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US Dollar Gains After Retail Sales Data

US dollar is heading higher on the latest retail sales data numbers. With data beating expectations, the greenback is gaining against its major counterparts.

Australian Dollar Weaker amid Interest Rate Cut Speculations

The Australian dollar was soft today amid speculations that the Reserve Bank of Australia is going to perform additional interest rate cuts in the near future.

Greenback Pulls Back on Profit Taking, Fed

US dollar is giving back some of its recent gains today, heading lower as Forex traders step up their profit taking, and as speculation that the Federal Reserve will stay away from further rate hikes the rest of the year increases.

Australian Dollar Mixed After Economic Data

The Australian dollar gained on its US counterpart but fell against the Japanese yen after the release of mixed economic data from Australia.

Australian Dollar Rises on China’s Data

The Australian rose today with the help of relatively decent economic reports from China.

NFP Don’t Prevent US Dollar from Rising

The major event this week was the release of US non-farm payrolls. Yet it turned out to be not that impactful as it prevented the US dollar from logging weekly gains. Meanwhile, the Reserve Bank of Australia surprised markets, performing an unexpected interest rate cut.

Australian Dollar Slumps After RBA Policy Statement

The Australian dollar dropped today after the Reserve Bank of Australia released its Monetary Policy Statement that expressed a dovish outlook for developments in the Australian economy.

Dollar Weakens as Employment Growth Misses Expectations

The US dollar dropped against its major rivals after non-farm payrolls released today showed that employment growth was slower than markets had been counting on. Other parts of the report were not bad, helping to mitigate the impact of the negative indicator.

Australian Dollar Overcomes Impact of RBA Cut

The Australian dollar was able to overcome the negative impact of the surprise interest rate cut from the Reserve Bank of Australia, rising today. The advance happened with the help of positive macroeconomic data from Australia.

Risk Aversion Limits Losses to US Dollar

US dollar has been struggling since the latest ADP data, and Forex traders and others are waiting for the nonfarms payroll report due out at the end of the week. However, even though the latest economic data isn’t positive for the greenback, losses are being limited as risk aversion sets in.

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