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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.

Dollar Soft amid Dovish Outlook for Fed Policy

The US dollar fell against some other currencies today as traders remained concerned that the Federal Reserve will not be able to raise interest rates as fast as it has initially planned. The greenback was especially vulnerable against commodity-geared currencies and the Great Britain pound, faring better against safe currencies and the euro.

US Dollar Steady Against Euro and Pound, Down Against Yen

US dollar is remaining steady against the euro and the pound as risk aversion remains an issue. However, the greenback continues to fall against the yen.

Divergence, Risk Aversion Weigh on Euro

Euro is trading mixed against its major counterparts today, falling against the dollar and the yen as risk aversion continues. Many also expect to see a revival of the divergence trade between the dollar and the euro. The 19-nation currency is higher against the pound, though, as the sterling appears on the verge of collapse.

Dollar Index Gains as Traders Shun Riskier Assets

Dollar index is heading higher today as traders shun riskier assets. Stocks are dropping, as are oil prices. Traders are turning away from riskier assets in favor of safe havens, and that is helping the greenback to some degree.

Euro Upside Continues Against US Dollar

Euro continues to show resiliency, and it appears that there is the possibility of increased upside for the 19-nation currency. With the Fed backing down and the ECB largely unable to keep the euro weak, more gains could be seen in the near term.

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.

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