United States — News Archive

Loonie Continues to Fall Against Greenback as Markets Drop and Oil Falls

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.

US Dollar Index Recovers After Recent Selloff

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.

Canadian Dollar Mostly Steady Today

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.

Preparing for a Potential Euro Selloff

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.

Dollar Flat After Week of Mixed Fundamentals

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.

Dollar Loses Strength in Friday’s Trading

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.

US Dollar Continues Move Upward

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.

Dollar Climbs After Fed Concludes Two-Day Policy Meeting

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.

US Dollar Index Inches Higher Ahead of Today’s Fed Announcement

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.

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.

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