United States — News Archive

Outlook for USD During Week of NFP & Independence Day

The US dollar experienced a very poor trading month in June due to unexpected dovishness of US policy makers and terrible GDP report. Can the greenback change the bearish trend in the first trading week of the new month?

Terrible US Economic Data Leads to Another Weekly Drop of USD

The US dollar continued to experience weakness, demonstrating the second consecutive weekly drop versus the euro and the fourth against the Great Britain pound and the New Zealand dollar. The major reason for this weekly decline was poor economic data from the United States.

Euro Continues to See Modest Gains

Even though confidence measures show a decline, the euro continues to see modest gains against some of its major counterparts. The world situation continues to support the safety of the yen, but the euro is higher against the dollar and the pound today.

Greenback Gains Ground Against Euro After Jobless Claims

US dollar is up against the euro today, gaining ground after the jobless claims report. While the report missed expectations by a little bit, the general trend is still toward economic recovery, and the rising dollar index reflects that today.

Taiwan Dollar Profits from US Economic Woes

The Taiwan dollar rose today, joining the rally of other riskier currencies, amid speculations that signs of faltering economic recovery in the United States will force the Federal Reserve to keep interest rates low for a longer period of time than was previously thought.

NZD/USD Near Record as Traders Flee Greenback

The New Zealand dollar advanced today, trading near the all-time high against its US counterpart, after yesterday’s poor macroeconomic data from the United States triggered flight of traders from the greenback to other currencies.

Dollar Demonstrates Weakness After GDP Report

The US dollar fell yesterday against its major peers on signs that economic recovery in the United States is faltering. The currency extended its decline versus the Japanese yen today but stayed flat versus the euro and the Great Britain pound.

How Long Can the Euro Stay on Top?

Questions about how long the euro can remain on top in Forex trading are being raised today as the 18-nation currency continues to hold its own against some of its major counterparts. While the euro is down against the yen, it is higher against the dollar and the pound.

Dollar Higher on New Home Sales & Consumer Confidence

The dollar is broadly higher against other most-traded currencies today after positive reports about new home sales and consumer confidence allowed the currency to rise, erasing previous losses versus the euro.

UK Pound Slips Against US Dollar

UK pound has slipped against the US dollar, even after a stronger week that saw sterling reach highs not seen in five years. Since the end of a strong week, the pound is down against the dollar to start a new week. It is also down against the yen, and even slightly lower against the euro.

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