United States — News Archive

Dollar Retains Strength After Mixed Data

Thursday’s macroeconomic reports from the United States were mixed, but this did not prevent the US dollar from rising. The currency reached the highest level since May 27 against the euro and the strongest since June 24 versus the Japanese yen.

Yellen’s Remarks Send US Dollar Higher

US dollar is heading higher today, thanks to remarks from Janet Yellen before Congress. She remains upbeat about the economy and suggests that an interest rate hike is coming before the end of the year.

Soft US Data Sends Greenback Lower

The latest retail sales data out of the United States is softer than expected, a reality that is sending the greenback lower against its major counterparts today. Expectations for a September interest rate hike are fading a bit, although many are still holding out for the release of the Fed’s Beige Book tomorrow.

Loonie Drops vs. Greenback, Gains on Euro & Yen

The Canadian dollar dropped against its US peer on Monday as the news about the Greek bailout deal did not prevent the greenback from rallying. The loonie was stronger against other currencies, including the euro and the Japanese yen.

US Dollar Index Gains Ground as Traders Look Ahead to Data

US dollar index is gaining ground today as Forex traders look ahead to what are expected to be positive data releases later this week. Greenback is trading a little mixed against its major counterparts, moving down against the pound, but the dollar index is higher.

Dollar Bounces in Thursday’s Trading

The US dollar bounced today following the yesterday’s drop even though economic data from the United States was not particularly supportive to the currency.

Dollar Reverses Monday’s Moves

The US dollar reversed its yesterday’s moves during today’s cautious trading. The currency gained on the euro and surged against the Great Britain pound, falling versus the Japanese yen at the same time.

Growing Trade Deficit Doesn’t Slow Dollar Gains

A growing trade deficit for the United States hasn’t slowed dollar gains today, largely due to the fact that economic data is overshadowed by the Greek drama still being played out in the eurozone. With all eyes on the 19-nation currency region, and uncertainty over what’s next running high, the US dollar is mostly higher.

Dollar Has Limited Support from Safe-Haven Demand

The US dollar was not performing as well as one might have expected considering the prevalent safe-haven demand among investors. The possible reason for this may be that today’s economic data from the United States was a bit on the weak side.

Dollar Softens After Employment Reports Disappoint

The US dollar fell against the euro and erased its previous gains versus the Great Britain pound and the Japanese yen after poor US employment data led to speculations that the Federal Reserve may delay monetary tightening.

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