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Dollar Index Recovers Slightly From 2016 Low

US dollar index is recovering slightly today after hitting a 2016 low yesterday. Following send remarks, the US dollar went into a tailspin. Now, though, the greenback is trading mix against its major counterparts, the dollar index is slightly higher, thanks to a lower euro.

Dollar Crashes as Fed Lowers Interest Rate Expectations

The main theme of the Wednesday’s trading session was the monetary policy meeting of the Federal Reserve. The Fed managed to surprise the market even as it has left the policy stable.

Greenback Higher Ahead of Fed Announcement

US dollar is higher today, ahead of the federal reserve announcement later. Economic data in the United States continues to be solid. That is giving some analysts reason to believe the Federal Reserve will hike rates sometime in 2016. However, that day is probably not today.

Dollar Mixed as Markets Feel Secure

Today, the US dollar was weaker against the Great Britain pound and commodity currencies but gained on the euro and the Japanese yen. The currency’s moves were mostly driven by the positive market sentiment.

Dollar Fails to Rally Against Euro & Pound

The US dollar was attempting to rally against such major rivals as the euro and the Great Britain pound earlier today but has failed. In fact, the currency trades below the opening level right now and continues to move lower.

Policy Outlook & Economic Data Make Things Difficult for USD

The US dollar managed to end the week flat against the Japanese yen, but otherwise the greenback was very weak during the past trading week. The reasons for the poor performance were the monetary policy outlook as well as macroeconomic data that was not that great.

Non-Farm Payrolls Fail to Boost US Dollar

The US dollar was mostly weaker today (though it gained on the Japanese yen) despite the release of seemingly solid employment data that should have boosted the currency.

US Dollar Lower, Hurt by Macroeconomic Data

Macroeconomic reports released from the United States over the current trading session were mostly bad, leading to weakness of the US dollar against its major counterparts.

US Dollar Trades Mixed as ISM Data is Released

Greenback is trading mixed today as the latest ISM data is released. The US dollar is down against sterling, but up against the euro and the yen. The dollar index is also higher today.

Greenback Heads Higher After GDP Reading

US dollar is gaining ground against its major counterparts today after the release of the latest GDP data. An improving US economy is boosting the possibility of a rate hike later this year.

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