Canadian dollar continues to struggle, especially against the US dollar, thanks to falling stock prices and weak oil prices. There isn’t much to support the loonie, which only seems to be finding success against a weak euro.
August 17th, 2015 at 15:21
August 13th, 2015 at 15:22
The recent news of yuan devaluation took its toll on the greenback, but now the US dollar is coming back, thanks in part to helpful economic data.
August 10th, 2015 at 14:28
Oil prices are inching higher today, but they are still below $45 a barrel. Canadian dollar is mostly steady against its major counterparts. While the loonie is mostly lower, it isn’t making any big moves today.
August 04th, 2015 at 13:14
Right now, the euro is higher against the US dollar in Forex trading. However, the gains are relatively modest, and there is the possibility that the euro will sell off later this week if US data comes in strong. Expectations of a rate hike in the United States persist, and the euro is still struggling with the Greek crisis.
August 01st, 2015 at 8:44
The US dollar was mostly flat against its major-traded peers with the notable exception of the Great Britain pound that demonstrated a substantial rally against the greenback, erasing the previous week’s losses. There were two important events for the US currency during the week, and one turned to be supportive while the other one was not so much.
July 31st, 2015 at 15:44
The US dollar started the last trading session of this week on a strong footing but was unable to retain its strength to the end of trading. The currency is now broadly lower against other majors, falling more than 1 percent against the euro.
July 30th, 2015 at 16:00
The US dollar extended its yesterday’s rally today, rising against most of its major peers, even though US economic growth was somewhat disappointing last quarter. The Great Britain pound attempted to resist the dollar’s strength but was unable to keep gains.
July 29th, 2015 at 19:43
The Federal Reserve ended its two-day meeting today, making no changes to its monetary policy — a move that surprised no one. The US dollar rallied after the event even though the Fed’s policy statement could not be called particularly hawkish.
July 29th, 2015 at 12:55
Forex traders and others are getting ready for a policy announcement from the Federal Reserve later today. Once again, expectations are that the Fed will raise rates sometime this year, and there are officials that think that there is room for two rate hikes in 2015. With higher rates on the way, the dollar is gaining strength.
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.