Dollar — News Archive


Aussie Drops for Third Session with Capital Spending

The Australian dollar extended its drop to the third consecutive session today as capital spending fell more than was expected, hurting the traders’ sentiment that was already sour due to concerns about signs of economic slowdown in China.

News from USA Turns Positive, USD Rallies

Economic news from the United States turned positive, increasing the attractiveness of the US currency. The dollar rallied against the euro yesterday and retained its gains today. The rally versus the Great Britain pound and the Japanese yen was more limited.

Aussie Falls on Concerns About China

Australian dollar is vulnerable right now, and heading lower against its major counterparts. Worries about the economic situation in China, as well as concerns about commodities, are weighing on the Aussie today.

Canadian Dollar Mostly Lower Against Counterparts

Canadian dollar is mostly lower today, drifting a bit as Forex traders consider their next moves. Many traders are in wait and see mode, with data releases coming up and with questions about what’s next for the Bank of Canada.

Euro Struggles After European Commission Report

Euro is dropping against the US dollar today, and struggling against other counterparts. The European Commission released a report about the eurozone economy, and the euro’s performance today is at least partially influenced by it.

US Dollar Weak Against Other Majors

The US dollar is showing weakness today, heading lower against other majors. Concerns about the US economy are weighing on the greenback, even as some of the fears about the eurozone are allayed.

Loonie Heads Higher Against Major Currencies

Canadian dollar is heading higher against its major counterparts today, following the latest inflation report. Even though there are some concerns about the most recent retail sales data, and it doesn’t appear that rates will rise anytime soon, the latest data indicates that things are likely to remain steady, and the loonie is gaining as a result.

US Dollar Index Lower as Greenback Loses Ground

Greenback is losing ground to enough currencies today that the US dollar index is heading lower. Helping the dollar move lower are gold prices, which are heading higher right now. The prospect of a commodity rally is weighing on the greenback a bit, since it often moves inversely to metals and oil.

CAD Shows Mixed Performance as Economic Indicators Diverge

Macroeconomic data from Canada was mixed today as the inflation report surprised positively, but retail sales data frustrated traders. As a result, the Canadian dollar fell versus its US peer and the euro, but rose a little against the Japanese yen.

Canadian Dollar Pulls Back on Commodities, China

Canadian dollar was higher in earlier trading, but has now pulled back. Thanks to concerns about lower commodities and the fact that disappointing data out of China is weighing on sentiment and high beta currencies, the loonie is now losing ground in some cases, particularly against the greenback.