United States — News Archive

US Dollar Ends Week with Huge Gains After Non-Farm Payrolls

The US dollar soared during this week, climbing more than 2 percent against its major counterparts, thanks to the impressive non-farm payrolls. The positive employment data fueled expectations of a December interest rate hike from the Federal Reserve.

Dollar Soars After NFP, Market Readies for December Hike

The US dollar surged 1.5 percent versus the euro and soared against other major currencies as well today after the release of very strong non-farm payrolls. Now, the market is pricing in a December rate hike that looks very probable.

Dollar Soars After Yellen Talks About Possibility of December Rate Hike

The US dollar jumped on Wednesday and retained it gains today after Federal Reserve Chairwoman Janet Yellen confirmed the possibility of an interest rate hike in December. US economic data was also supportive for the greenback.

Optimism for US Economic News Boosts Dollar

US dollar is getting a little bit of help today, thanks to some optimism about what might be next for the economy.

Is a Freely Traded Chinese Yuan on the Way?

According to Chinese leaders, the time has come for a freely traded Chinese yuan. An announcement made today indicates that the Chinese are ready to let the yuan trade freely by 2020.

US Dollar Ends Friday Lower

The US dollar ended trading lower across the board as economic data released from the United States on Friday did not provide incentive for the Federal Reserve to start monetary tightening soon.

Dollar Retreats as Data Doesn’t Support Fed Hike Outlook

The US dollar dropped against other major currencies today following yesterday’s economic data. Today’s US economic data, including the GDP report, played its part in the currency’s decline.

US Dollar Soars as December Hike Remains Possible

The US dollar surged against other most-traded currencies on Wednesday after the Federal Reserve mentioned that a December rate hike remains in the cards. Unsurprisingly, the announcement made a tremendous impact on the market.

Loonie Continues to Fall in Tandem with Crude Oil

The Canadian dollar slumped on Tuesday as prices for crude oil continued to struggle. Economic data from Canada’s neighbor, the United States, also was not helping the currency much.

US Dollar Index Moves Higher, But Remains Rangebound

US dollar index is moving higher, but it remains rangebound today ahead of tomorrow’s Federal Reserve announcement. After dipping lower in earlier trading, the dollar index is gaining ground, and the US dollar has regained the upper hand against the euro.



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