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US Dollar Declines Despite Strong Housing Numbers

The US dollar weakened against a basket of its major peers on Tuesday, as traders anticipated a monetary policy decision from the Federal Reserve that will be released on Wednesday. The greenback failed to harness enough strength from solid gains in the real estate market, as the spotlight remained on possible hints of future interest rates tomorrow.

Drop of Consumer Confidence Doesn’t Affect New Zealand Dollar

The New Zealand rose today, joining its Australian counterpart in a rally, even though the New Zealand consumer confidence dropped this month.

Drop of Aussie After RBA Minutes Doesn’t Last Long

The Australian dollar fell today after the Reserve Bank of Australia released minutes of its latest policy meeting. The fall was very brief, though, and the Aussie has recovered against its major rivals by now. Positive housing data likely helped the currency to some degree.

EUR/USD Consolidates Gains After Release of ZEW Survey Data

The EUR/USD currency pair consolidated its daily gains around 1.1990 after the release of positive German ZEW survey data. The German ZEW survey surprised to the upside as both economic sentiment and current conditions beat expectations.

US Dollar Rises Against Most Major Peers Ahead of Federal Reserve Meeting

The US dollar rose against most of its major counterparts on Monday to begin the week on a positive note, as traders anticipated the outcome of the latest Federal Reserve meeting. However, solid inflation data in the eurozone pushed the euro higher against the greenback.

Euro Firm During Monday’s Trading, CPI Helps Preserve Momentum

The euro was relatively strong against its major rivals today. The inflation data released during the current trading session, being rather positive, did not give the currency a reason to reverse its trend.

Pound Starts Week Mixed as Traders Wait for Carney

The Great Britain retreated versus the euro today after six consecutive sessions of gains. The currency remained stable against the US dollar and continued to rally versus the Japanese yen.

Amazing Performance of Pound Caused by Interest Hike Speculations

The Great Britain pound surged during the past trading week, propelled by interest rate hike speculations. Meanwhile, safe currencies found little demand as risk appetite came to the market.

Euro Mixed, Prospects for QE Tapering Stay in Place

The euro was mixed today, rising versus the US dollar and the Japanese yen, but falling against the Great Britain pound and the Swiss franc. The currency continued to receive support from quantitative easing tapering expectations.

US Dollar Drops Against Major Peers as Retail Sales Fail to Meet Estimates

The US dollar fell against the euro and other major currencies on Friday as retail sales in the United States unexpectedly declined last month. The retail sales drop was the first since June, which pushed an index that tracks the greenback to the weakest level in about a week.

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