Federal Reserve — News Archive

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Canadian Dollar Kicks Off Week with Decline

The Canadian dollar was demonstrating a poor performance during the Monday’s trading session. It is hard to be surprised by this turn of events considering the noticeable decline of prices for crude oil.

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 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.

Dollar Broadly Higher amid Tightening Speculations

The US dollar was broadly higher against other currencies during this week’s trading amid speculations that the Federal Reserve may yet resume its monetary tightening.

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.

Euro Hits the $1.15 Level Against the Dollar

Euro continues to show strength, even though many analysts thought it would be much lower by now. Much of the current strength is likely coming from the fact that the United States probably won’t raise interest rates in the near future.

Greenback Drops on GDP Data

Yesterday’s Federal Reserve announcement and the recent GDP data are putting a damper on the US dollar today. Greenback is heading lower as Forex traders mull the implications of a slowing economy.

US Dollar Slightly Lower Ahead of Fed Meeting

Greenback is slightly lower today, giving up some of its recent gains as Forex traders consolidate their positions. Many analysts and traders are looking forward to the Federal Reserve meeting later this week, trying to gauge what the next move will be.

Greenback Pulls Back After Earlier Gains

US dollar saw some earlier gains, holding over from yesterday’s rally. However, by now they are mostly gone as the greenback pulls back. Forex traders are consolidating their positions and preparing for the next move.

US Dollar Keeps Strength After Mixed Data

The US dollar continued to rise against most of its rivals, though it slowed the advance and even halted it against some currencies as US inflation data was disappointing.

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