United States — News Archive

US Dollar Strengthens on Likely Policy Divergence

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.

Dollar Among Biggest Losers During Trading Week

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.

Dollar’s Down Move Regains Momentum

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.

Retail Sales Weigh on the US Dollar

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.

New Zealand Dollar Rallies After Poor US Data

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.

US Dollar Consolidates as Forex Traders Look for Direction

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.

US Dollar Index Gains as Traders Await Jobs Report

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.

Euro Continues Run in Forex Trading

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.

US Dollar Continues to Struggle After Disappointing Trade Data

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.

Dollar Stays Flat After Turbulent Trading

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.

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