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Malaysian Ringgit Gains Following Oil Production Cuts Extension

The Malaysian ringgit logged gains today following the announcement of an oil production cuts extension from the members of the Organization of Petroleum Exporting Countries and some non-OPEC producers, including Russia.

US Dollar Declines as FOMC Minutes Offer Dovish Interest Rates Outlook

The US dollar gave up some of its earlier gains on Wednesday to decline against other major currencies following the release of the Federal Open Market Committee’s latest meeting minutes. The greenback, which had suffered against the euro in recent sessions amid political risks in the United States, returned to fall against the shared currency despite initial gains today due to the dovish outlook offered by the minutes.

Canadian Dollar Jumps as BoC Statement Doesn’t Show Dovishness

The Canadian dollar jumped following the monetary policy meeting of the Bank of Canada as the central bank’s statement turned out to be not as dovish as market participants were expecting.

US Dollar Weakens as Traders Remain Concerned About Political Instability

The US dollar weakened against a basket of its major counterparts on Monday as political woes continued to loom over the market, which reduced demand for the greenback. A cautious trading mood ahead of major data releases this week drove an index of the strength of the US currency to its lowest level since October 2016.

US Politics Lead to Awful Week for Dollar

The US dollar has ended the week as the weakest major currency as controversies surrounding US President Donald Trump erased the appeal of the currency to investors, driving the greenback to the lowest level since he became a president.

Politics Continue to Damage Appeal of US Dollar

The US dollar continued to fall today as controversies surrounding US President Donald Trump made the currency unappealing to investors, making it erase all gains caused by optimism about Trump’s presidency and his planned fiscal reforms back when he was elected. The greenback was especially vulnerable against safe haven currencies like the Swiss franc and the Japanese yen.

US Dollar Touches Highest Level in 3 Weeks Against Euro Before Giving up Gains

The US dollar advanced to the strongest level in 3 weeks against the euro on Thursday as traders felt more confident about the outlook of the US economic growth. Data released earlier today painted a positive image of the economy, which improved expectations of an interest rate hike from the Federal Reserve in June.

US Dollar Rallies Slightly Higher, but Still Under Increased Selling Pressure

The US dollar today rallied higher during the North American session despite the increased selling pressure on the currency, according to the latest CFTC report. The selling pressure on the greenback stems from last week when the currency did not post any improvements, despite the positive nonfarm payrolls. The greenback’s performance, as tracked by the US Dollar Index, was lacklustre during the European session but improved drastically during the American session as the Index hit […]

Great Britain Pound Waits for Super Thursday

The calendar of macroeconomic reports for Great Britain is almost empty this week with one major exception – Thursday. Almost all economic indicators scheduled for this week will be released on that day, thus the nickname “Super Thursday.” Of course, it should be very important for the performance of the Great Britain pound.

Dollar Soft Despite Week of Good Fundamentals

As was expected, this trading week provided plenty of news important for the US dollar. But while fundamentals looks good, the greenback was not particularly strong, ending the week lower against many most-traded counterparts.

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