Canadian dollar is declining against the US dollar for the third day in a row as the Federal Reserve begins its two-day meeting. The expectation that the Fed could begin reducing its asset purchases is lending strength to the greenback against the loonie.
United States — News Archive
June 17th, 2013 at 16:54
US dollar is gaining ground today as speculation about the upcoming Federal Reserve meeting runs rampant. For now, the greenback is higher against most of its major counterparts on the speculation that Ben Bernanke will provide a clearer idea of when the ”taper” will begin.
June 17th, 2013 at 16:23
Earlier today, a member of the European Council proclaimed the euro “safe” and the eurozone economy on the road to recovery. Euro is a little lower against the dollar following this announcement, but this probably has more to do with profit taking after a recent run by the 17-nation currency.
June 13th, 2013 at 20:27
The Canadian dollar rallied today as positive macroeconomic data from the United States improved prospects for Canadian exports, increasing the appeal of the nation’s assets. The currency remained below the opening level against the Japanese yen and dropped versus the Australian dollar.
June 13th, 2013 at 13:19
Positive economic data is helping the US dollar today. Forex traders can compare the situation in the eurozone with that in the United States, and see a contrast. As a result, the greenback is getting a little help today.
June 12th, 2013 at 18:01
The US dollar fell today as Forex market participants continued to anticipate that the Federal Reserve will tamper its stimulus program amid signs of recovery.
June 11th, 2013 at 15:14
Between the prospect of continued easing in the United States, and the bond yield shock this morning, the US dollar is struggling today. The dollar index is lower as the greenback loses ground to its major counterparts.
June 11th, 2013 at 14:49
Euro is trading mixed today as focus shifts from Asia to the eurozone, specifically Germany. There are a couple of key arguments coming before German courts, regarding ECB measures to shore up ailing eurozone countries, and many are interested to see how things are likely to play out.
June 10th, 2013 at 13:21
US dollar index is higher today. As the week begins, greenback is showing some strength, although it is lower against some individual currencies, like the euro.
June 08th, 2013 at 11:57
The euro had a stellar week against the US and Australian dollars, but performance against some other currencies, including the Great Britain pound and the Japanese yen, was less impressive.