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US Dollar Steadies on Dovish Comments from Federal Reserve Official

The US dollar was little changed against the euro on Friday, as dovish comments from an official in the Federal Reserve prevented the greenback from moving higher. Economic data in the United States today lacked enough strength to support the US currency as it declined against the British pound and the Japanese yen.

British Pound Falls on Weak Wage Growth and Pessimistic Consumer Spending Outlook

The British pound declined against the euro on Thursday, as worries continued following data that revealed weak growth for wages of British workers.

Yen Flat After Bunch of Economic Reports from Japan

The Japanese yen was flat against most of its major rivals during the current trading session after a bunch of macroeconomic data was released from Japan today.

Euro Ends Three-Day Rally vs. Dollar & Yen

The euro dropped on Wednesday as economic data released from the countries of the eurozone was not particularly supportive for the currency, breaking its three-day rally versus the US dollar and the Japanese yen.

Japanese Yen Continues Move Down, Halts Drop vs. Dollar

The Japanese yen fell for the second trading session against the euro and the Great Britain pound today. The currency has also dropped for three days versus the US dollar but paused the decline at the start of the Friday’s session.

Yen Supported by Data from Japan

The Japanese yen gained on the US dollar and the Great Britain pound today as macroeconomic data from the Asian country was mostly positive, increasing appeal of the currency to investors.

US Dollar Slips on Consumer Spending News

The US dollar is slipping today, heading mostly lower as the latest economic data disappoints. Concerns about the still-slow economic recovery continue are holding the greenback down right now.

Euro Gains Some Ground Against the US Dollar

Even with deflation worries increasing in the eurozone, the 18-nation currency is gaining some ground against the US dollar right now. US data is a bit disappointing, and that is giving euro a bit of an edge right now.

Euro Gains Ground on End of Month Flows

Even though there is plenty of disappointing economic news in the eurozone, the euro is managing to head higher today. The main driver is end of the month flows, but there is also a little bit of support from the recently approved Greek debt deal.

Canadian GDP Disappoints, Sending Loonie Lower

Canadian GDP surprised analysts and traders to the downside today, with February GDP declining 0.2%. The news came at the same time that reports of slowing consumer spending and income were reported in the United States. The combination is weighing on the Canadian dollar today, as well as on other currencies.

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