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US Dollar Mixed As Federal Reserve Pledges to Keep Interest Rates Low Until 2023

The US dollar is trading mixed against its G10 currency rivals midweek following the Federal Reserve‘s completion of its two-day policy meeting. The central bank left interest rates unchanged, and it pledged to keep rates lower for a few more years to support the economic recovery. With rates hovering near zero until at least 2023, how will this impact the greenback?

US Dollar Struggles for Direction on Jerome Powell Testimony, May Retail Sales

The US dollar is struggling for direction on Tuesday as the stock market rallies. Investors are weighing multiple events unfolding, including the Federal Reserve Chair’s semi-annual congressional testimony, strong May retail sales figures, and a spike in equities. It has been a roller coaster ride for the greenback in recent weeks as volatility and uncertainty have returned to global financial markets.

US Dollar Holds Steady As Retail Sales Crash Worse Than Expected in April

The US dollar is holding steady to finish the trading week as investors comb through the worse-than-expected retail sales report for April. The greenback’s endurance was further tested on bleak industrial and manufacturing numbers, lending credence to the Federal Reserve’s gloomy assessment that the US economy’s road to recovery will be a long and slow one. So, why is the buck not plummeting on Friday?

US Dollar Rallies Despite Mixed Data As Investors Pour Into Safe-Haven Asset

The US dollar is rallying against many major currencies midweek as investors continue to pour into the traditional safe-haven asset. Despite mixed economic data, the greenback is trading at its best level in three years throughout the Covid-19 pandemic that has crippled the global economy and paralyzed global financial markets.

US Dollar Weakens on Disappointing Data, Trade Uncertainty

The US dollar is trading lower against multiple currency rivals midweek, driven by disappointing economic data and continued uncertainty surrounding US-China trade relations. Still, the consensus is that the greenback will remain one of the strongest currencies over the next 25 years, competing with the Chinese yuan and the euro.

US Dollar Rallies on Strong Manufacturing, Construction Spending

The US dollar is rallying against some of the most-traded currency pairs to kick off the trading week. The greenback is finding direction on recent data that suggest that the current bull run still has some legs and the economy could have additional room to grow. The buck was capped as traders had a renewed interest in China after a swath of data were released showing perhaps a recovery is in sight.

US Dollar Rallies Higher Against Peers on Positive Advance Retail Sales

The US dollar today rallied higher against its main peers including the British pound and the Japanese yen after the release of positive US advance retail sales data. The greenback’s rally was also supported by the positive New York Empire State Manufacturing Index, which also exceeded expectations.

US Dollar Plunges as Retail Sales and Inflation Data Signals Economic Weakness

The US dollar plunged against the euro, the British pound, and other major currencies on Wednesday, following a stream of lackluster data that signaled a weaker economy than analysts expected. Disappointing inflation and retail sales numbers today reduced optimism between traders ahead of manufacturing and housing data later this week.

US Dollar Moves Lower Against Major Peers Ahead of Fed Meeting

The US dollar declined against a basket of other major currencies on Monday to begin the week on a negative note. Tomorrow, the Federal Open Market Committee is set to begin a monetary policy meeting that will last two days, which reduced traders’ appetite for risk and pushed the Japanese yen higher against the greenback.

US Dollar Mostly Higher as Risk Appetite Flees

US dollar is mostly higher today, gaining against European currencies as risk appetite flees the scene. The state of Cyprus is once again in the news and having an effect.

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