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Dollar Lies in Waiting for Further Monetary Policy Indications

The US dollar has experienced an abysmal week at the end of March and enters April with a bias that can be defined as bearish. But does it mean that the currency is going to extend its decline further?

US Dollar Starts Week with Positivity, Ends Negative

The US dollar has entered the trading week with a positive bias due to the outlook for monetary tightening from the Federal Reserve. But all positivity was squashed by dovish comments of Fed Chairwoman Janet Yellen.

CAD Rallies vs. USD, Less Successful Against Other Majors

The Canadian dollar rallied against its US counterpart after the dovish comments from the Federal Reserve’s head sent the greenback tumbling. The loonie had less success against its other major rivals due to the crash of crude oil prices.

Euro Rallies vs. Dollar & Yen, Flat vs. Pound

The euro rallied together with other currencies against the US dollar after Janet Yellen, Chairperson of the Federal Reserve, signaled that monetary tightening would be cautious and gradual. The currency also rose versus the Japanese yen but remained flat against the Great Britain pound.

Soft Data and Rate Hike Expectations Send Dollar Lower

US dollar index is lower today thanks in large part to the fact that rates hike expectations are changing. Softer data reports are weighing on the greenback and sending it lower against its major counterparts.

Dollar Struggles to Maintain Rally

The US dollar was attempting to extend its rally today but had limited success. The currency gained against the euro and the Japanese yen but trimmed gains as of now. Against the Great Britain pound, the greenback erased its gains altogether.

Canadian Dollar Continues to Struggle as Oil Prices Drop

Canadian dollar is lower today, as oil prices resume their drop. North American stock indexes are also lower, which is weighing on the loonie as well. With the Canadian economy struggling a little bit because of oil, it’s little surprise that the loonie continues to exhibit weakness against its major counterparts.

Dollar Goes Higher as Fed Members Talk About April Rate Hike

The US dollar was pushing higher today as the outlook for monetary tightening turned into a more hawkish one after comments of Federal Reserve officials.

NZ Dollar Weak on Monday

The New Zealand dollar declined against its US counterpart today as traders thought that the greenback’s decline last week was overdone. The kiwi was also weak against its other major peers.

Less Hawkish Fed Makes Week Miserable for Dollar

The US dollar has ended the week on a weak footing, being the biggest loser among major currencies. The reason for the underwhelming performance was the monetary policy announcement from the Federal Reserve.

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