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Soaring Crude Oil Prices Benefit Canadian Dollar

The Canadian dollar was tracking move of crude oil very closely in the recent past, and today’s trading session was no different. Prices for crude rallied, and the loonie followed them.

US Data Doesn’t Look Good, Dollar Lower vs. Most Currencies

The US dollar was weaker against the vast majority of most traded currencies (with the exclusion of the Japanese yen) today. Most US economic reports released from the United States over the Thursday’s trading session were bad, leading to speculations that monetary tightening from the Federal Reserve would be very gradual.

NZ Dollar Drops as RBNZ Leaves Doors Open to Interest Rate Cuts

The Reserve Bank of New Zealand refrained from an interest rate cut yesterday after slashing rates last month but signaled about possibility of an additional cut in the future. As a result, the New Zealand dollar sank during the previous trading session, though the currency is attempting to recover during the current session.

Dollar Mixed After Fed Concludes Policy Meeting

The US dollar was mixed after the Federal Reserve had concluded its monetary policy meeting. The Fed made no changes to the policy, in line with market expectations, while the statement was mostly balanced but with a dovish bias.

US Dollar Trades Mixed Ahead of Fed Announcement

US dollar is trading mixed today, as Forex traders and analysts await the Fed announcement later today. There is a great deal of volatility in the markets today.

NZ Dollar Higher, Waiting for Fed & RBNZ Meetings

The New Zealand dollar trades above the opening level currently, waiting for monetary policy meetings of the Federal Reserve and the Reserve Bank of New Zealand that may determine trends for the currency both on short and longer terms.

Australian Inflation Data Makes Aussie Stronger

The Australian dollar gained today against its other most traded peers with the help of inflation data. The solid report improved the monetary policy outlook, giving additional support to the currency.

NZ Dollar Fails to Rally, Dragged Down by Crude Oil

The New Zealand dollar has attempted to rally earlier during the current trading session but fell back below the opening level as of now. The reason for the decline was the drop of crude oil prices that dragged commodity prices down at the start of the week.

Dollar Higher vs. Euro & Yen, Mixed vs. Other Majors

The US dollar continued to rally against the euro and the Japanese yen today due to divergent monetary policies of the nations’ central banks. The greenback demonstrated mixed performance against other most-traded currencies as the rebound of global stocks limited demand for the currency as a safe haven option.

Loonie Gains for Third Session vs. Greenback & Euro

The Canadian dollar gained today, extending its rally versus the US dollar and the Japanese yen for the third straight session. The reason for the admirable performance was the surprise rally of crude oil.

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