United States — News Archive

US Dollar Index Gains Mostly Due to Policy Divergence

US dollar index is heading higher today, gaining ground as policy divergence becomes more of an issue, especially with the euro. Since the euro is the currency with the heaviest weight in the dollar index basket of currencies, it’s no surprise that the index is doing well.

Canadian Dollar Makes Up Some Lost Ground

Canadian dollar is making up some lost ground today, gaining against the US dollar. After disappointing data at the end of last week, the loonie headed lower, but today the Canadian currency is making something of a turnaround. Many Forex traders are looking forward to the interest rate announcement expected from the Bank of Canada on Wednesday.

Risk Aversion Counters Negative Impact of FOMC Comments on USD

It looked like members of the Federal Open Market Committee would make this week very bad for the US dollar by their dovish comments. Yet the currency was rescued by risk aversion that followed news about problems of a major Portugal’s bank. This did not help the greenback to outperform the Japanese yen but allowed the US currency to erase losses versus the euro and to gain on several other currencies, including the Great […]

US Dollar Retains Upper Hand Against European Counterparts

US dollar is retaining its upper hand against counterparts today as the good news about initial jobless claims offers speculation that an improving jobs situation could lead to an interest rate hike. Even though the latest Fed minutes don’t support the idea of rate hikes anytime soon, there are still many who hope for better outcomes for the greenback.

Dollar Slips as Fed Downplays Optimism

The US dollar slipped against some of its major peers today, including the euro and the Great Britain pound, and trimmed its gains versus the Japanese yen. The greenback was weakened by the Federal Reserve meeting minutes, which suggested that investors should not take economic recovery for granted.

For Second Session Dollar Fails to Rally

The US dollar yet again attempted to rally and yet again it failed. Even another better-than-expected employment report was not able to boost the currency, which erased its earlier gains versus the euro and the Great Britain pound and fell versus the Japanese yen today.

Euro Drops Below 1.3600 Level Against US Dollar

Euro has dropped below the 1.3600 level against the US dollar, and is down against other major currencies as well. There is a bit of risk aversion on the Forex market today, as well as speculation that the ECB will have to take further action on stimulus if the euro’s strength remains where it is.

Dollar Attempts to Extend Rally, Fails

The US dollar attempted to extend the previous week’s rally against the euro today and was successful at the start of the trading session, but reversed its advance later and trades below the opening level as of now. The greenback also fell versus the Japanese yen but rose against the Great Britain pound.

Week of Gains for USD After Non-Farm Payrolls

The US dollar gained ground this week, following last week’s losses, with help of domestic macroeconomic indicators, most important of which were non-farm payrolls. At the same time, the performance of the greenback was not as stellar as one might expect considering the circumstances.

Economic Data Helps Pound Against Euro

The pound may be retreating a bit against some of its counterparts, but sterling is seeing solid support against the euro today. Thanks to the latest round of economic data, pound is gaining against the euro, even though it is down against currencies like the yen and the dollar.

Archives

SUBSCRIBE

Follow Top Forex News on Twitter T