen. Surprisingly enough, the currency dipped versus the Great Britain pound, which was unexpectedly strong at today’s trading session.

Canadian Dollar Bounces, Rises for Third Session vs. Yen

The Canadian dollar bounced today, trimming yesterday’s losses versus its US peer and the euro. The currency also extended its rally versus the Japanese yen for a third straight session.

US Dollar Index Holds to Gains

US dollar index is holding on to some of its earlier gains, even though the greenback isn’t as high against its major counterparts as earlier. Most of the dollar’s strength is coming from other currencies’ weaknesses right now.

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