Federal Reserve — News Archive

Loonie Struggles After Scotiabank Forecast

Canadian dollar has been struggling recently in Forex trading, and the latest forecast from Scotiabank isn’t helping matters. With predictions for a weak loonie through 2017, the currency is once again heading lower.

Euro Clings to Recent Gains on European Commission Forecasts

Euro is clinging to some earlier gains — but only just. With the ECB due to make a policy announcement and the European Commission making forecasts that expect to see slower growth, many expect the 19-nation currency to slip more against the US dollar.

Dollar Soars After Yellen Talks About Possibility of December Rate Hike

The US dollar jumped on Wednesday and retained it gains today after Federal Reserve Chairwoman Janet Yellen confirmed the possibility of an interest rate hike in December. US economic data was also supportive for the greenback.

Optimism for US Economic News Boosts Dollar

US dollar is getting a little bit of help today, thanks to some optimism about what might be next for the economy.

Dollar Retreats as Data Doesn’t Support Fed Hike Outlook

The US dollar dropped against other major currencies today following yesterday’s economic data. Today’s US economic data, including the GDP report, played its part in the currency’s decline.

NZ Dollar Falls After RBNZ & Fed

The New Zealand dollar fell today following the monetary policy announcement from the Reserve Bank of New Zealand made by the end of the Wednesday’s trading session. Of course, the policy announcement from the US Federal Reserve has also played its part in the currency’s decline.

US Dollar Soars as December Hike Remains Possible

The US dollar surged against other most-traded currencies on Wednesday after the Federal Reserve mentioned that a December rate hike remains in the cards. Unsurprisingly, the announcement made a tremendous impact on the market.

US Dollar Index Moves Higher, But Remains Rangebound

US dollar index is moving higher, but it remains rangebound today ahead of tomorrow’s Federal Reserve announcement. After dipping lower in earlier trading, the dollar index is gaining ground, and the US dollar has regained the upper hand against the euro.

Euro Mostly Steady in Forex Trading

Euro is mostly steady today in Forex trading, as many currencies await tomorrow’s policy announcement from the Federal Reserve. Without major data releases for the eurozone today, it’s more about waiting and seeing what’s next with US policy.

US Dollar Index Extends Rally and Erases October Losses

US dollar index is extending its recent rally, and between yesterday and today has erased its earlier losses in October. Thanks to expectations for a Federal Reserve rate hike sometime in late 2015 or early 2016, plus policy divergence expectations, the greenback is surging against its major counterparts.



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