Dollar — News Archive

The Australian dollar dipped initially today following the release of central bank’s monetary policy minutes and poor macroeconomic data. Yet the currency has bounced by now after markets had calmed, largely ignoring US tariffs on Chinese goods.

The Canadian dollar, which enjoyed its biggest weekly gain since April last week, is posting modest gains on Monday as investors are bracing for a week of tense North American Free Trade Agreement (NAFTA) talks. Officials are being pressed to reach a deal, especially with Mexico’s president-elect about to take office and the US holding midterm elections in November. Traders feel that the added pressure might lead to a conclusion, […]

The US dollar ended the week broadly weaker against its most-traded rivals as the positive market sentiment and disappointing macroeconomic data made the currency less attractive to investors.

The Canadian dollar weakened on Friday, but the loonie is still on track for its biggest weekly gain in about five months. The currency recorded gains on surging oil prices, but they were capped on reports that the US and Mexico might exclude Canada from a trade deal, especially with the month-end deadline on the horizon.

The US dollar was broadly lower against its most-traded rivals today following the release of a worse-than-expected inflation report and the improvement of the market sentiment. The currency managed to gain on the Japanese yen, though.

The Australian dollar gained against all of its most-traded rivals today on the back of solid employment growth, which was faster than expected, and the improving market sentiment.

The Australian dollar dipped today following the release of a negative macroeconomic report in Australia but bounced later, trading near or above the opening level against its most-traded rivals by now.

The Canadian dollar is strengthening against its US counterpart on Tuesday after officials confirmed that they are extending talks to renegotiate the North American Free Trade Agreement (NAFTA). The latest reports suggest that American trade representatives are encouraging Ottawa to open up its market and modify its protectionist systems that have been in place for decades.

The Australian dollar fell against its most-traded rivals after the release of mixed domestic macroeconomic data. Surprisingly, the Aussie managed to gain on the Japanese yen.

The US dollar is rallying against its major counterparts at the end of the trading week following a better-than-expected August jobs report. The bullish economic report will likely give further ammunition to the Federal Reserve to raise interest rates at its next Federal Open Market Committee (FOMC) policy meeting later this month, a dollar-positive move.