EUR/USD — News Archive


US Dollar Surges to Its Highest Level Since 2003 on Trump’s Fiscal Policy

The dollar rose to its strongest level since 2003 against the euro and a basket of major currencies on Wednesday. The US currency’s surge that lasted for six days in a row drew strength from speculations that President-elect Donald Trump might increase fiscal spending.

US Dollar Maintains Gains Against Euro on Positive Retail Sales Data

The dollar traded on Tuesday near its highest level in almost a year as the US currency continued to be supported by positive data releases in the world’s biggest economy. New comments from Federal Reserve officials, which backed a rate hike in December, also boosted the greenback.

British Pound Struggles to Find Direction, Drops Against US Dollar

The British pound declined on Monday as the currency retreated from its recent highs due to the rapid gains that the US dollar achieved. The British pound traded near its last week’s opening level today after losing all of the gains accomplished on Friday, which had brought the currency to its highest level since its sudden crash on October 7.

US Dollar Continues to Rise as December’s Rate Hike Appears More Likely

The US dollar continued its advance against its main rival currencies on expectations of increased fiscal spending and lower taxes under Donald Trump’s administration. The greenback was further supported by the rising likelihood of an interest rates hike by the Federal Reserve is December.

Dollar Ends Week Among Winners, Gets Beaten by Sterling

This was extremely volatile week due to the outcome of the US presidential elections that was uncertain till the very end. The US dollar came out among the strongest of the most-traded currencies after the result of the voting became clear, though the strongest one was the Great Britain pound.

Dollar Maintains Its Gains to Trade at Its Best Level Since October

The dollar is set to end a volatile week on Friday following an impressive rise over the past two days. The US currency maintained most of its gains against the Japanese yen and the euro. While the Chinese yuan continued to decline against the dollar on expectations that emerging markets could suffer from Donald Trump’s protectionist approach.

Dollar Gains as Initial Shock from Trump’s Victory Fades

The US dollar rose on Thursday to its highest level since October 27 as the currency recovered from all of its recent losses, which followed Donald Trump’s victory in the US presidential election. The dollar then proceeded to erase its declines during the previous two weeks as traders adjusted to the surprising win by Trump.

Dollar Recovers from Initial Shock after Trump Wins Presidency

The US dollar sharply fell earlier today after the US presidential election was concluded with a victory for Republican candidate Donald Trump. The currency then recovered all its losses in a day of volatile trading.

Dollar Edges Slightly Lower as Markets Brace for Elections

The US dollar had a small decline in today’s trading against the euro and the British pound as nervous traders anticipated the result of today’s election race between Democratic candidate Hillary Clinton and Republican Donald Trump.

Dollar Rises as FBI Finds No Evidence Against Clinton

The US dollar gained on Monday after the currency declined for most of the previous week. The dollar’s rise comes after FBI Director James Comey told Congress that no evidence of criminal activity was found in the agency’s investigation against Democrat Hillary Clinton.