Federal Reserve Bank of New York — News Archive


Euro Drops to Multi-Year Lows on Weak German ZEW Survey Data

The euro today fell against the US dollar during the European session following the release of weak German ZEW survey data early in the session. The EUR/USD currency pair traded at 34-month lows as the coronavirus headlines continue to dampen investor risk appetite.

Euro Falls As Fed Reassures Markets of Its Less-Dovish Stance

The euro today fell aggressively against the US dollar reversing most of yesterday’s gains after the New York Federal Reserve rushed to clarify dovish comments made by its President John Williams. The EUR/USD currency pair was also pressured by the weak German producer data released earlier today as well as the resurgent greenback.

Euro Rallies Against US Dollar Despite Positive US Retail Sales Data

The euro today rallied higher against the US dollar despite the release of positive US advance retail sales data in the early American session. The single currency was on an uptrend against the greenback from the early European session following a resurgence in the selling pressure on the greenback.

US Dollar Rallies Higher Against Peers on Positive Advance Retail Sales

The US dollar today rallied higher against its main peers including the British pound and the Japanese yen after the release of positive US advance retail sales data. The greenback’s rally was also supported by the positive New York Empire State Manufacturing Index, which also exceeded expectations.

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 Gains Against Euro After Upbeat Comments from Fed’s Dudley

The EUR/USD today hit new lows after upbeat comments from the New York Fed’s William Dudley during the North American session reignited buying interest in the US dollar. The currency pair was consolidating in a tight trading range for most of today’s session, but Dudley’s comments caused the US dollar to gain against the euro.

US Dollar Advances on Positive Manufacturing Data and Hawkish Interest Rates Outlook

The US dollar climbed versus the euro and the Japanese yen on Thursday, as sentiments toward the near future outlook for US interest rates improved following hawkish signals from the Federal Reserve yesterday. Positive manufacturing data in the United States eased concerns about the health of the economy, which further supported the greenback today.

US Dollar Weakens Against Commodity Currencies as Oil Prices Surge

The US dollar weakened against the euro and a group of commodity currencies on Monday, as oil prices surged following reports of an extension for a deal that reduces oil output of major producers. Demand for the greenback was muted today as traders anticipate major data releases later this week, including the number of building permits in April and a new report on manufacturing activity in Philadelphia this month.

US Dollar Declines Against Euro as Anticipation Grows for Yellen Speech

The US dollar weakened against the euro and the British pound on Monday, as investors speculated the future road of monetary policy in the United States. Comments from New York Federal Reserve President William Dudley on Friday offered a dovish position on future interest rate hikes ahead of a speech by Federal Reserve Chairwoman Janet Yellen today.

US Dollar Steadies on Dovish Comments from Federal Reserve Official

The US dollar was little changed against the euro on Friday, as dovish comments from an official in the Federal Reserve prevented the greenback from moving higher. Economic data in the United States today lacked enough strength to support the US currency as it declined against the British pound and the Japanese yen.