Federal Reserve — News Archive

Dollar Settles Higher After Impressive NFP

The US dollar jumped to settle higher against the majority of other most-traded currencies due to overwhelmingly positive non-farm payrolls. While most analysts were optimistic about US employment, even they could not anticipate such impressive growth.

US Dollar Index Continues to Climb

The US dollar index continues to climb, heading higher as better economic news remains the dominant storyline for the greenback. The latest economic news and forecast released by the Federal Reserve indicates a number of positive changes, and that is good for the US dollar as it moves against its counterparts.

Yen Falls Below 120 per Dollar First Time Since 2007

The Japanese yen fell today against other most-traded counterparts. The currency fell yesterday below the 120 per dollar level for the first time since July 2007. The yen also touched the lowest level since October 2008 versus the Great Britain pound.

US Economic Indicators Remain Beneficial for Dollar

The US dollar gained against nearly all its major counterparts as US macroeconomic indicators continue to be beneficial for the currency. The Great Britain pound was among the few currencies that held ground against the greenback.

Outlook for Euro: Bears Wait for Downtrend Resumption

The euro has been performing decently for the most part of the last week but ended the week on a sour note after comments from the central bank. Can the currency recover or will it drop to new lows? That is the question many Forex market participants are looking an answer for.

NZD Fails to Rally vs. USD, Keeps Gains vs. JPY

The New Zealand dollar attempted to rally against its US counterpart but failed and trades below the opening level right now. At the same time, the currency managed to maintain gains versus the Japanese yen.

Canadian Inflation Pushes Loonie to New Highs

The Canadian dollar rose today, touching the highest level in a month against its US counterpart, as Canada’s inflation exceeded expectations. The currency also rallied to the strongest level in a year versus the euro and reached a new multi-year high against the Japanese yen.

US Dollar Slightly Lower, But Firm

Even though the US dollar is slightly lower against some of its major counterparts, it is still quite firm today. Many Forex traders are waiting for the release of the minutes from the latest Fed meeting to get an idea of what could be next.

US Dollar Pulls Back, Consolidating After Recent Rally

US dollar is pulling back, consolidating after its recent rally. With Fed minutes due to be released tomorrow, and interest in what they will show high, many Forex traders are repositioning themselves.

Euro Loses Ground on Policy Expectations

Euro is losing some ground on policy expectations today. Many expect that the eurozone will continue to struggle for a while, and that is putting the euro at a disadvantage against its other major counterparts.

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