Federal Reserve — News Archive


Dollar’s Performance Lukewarm During Trading Week

The US dollar demonstrated a tepid performance during the past trading week, rising against the euro, falling versus the Japanese yen, and the week close to the opening level against most other major currencies.

Canadian Dollar Rises Against US Peer Ahead of Consumer Price Index Data

The Canadian dollar rose against its US counterpart on Thursday, as traders anticipate the release of the Canadian consumer price index data tomorrow. Another release from the US Federal Reserve on Wednesday contained no strong signals for an interest rate hike in March, which left the greenback unsupported today.

Canadian Dollar Falls, Trims Losses After Fed Minutes

The Canadian dollar fell on Wednesday due to the drop of crude oil prices and unfavorable domestic macroeconomic data. The currency managed to trim its losses after the release of policy minutes from the Federal Reserve.

British Pound Drops Against US Dollar Despite Positive Revision for UK GDP

The British pound dropped against its US counterpart on Wednesday, even as the gross domestic product growth in the United Kingdom during the last quarter of 2016 was revised higher. Demand for the US dollar was higher today following the release of the minutes of the Federal Reserve’s latest policy meeting, which signaled that interest rates could be raised soon.

Japanese Yen Gains as Kuroda Says No More Interest Rate Cuts

The Japanese yen rose today, reaching the highest level since November 29 against the euro, after Bank of Japan Governor Haruhiko Kuroda signaled that he does not plan cutting interest rates deeper into the negative territory.

US Dollar Climbs as Comments from Fed Official Increase Expectations for Raising Rates

The US dollar rose against its major counterparts on Tuesday, after a Federal Reserve official made comments that increased US Treasury yields and supported the US Currency.

Japanese Yen Rises Against Dollar Despite Strong US Economic Data

The Japanese yen rose against its US rival on Friday to extend its gains for the third day in a row, as strong economic data in the United States failed to support the nation’s currency. The yen is set to end the week at its strongest level since February 9.

US Dollar Loses Wednesday’s Gains as Economic Data Turns to Worse

The US dollar rallied intraday on Wednesday thanks to positive economic reports released from the United States but lost its gains after US data turned to worse. The currency is trading flat against some rivals and lower against others as of now.

Canadian Dollar Erases Earlier Losses Against US Peer Following Manufacturing Data

The Canadian dollar moved slightly lower on Wednesday against the US dollar and the euro. The Canadian currency erased most of its earlier losses following strong manufacturing sales data in Canada.

US Dollar Rallies as Yellen Hints at a More Hawkish Fed Outlook

The US dollar rallied against its major competitors today triggered by the hawkish tone taken by the Fed chairperson, Janet Yellen, during her testimony before the Senate Banking Committee. The Fed chair spoke clearly in favor of hiking rates multiple times this year saying that it would be unwise for the Federal Reserve to wait too long before raising rates to accommodate inflation.