Federal Reserve — News Archive

Two Important Events for Dollar Bulls to Watch During This Week

The US dollar has been in a consolidation mode in July, but this pattern may change as couple of important reports is scheduled for this week.

Greenback Drops as Traders Position Themselves Ahead of FOMC

Later this week, the Fed will meet to talk about interest rate policy. Forex traders are positioning themselves ahead of the meeting, and the greenback is losing ground as a result. A stronger dollar might be in the offing, however, as expectations for a rate increase during September increase.

Dollar Pulls Back on Tuesday

The US dollar pulled back today as the market sentiment improved, reducing the need for safety provided by the currency, and traders started to take profit from their long positions.

US Dollar Mixed in Quiet Trading, Remains Strongest in Three Months

The US dollar demonstrated mixed performance during Monday’s quiet trading but remained strong in general. The Dollar Index remained near the highest level in three months.

Another Week of Strength for US Dollar?

The US dollar has been rather strong lately, being the second best performer on the Forex market last week. Can the currency continue its amazing performance this week?

Aussie Regains Some Lost Ground After Earlier Plunge

Aussie is regaining some of the ground lost earlier after the announcement that the US Federal Reserve plans to raise rates before the end of the year. Commodity currencies were under pressure toward the end of the day yesterday, and the Australian dollar felt some of that.

Yellen’s Remarks Send US Dollar Higher

US dollar is heading higher today, thanks to remarks from Janet Yellen before Congress. She remains upbeat about the economy and suggests that an interest rate hike is coming before the end of the year.

Soft US Data Sends Greenback Lower

The latest retail sales data out of the United States is softer than expected, a reality that is sending the greenback lower against its major counterparts today. Expectations for a September interest rate hike are fading a bit, although many are still holding out for the release of the Fed’s Beige Book tomorrow.

Loonie Drops vs. Greenback, Gains on Euro & Yen

The Canadian dollar dropped against its US peer on Monday as the news about the Greek bailout deal did not prevent the greenback from rallying. The loonie was stronger against other currencies, including the euro and the Japanese yen.

Dollar Bounces in Thursday’s Trading

The US dollar bounced today following the yesterday’s drop even though economic data from the United States was not particularly supportive to the currency.

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