Dollar — News Archive


US Dollar Gains on Commodity Drop, Economic Gains

US dollar is heading higher today, gaining as better than expected economic data supports the greenback. Commodities are lower today, and a gold price below $1,400 an ounce is also helping the dollar in Forex trading.

NZ Dollar Stays Flat, Shrugs Off Negative Fundamentals

The New Zealand dollar was able to stay flat today even as domestic fundamentals were detrimental to the currency. The general market sentiment was not helpful either.

Loonie Remains Soft vs. Greenback Ahead of GDP Report

The Canadian dollar remained soft today against its US counterpart after yesterday’s losses on concerns that today’s report will show that the nation’s economy shrank last quarter.

Signs of US Growth Propel Dollar Higher

The US dollar jumped as signs of economic growth in the United States fueled speculations about possible quantitative easing tampering by the Federal Reserve in September.

UK Pound Gets Help from Mark Carney

UK pound is getting a little help today, thanks to BOE Governor Mark Carney’s comments yesterday. While the pound is struggling against the US dollar, it is higher against the euro and the yen today.

Euro Drops on Economic Data, Syria Worries

Euro is lower today, dropping as economic data weighs on the 17-nation currency, and as concerns over Syria increase risk aversion. Euro is heading lower almost across the board, with Greece being pressured to sell assets and uncertainty over the geopolitical situation.

Dollar Strong on Syria

The US dollar jumped against the euro yesterday and continued to rise today as the prospects for war in Syria continued to drive investors to safer currencies. The greenback halted the rally against the yen and was retreating versus the Great Britain pound.

Dollar Attempts to Maintain Rally, Fails

The US dollar was trying to rally on speculations about possible quantitative easing tampering, but failed to do so against such currencies as the euro and the Japanese yen. The greenback managed to keep gains versus the Great Britain pound.

Loonie a Little Lower on Fed Bets, Middle East Jitters

Very little about the Canadian dollar is being driven by what’s happening in Canada today. Instead, the loonie is responding to everything that’s going on in other countries. Fed bets and concerns about the Middle East are weighing on the Canadian dollar right now.

NZ Dollar Drops Sharply at Beginning of Trading Session

The New Zealand dollar managed to gain yesterday despite the very bad trade balance, but reversed gains today. The currency dropped rather sharply at the beginning of the current trading session and remains soft as of now.