One of the things supporting the US dollar in recent months has been the expectation that a rate hike from the Federal Reserve is just around the corner. With the rate hike likely being pushed back, and with commodities gaining ground, the US dollar is dropping.
March 21st, 2015 at 12:23
The US dollar ended the week as the biggest loser on the Forex market. This followed the long stretch of weekly gains. For example, the greenback was rising for four straight weeks against the euro and the Japanese yen. Yet markets usually do not move in one direction for long, and the continued rally ended at last.
March 20th, 2015 at 20:08
The US dollar was broadly lower during the Friday’s trading session as the positive market sentiment was encouraging traders to take risk and buy assets that are offering higher yield, making the safety of the US currency less appealing.
March 18th, 2015 at 19:54
As was expected, the Federal Reserve dropped the phrase ‘patience’ from its statement, and that should have been a bullish event for the US dollar. Yet in reality the currency tumbled after the announcement. What are possible reasons for such behavior?
March 18th, 2015 at 13:34
Canadian dollar is continuing its fall against the greenback today, heading lower than it’s been in years as Forex traders look forward to today’s Federal Reserve announcement. It’s also not helping matters that oil prices continue to fall.
March 18th, 2015 at 11:09
The US dollar index is lower today, while the US dollar trades mixed against its major counterparts. In a lot of ways, the dollar is “wait and see” mode as Forex traders and others await the latest Federal Reserve decision and statement.
March 16th, 2015 at 17:50
The US dollar was under selling pressure today because traders are becoming more and more cautious as the Federal Reserve’s policy meeting is nearing. Economic reports from the United States were not helping the greenback either.
March 14th, 2015 at 15:22
The US dollar continued to demonstrate an amazing performance this week, mainly due to the outlook for an early interest rate hike from the Federal Reserve. The currency posted especially big gains versus the euro and the Great Britain pound.
March 13th, 2015 at 10:39
US dollar has resumed its rally, heading higher again after yesterday’s breather. Greenback is once again up against its major counterparts, gaining ground as rumors about a Fed rate increase swirl.
March 12th, 2015 at 10:50
Euro is a little higher against its major counterparts today, taking a breather after a major slide this week. Indeed, things seem to be calming down this week following dramatic performances from both the euro and the US dollar.