Federal Reserve — News Archive

    Archives

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.

Aussie Falls amid Detrimental Fundamentals

The Australian dollar fell today as fundamentals were not helpful to riskier currencies linked to commodities and economic growth.

Japanese Yen Feels Strong

The Japanese yen rallied today as traders were cautious due to the prospects for monetary tightening from the Federal Reserve but not willing to buy the US dollar.

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.

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.

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.

Navigation

Menu