United States — News Archive

Dollar Poised for Correction?

The US dollar was demonstrating amazing performance lately, rising to multi-year highs against many majors. But can the currency keep its upward momentum?

US Dollar Moderates a Bit

Greenback is consolidating ahead of today’s US nonfarm payrolls data for October. Dollar index is a little bit lower right now, and the euro has made a few gains following its steep losses yesterday.

US Dollar Settles Down

US dollar is settling down a little bit after yesterday’s surge. Right now, it’s a bit about profit taking as Forex traders gear up for the next round of economic data, and contemplate the future of the eurozone.

Loonie Drops Against Greenback as Oil Prices Continue to Fall

Loonie is once again heading lower against the greenback, thanks in large part to oil prices. Even though the Canadian dollar is struggling against its US counterpart, though, it is gaining ground against European currencies. Concerns about what’s next in Europe, especially with sluggish Chinese data and policy statements coming tomorrow, are weighing on currencies across the pond.

US Dollar Surges Following US Midterm Elections

US dollar is surging right now, heading higher against its major counterparts, following the US midterm elections. Comparisons between the United States and its European counterparts are mostly about differences in economic directions, and many feel that the latest election results will mean fewer legislative restrictions for business, and that will boost the US economy.

US Dollar Falls Back, Consolidating Against Major Currencies

US dollar is a little big lower today, falling back after rallying earlier. Right now, the greenback is consolidating, and Forex traders are taking profits. However, there is a good chance that the US dollar will remain relatively strong overall.

Massive Gains of Dollar After Fed & BoJ Monetary Decisions

The US dollar demonstrated a massive rally this week thanks to the monetary policy decision from the Federal Reserve and the Bank of Japan. Positive macroeconomic reports also played their part in the performance of the greenback.

Dollar Extends Rally on Positive GDP & Jobless Claims Data

The US dollar extended yesterday’s rally today as positive economic data from the United States fueled talks about a possibility of an early interest rate hike from the Federal Reserve.

Canadian Dollar Trades Mixed Against Major Counterparts

Canadian dollar is trading mixed today, thanks to the latest comments from central bankers. Information from the Federal Reserve, as well as testimony from the Bank of Canada’s Stephen Poloz, are contributing to the loonie’s losses to the US dollar.

FOMC Announces End to QE3, Dollar on the Rise

The US dollar jumped against other most-traded currencies today after the Federal Open Market Committee ended the third round of quantitative easing and issued rather hawkish statement after the decision.

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