US dollar is heading higher today, strengthening on likely policy divergence with European currencies. Greenback is gaining support as economic data in other regions sour and as commodities fall back.
May 16th, 2015 at 15:48
The US dollar was one of the weakest currencies on the Forex market during the past trading week, competing with the New Zealand dollar and the Japanese yen for the place of the biggest loser. Meanwhile, the euro and the Great Britain pound were the two strongest currencies.
May 14th, 2015 at 19:42
While the US dollar has been going to new lows during the Thursday’s trading session, it looked like the downward move is running out of steam, allowing the currency to trim some of its losses. Yet currently the greenback resumed its move down.
May 14th, 2015 at 10:37
US dollar is struggling today, thanks in large part to the poor retail sales data report for April. The report provides more evidence that the US economic recovery is losing steam, and that is leading to a greenback that is mostly lower in Forex trading.
May 13th, 2015 at 13:54
The New Zealand dollar rallied today on the back of the US dollar’s weakness even though news from the South Pacific nation itself was rather detrimental to the kiwi.
May 12th, 2015 at 10:25
US dollar is mostly lower today as it consolidates and traders look for direction. With commodities higher and the dollar index lower, it appears that Forex traders are positioning themselves for what might be next.
May 08th, 2015 at 12:29
US dollar index is higher today as traders wait for the release of the nonfarm payrolls report from April. Dollar is mixed against individual currencies.
May 07th, 2015 at 10:37
Euro has been enjoying a run of relative strength in recent days, and today is no different. Evidence that maybe the ECB didn’t need to be quite so aggressive with quantitative easing, as well as better feelings about the Greece situation, have been supporting the 19-nation currency.
May 06th, 2015 at 10:50
US dollar continues to struggle today, thanks to yesterday’s release of disappointing trade data. Economic reports are dampening hopes for an interest rate hike from the Federal Reserve, and that is weighing on the greenback in Forex trading.
April 30th, 2015 at 3:05
The US dollar was hurt yesterday by a report that showed the US economy almost grinding to a halt. The currency relieved some of its wounds after the Federal Reserve released its policy statement that was relatively optimistic. Today, the dollar stays flat as traders digest the news.