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Dollar Ends Week Strong as Fed Hike Speculations Persist

The US dollar was strong this trading week thanks to the continuing speculations that the Federal Reserve is going to perform an interest rate hike in the near future, perhaps as soon as the next month.

Euro Rises During Thursday’s Trading, Still Heads to Weekly Loss

The euro rose today, extending its rally against the US dollar for the second day. Nevertheless, the currency was heading to a weekly loss against most of its major peers.

Greenback Trades Lower as Dollar Index Falls

There’s a decent amount of downward pressure on the greenback right now, and the dollar index is falling. Greenback is trading lower against its major counterparts and is mostly lower against other currencies today.

Economic Sentiment Doesn’t Look Good for Euro

The euro fell against most currencies today, including the US dollar and the Swiss franc, though not the Japanese yen. The indicators released during the current trading session showed that the economic sentiment deteriorated sharply this month.

Dollar Index Higher, But Gains Tempered by Sterling

The US dollar index is higher today, but the gains are tempered by a UK pound that is gaining ground. Rate hike expectations and better economic data continue to help the greenback in currency trading, even though the US currency is lower against the sterling today.

Dollar Index Higher on Fed Rate Hike Speculation

Speculation about the next Fed rate hike is sending the US dollar index higher, and supporting the greenback against its major counterparts. Dollar is higher against many of its counterparts as Forex traders look for a rate hike by the end of 2016.

Euro Drops as Economic Data Disappoints

Euro is heading lower today, dropping on disappointing economic data and concerns that the eurozone will see more slowing. Concerns about the various countries in the eurozone are weighing on the 19-nation currency.

US Dollar Ends Week Strong with Help from Fed Minutes

The US dollar ended the week strong against the majority of other most-traded currencies thanks to the minutes of the Federal Reserve policy meeting. The only currencies that have shown resilience against the greenback were the Great Britain pound and the New Zealand dollar.

Dollar Higher amid Summer Hike Talks

The US dollar traded higher against most of its major peers, though it was not able to beat all of them. Among the currencies that stood strong against the greenback was the euro, though currently EUR/USD is trying to move closer to the opening level.

Euro Loses Ground Against Dollar, Pound

Euro is lower today against the dollar and the pound as concerns about the eurozone economy compare unfavorably to better data coming out of the United States and relief out of the United Kingdom. Euro is heading lower as policy divergence becomes more likely.

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