The US dollar is falling against its major currency rivals on Tuesday as new data highlights an uncomfortable truth for the world’s largest economy: Business investment is weakening. That has not stopped the consumer from being bullish as confidence in the US economy has not been this high in more than 20 years.
The US dollar is trading mixed against multiple currencies on Tuesday ahead of the Federal Reserve kicking off its two-day October policy meeting where it is widely expected the central bank will cut interest rates for the third time in 2019. While the buck did find refuge in positive housing data, investors’ attention will be on quarterly gross domestic product (GDP) numbers, manufacturing data, and the October jobs […]
The US dollar is rallying against a handful of competing currencies on Tuesday as investors have renewed their appetite for risk. With the US-China trade situation deescalating in recent days, traders have resuscitated their interest in the greenback, though financial markets remain in the red. Modest gains in housing data also lifted the buck.
The US dollar is sliding midweek as President Donald Trump continues to pressure the Federal Reserve cut interest rates because the economy would ascend “like a rocket.” An influx of mixed data has also been coming out, showcasing some bright spots and some dim aspects that could be signs of a somewhat cooling economy.
The British pound today rallied higher against the US dollar even after the Bank of England Governor Mark Carney took a slightly dovish tone in his speech. The US dollar was largely weaker against its main peers, which also fueled the rally amid lackluster data reported from the US docket.
The US dollar fell today, following yesterday’s gains on risk aversion. Today, traders were a bit more courageous after Hurricane Sandy hit the United States and damage was assessed. Positive US fundamental data also dampened need for safer assets.
The Canadian dollar fell today, heading to a monthly loss against the US dollar and a second straight monthly drop versus the Japanese yen, as the crisis in Europe eroded demand for currencies related to growth. Unsurprisingly, Canada’s currency managed to outperform the euro.
Australian dollar is maintaining gains today, heading a little bit higher as some risk appetite returns to the markets. Also helping the Aussie is the fact that gold prices are gaining again. With a little optimism, and help from commodities, Aussie is gaining ground against the major currencies.
US dollar is mixed today, due in large part to the latest uncertainty coming from the eurozone. Earlier, risk appetite was all the rage, with the euro reaching new highs for the month of March, and a number of currencies gaining against the greenback. Now, though, the dollar index is higher, and the euro has faded against the greenback. In large part, this is due to the suggestion from the OECD that the eurozone’s firewall is insufficient […]
