Dollar — News Archive


Delayed Taper Expectations Send Greenback Lower

US dollar is lower today on expectations that the Federal Reserve won’t begin tapering its asset purchase program until next year. With US jobs growth slowing, and analysts still trying to determine the economic impact of the recent government shutdown, it just doesn’t make sense for the Fed to reduce stimulus right now.

Euro Continues to Gain Ground

Even with the latest drop in the PMI, the euro is still surging in Forex trading. Indeed, the 17-nation currency continues to defy expectations and move higher as risk appetite improves and Forex traders become more confident about the eurozone economy.

Aussie Suffers from China’s News

The Australian dollar tumbled today as news from China resulted in risk aversion driving investors away from currencies with higher yield.

Less Hawkish BoC Damages Canadian Dollar

The Canadian dollar demonstrated a sharp drop today as the Bank of Canada left interest rates unchanged and, what is more important, dropped hints of eventual interest hike from its statement.

US Dollar Gains on Fears Over Chinese Money Market Rates

The latest news out of China, with money market rates on the rise, is prompting gains for the greenback today. Indeed, there is enough concern about liquidity that many Forex traders are looking for safe haven, and buying the dollar for the stability.

Euro Looks for Direction After Consumer Confidence Report

Eurozone consumer confidence came in below expectations for October, but it is still at its best since July 2011. Risk appetite is a little shaky today, and there are still questions about the sustainability of the eurozone’s economic recovery.

Aussie Climbs as CPI Beats Expectations

The Australian dollar advanced today after data showed that consumer prices were rising last month much faster than was expected. It suggests that the nation’s central bank has less incentive to ease its monetary policy further.

Dollar Drops as Non-Farm Payrolls Disappoint

The US dollar dropped sharply against most major currencies today after non-farm payrolls frustrated market participants, showing employment growth that was slower than investors have hoped for.

Euro Surges with Risk Appetite

Euro is surging today as risk appetite returns to the markets with the release of US payroll data. With the data for September showing modest improvement, and with the numbers for August revised higher, a surge of interest in risk assets is helping high beta currencies like the euro.

Dollar Firm Ahead of NFP, Trims Gains vs. Euro on Housing

The US dollar was relatively strong today ahead of tomorrow’s non-farm payrolls. The currency trimmed its gains versus the euro after the release of housing data that was worse than market participants have hoped for.