Even though the US dollar is edging higher against some of its major counterparts, the dollar index remains a little bit lower for now. There isn’t a lot of interest in the markets right now, with many waiting to see how retailers fare during the American shopping tradition known as Black Friday.
November 27th, 2013 at 16:35
The latest economic data out of the United States is somewhat soft, and that is weighing on the greenback today, limiting its progress. The dollar is lower against its European counterparts, and paring some of its gains against other currencies.
November 26th, 2013 at 15:38
Canadian dollar is lower today, struggling as oil fluctuations cause difficulty. Oil is slightly higher right now, but earlier there were losses and a certain amount of see-sawing after the nuclear deal was reached with Iran. For now, the loonie is just mostly lower against its major counterparts.
The US dollar demonstrated mixed performance in the previous week. Analysts think that the same may happen this week too.
November 25th, 2013 at 16:40
The latest housing data in the United Kingdom sees home prices heading a little bit higher. However, there are worries that housing prices could be heading into bubble, and that is weighing on the pound a bit. Additionally, there might be some correction in the works, since the pound has performed quite well over the past six months.
November 23rd, 2013 at 17:31
The US dollar rallied against the Japanese yen and commodity currencies this week, but was unable to beat the euro and the Great Britain pound. Speculations about quantitative easing tampering in December (Dectaper) were helping the currency.
November 21st, 2013 at 21:45
The US dollar weakened against the euro and the Great Britain pound today after yesterday’ rally. At the same time, the currency managed to reverse yesterday’s drop versus the Japanese yen.
November 20th, 2013 at 14:22
US dollar is struggling today, with the dollar index falling on projected weakness. Remarks from the Federal Reserve, as well as the latest moves by China, are weighing on the greenback today.
US dollar struggles as it become clear that the Federal Reserve is reluctant to taper. Plus, demand for riskier assets is reducing the interest in the greenback today.
November 18th, 2013 at 15:45
Euro is heading higher today, making progress as risk appetite improves. With traders looking for higher yields, the euro is getting a little help, even after the recent rate cut from the ECB. Good news out of China, plus the reluctance of the Federal Reserve to slow its stimulus efforts.