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Pound Hurt by Policy Outlook, Manages to End Week Higher vs. Dollar

The Great Britain pound sank against most of its major currencies during the past trading week as the UK central bank signaled that monetary tightening is not in sight. Still, the sterling managed to gain on the US dollar over the week, though it trimmed its gains by the weekend.

Economic Data Helps US Dollar

US dollar is heading higher today, thanks in large part to the latest data releases. With the economic outlook for the United States continuing to improve, some analysts are still predicting another rate hike in March, while other think that the Fed will rate a little longer.

Greenback Trades Mixed as Global Stocks Plummet

Global stocks are once again plummeting. The dollar is trading mixed, however, as many traders await economic data to determine whether or not recent dollar strength remains relevant.

US Dollar Index Heads Lower on Fed Speculation

US dollar is struggling today, with the dollar index down as Forex traders wonder if the Federal Reserve will dial back its plans for interest rate hikes. With the global economy showing volatility, and concerns about what’s next weighing, there is some speculation that the Fed will be reluctant to keep raising rates.

Bank of Japan Responsible for Weekly Losses of Yen

The past trading week was marked with several policy meetings of major central banks. The most interesting of them turned out to be the Bank of Japan meeting that resulted in a surprise cut of the interest rates into negative territory. As one can expect, this resulted in a slump of the Japanese yen.

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.

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.

Rally of Crude Oil Pushes Japanese Yen Back

The Japanese yen reversed its earlier rally during the currency trading session, falling below the opening level against such most-traded currencies like the US dollar and the Great Britain pound. The reason for the drop was the rally of crude oil prices.

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