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US Dollar Feels Pressure from Domestic Data & Market Sentiment

The US dollar dropped today against most currencies as both domestic fundamentals and the general optimistic market sentiment weighed on the currency.

Yen Weaker After Crude Oil Bounces

The Japanese yen weakened today as the rally of crude oil prices and the subsequent appreciation of commodity currencies gave traders less incentive to stick to the safety of Japan’s currency.

Australian Dollar Gains After RBA Minutes & Oil Rally

The Australian dollar gained today following the release of the latest policy meeting minutes from the Reserve Bank of Australia and the bounce of crude oil prices.

Euro Finds Support in Forex Trading

Euro is finding support today, heading higher in Forex trading against many of its major counterparts. Euro is gaining ground as Brexit worries weigh on the sterling, and as a possible agreement with Greece helps optimism.

Russian Ruble Sinks After Doha Meeting Failure

The Russian ruble dropped today as the meeting of major oil-producing countries in Doha failed to bring an agreement on freezing oil production.

UK Pound Loses Ground After Recent Gains

UK pound is losing ground again after recent gains. Sterling is heading mostly lower against its major counterparts as excitement over recent inflation data fades and as the EU referendum once again dominates the spotlight.

NZ Dollar Rises as Inflation Surprises Positively

The New Zealand dollar rose today as nation’s inflation surprised economists positively, rising above market expectations.

Dollar Encounters Troubles with Moving Higher

The US dollar attempted to rally against other most-traded currencies this week but found limited success. The greenback gained on the euro and the Japanese yen but fell against the Great Britain pound and commodity currencies.

Loonie Down on Oil, Economic Cautions

Canadian dollar is mostly lower today, falling as concerns about the economy continue and as oil prices remain weak. Although oil is higher than it has been in a while, it is still down on the day, and there are worries about what that means for the Canadian economy.

Could Euro Reach Parity With US Dollar by Year’s End?

Euro is trading mixed today, gaining against the US dollar while falling against other major counterparts. However, even though the 19-nation currency is higher against the dollar, some analysts feel that the recent rally is coming to an end and that parity with the greenback may be reached by the end of the year.

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