Federal Reserve Bank of St. Louis — News Archive

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Loonie Rallies on Upbeat Retail Sales Data, Limited by Strong Dollar

The Canadian dollar today rallied against its American counterpart following the release of upbeat Canadian retail sales data for June, but the rally was short-lived. The USD/CAD currency pair today extended its gains from yesterday as the US dollar proved to be much stronger against the loonie driven by several factors including the less-dovish Fed minutes.

US Dollar Rebounds on Comments of Fed Chair Powell

The US dollar gained against its most-traded rivals today following yesterday’s losses caused by dovish monetary policy minutes released by the Federal Reserve. Market analysts explained the rebound by comments from Fed Chairman Jerome Powell.

US Dollar Gains on Friday, Still Vulnerable

The US dollar rose against its major rivals, with the exception of the Great Britain pound, on Friday. But fundamentally the currency remained very vulnerable.

US Dollar Flounders as PMI Readings Fall Short of Estimate

The US dollar tumbled against major rivals on Friday following the release of lackluster manufacturing activity data and weak new home sales. Traders’ appetite for the greenback was also affected by anticipation for speeches of Federal Reserve officials today and US inflation data next week.

GBP/USD Rallies Higher Boosted by Dovish Comments from Bullard

The GBP/USD currency pair rallied higher today after dovish comments from James Bullard, President of the Federal Reserve Bank of St. Louis, during the early North American session. The currency pair was on an upward trend for most of the European session following the release of positive CBI trends total orders earlier today.

Dollar Falls vs. Euro on Stimulus Speculations

The US dollar fell against the euro today on speculations that the Federal Reserve will maintain its stimulus program. The currency edged higher versus the Great Britain pound and the Japanese yen.

Australian Dollar Gains as Fed Considers Dropping of Monetary Easing

The Australian dollar rose, erasing its previous losses, as stocks gained and prices for raw materials increased as market sentiment gradually turns to risk appetite and on the speculation that the Federal Reserve may reduce stimulus for the US economy.

Aussie & Kiwi Retreat as Fed Considers Removing Stimulus

The New Zealand dollar fell and the Australian dollar reversed its upward trend versus the US dollar today on the speculation that the Federal Reserve may end its asset-purchasing program, reducing amount supply of the US currency.

Dollar Weakens vs. Yen & Pound on GDP & Confidence Reports

The US dollar fell against the Japanese yen today to the lowest level since November 2009 after the economic report suggested that the US economic growth slows, decreasing the appeal of the US currency.

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