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US Dollar Plunges As Federal Reserve Warns of More Economic Pain in Q2

The US dollar is maintaining its downward trend from late last week as the greenback slumped on new economic data and a bearish Federal Reserve. Despite being one of the bright spots in chaotic global financial markets, the central bank has tried to pour cold water on the greenback, and it is finding success in suppressing its ascent in the international economy.

US Dollar Slumps As Federal Reserve Cuts Interest Rates

The US dollar is slumping on Tuesday as the Federal Reserve announced an emergency cut to interest rates. With financial markets tanking and plenty of economic uncertainty surrounding the coronavirus, the central bank cut its benchmark rate by 50 basis points. Stocks fell after an initial bump, but the greenback was largely unaffected by the announcement.

US Dollar Strengthens As Federal Reserve Leaves Interest Rates Unchanged

The US dollar is strengthening against most major currency rivals midweek as the Federal Reserve left interest rates unchanged amid a strong national economy. The greenback is also reacting to higher price inflation and a robust housing market.

US Dollar Rallies on Federal Reserve’s Cuts to Interest Rates

The US dollar is rallying on Wednesday afternoon after the Federal Reserve cut interest rates for the third time this year. But the big news coming out of the Federal Open Market Committee (FOMC) policy meeting was the central bank indicating that it is hitting the pause button on rate cuts. The third-quarter gross domestic product (GDP) was also in the spotlight leading up to the October meeting.

US Dollar Mixed Ahead of October Federal Reserve Meeting

The US dollar is trading mixed against multiple currencies on Tuesday ahead of the Federal Reserve kicking off its two-day October policy meeting where it is widely expected the central bank will cut interest rates for the third time in 2019. While the buck did find refuge in positive housing data, investors’ attention will be on quarterly gross domestic product (GDP) numbers, manufacturing data, and the October jobs […]

US Dollar Flat As Capital Goods, New Home Sales Disappoint Markets

The US dollar is trading relatively sideways against some of its biggest currency rivals to close out the trading week. The latest release of US economic data is disappointing markets, which is raising the probability of another quarter-point decrease to interest rates in October. For now, investors might be adopting a wait-and-see approach to trading the buck prior to next week’s important Federal Reserve policy meeting.

US Dollar Strengthens As Wholesale Prices Fall

The US dollar is strengthening on Tuesday after the US government reported that wholesale prices slumped last month, defying market forecasts. Investors are also waiting for the Federal Reserve minutes from its September policy meeting, as well as bracing for this week’s tumultuous renewed US-China trade negotiations in Washington.

US Dollar Mixed As Unemployment Rate Falls to 50-Year Low

The US dollar is mixed at the end of the trading week after the US government reported that the labor market is showing some resilience as the economy – at home and abroad – cools down.

US Dollar Mixed As Manufacturing Index Has Worst Reading in a Decade

The US dollar is mixed on Tuesday after a new manufacturing survey had its worst reading in more than a decade, sending jitters throughout financial markets. Will this fan the flames of a recession and ultimately hurt the greenback?

US Dollar Sinks As August Jobs Disappoint Investors

The US dollar is falling against a few major currency rivals to close out the trading week, driven by a lower-than-expected jobs report in August. The disappointing labor numbers are likely enough to give the Federal Reserve the evidence it needs to pull the trigger on a second cut to interest rates later this month. But it could spell bad news for the greenback’s strength, something that the administration is hoping for.

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