Federal Reserve Bank of Dallas — News Archive


US Dollar Slides Despite Bullish Data in Final Stretch of 2019

The US dollar is slipping against multiple publicly-traded currency rivals to kick off the holiday-shortened trading week and wind down 2019. The buck, which has pared most of its gains this year, failed to take advantage of the myriad of bullish economic data on Monday, creating a cause for concern that the dollar will start 2020 weaker.

US Dollar Weakens Against Euro as Inflation Data Misses Estimates

The US dollar declined against the euro on Friday to touch its weakest level in 3 days, as fresh data for inflation rate in the United States disappointed investors. Weak economic releases in recent weeks lowered expectations that the Federal Reserve might raise interest rates before the end of the year, which weighed on the greenback.

US Dollar Rises Against Euro on Hawkish Comments from Federal Reserve Officials

The US dollar climbed to the highest level since May 30 against the euro on Tuesday following a stream of hawkish comments from US Federal Reserve officials yesterday and today. Two members of the Federal Open Market Committee offered an improved outlook for tighter monetary policy in the United States earlier today, while a third member is expected to speak later in the day.

US Dollar Climbs Against Main Peers on Solid Consumer Confidence Data

The US dollar climbed against a basket of its major peers on Tuesday, as focus shifted from the withdrawal of the Republican healthcare bill to strong economic data. An index of consumer confidence surged in March, which added to the effect of statements from Federal Reserve officials on Monday.

US Dollar Tumbles on Mixed Economic Releases as Markets Await Trump Speech

The US dollar today declined against its main rivals even as economic releases indicated that durable goods orders rose, while core orders declined. The pending home sales for January declined, while the Dallas Fed Manufacturing Business Index rose. However, the positive economic releases could not boost the US dollar as investors remained cautious awaiting Trump’s speech.

CAD Loses to USD as Data Suggests Stimulus Reduction Possible

The Canadian dollar continued to fall against its US counterpart today as macroeconomic data suggested that the Federal Reserve will be able to tamper its stimulus program. The currency was a little higher versus the euro and flat against the Japanese yen.

Greenback Gets a Boost on Eurozone Uncertainty

US dollar is heading higher today, finding support as uncertainty about the eurozone weighs on the 17-nation currency and sends Forex traders looking for a little stability.

Euro Heads Lower as Focus Moves Off Greece to the Wider Eurozone

Even though eurozone leaders have agreed to a Greek deal, problems remain in the wider eurozone. With focus returning to the long-term for the entire currency region, the euro is heading lower right now.