Federal Reserve — News Archive


US Dollar Rises Against Major Rivals Following Trump and Abe Meeting

The US Dollar climbed against its major peers on Monday, after a meeting between US President Donald Trump and Japan’s Prime Minister Shinzo Abe went smoothly over the weekend. The meeting did not yield any results that relate to the monetary policies of both nations.

Canadian Dollar Touches Lowest Level in Two Weeks as US Dollar Surges

The Canadian dollar dropped against the US counterpart on Tuesday to touch its lowest in two weeks, as oil prices moved lower and the greenback gained strength. Prices of crude oil, one of Canada’s main exports, declined due to concerns towards rising production levels in the United States.

US Dollar Edges Lower as Uncertainty Towards Trump Looms

The US dollar moved lower against major rivals on Thursday, pushing an index that tracks the currency’s strength to its lowest level since November 2016. The greenback weakened as the Federal Reserve’s dovish tone in its latest policy statement signaled that no interest rate hike would happen in March.

US Dollar Rebounds as Hiring from Private Sector Exceeds Expectations

The US dollar strengthened on Wednesday, after touching its lowest level in two months on Tuesday, as employment from the private sector in the United States improved.

US Dollar Remains Weak, Dollar Bulls Remain Optimistic

The US dollar remained relatively soft during the past trading week, but there are still plenty of dollar bulls who believe that the currency’s fall is just a correction in a long-term bullish trend.

US Dollar Heads Higher as Donald Trump Takes Office

The US dollar climbed against its major rivals on Friday to erase some of its losses earlier in the day, as investors anticipated Donald Trump’s presidential inauguration. The president-elect will give a speech during his inauguration, which could contain hints of his plans for the US economy.

US Dollar Rises on Strong Housing Starts and Jobless Claims Data

The US dollar climbed higher against its major peers on Thursday as data in the United States reflected a strong picture of the economic growth. The US currency had its biggest gains today against the euro after the European Central Bank maintained its monetary stimulus.

US Dollar Edges Higher as CPI Data Reveals Stronger Inflation

The US dollar had a small recovery on Wednesday from its losses yesterday. The greenback attempted, with limited success, to find upward momentum, a day after President-elect Donald Trump said the US currency is too strong.

US Dollar Drops as Donald Trump Says the Currency Is Too Strong

The US dollar experienced a sharp decline against its major peers on Tuesday, after US President-elect Donald Trump spoke against the strength of the nation’s currency. The British pound was the biggest gainer against the US dollar.

US Dollar Recovers Briefly Boosted by Retail Sales Data for December

The release of positive retail sales data for the month of December boosted the performance of the US dollar against major currencies before the gains were erased. The US dollar rose briefly after the US Commerce Department released data regarding consumption during the month of December.