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EUR/USD Stays Put Despite ECB QE Tapering Rumors

The EUR/USD currency pair today remained unchanged despite market rumors that the European Central Bank President, Mario Draghi, would include QE tapering in his Jackson Hole meeting next month. Janet Yellen‘s dovish comments during her two-day Humphrey-Hawkins testimony before Congress had a negative impact on the US dollar, which has been largely weaker against the euro in today’s session.



US Dollar Weakens After Janet Yellen Testifies

The US dollar fell versus its major peers (though not against the extremely weak euro) after Federal Reserve Chairwoman Janet Yellen testified before the House Financial Services Committee today.



Canadian Dollar Rallies Against US Dollar After BoC Rate Hike

The Canadian dollar today rallied higher against the US dollar after the Bank of Canada hiked its overnight lending rate by 25 bps meeting market consensus. The weaker US dollar also contributed to the USD/CAD pair’s decline as markets reacted negatively to Janet Yellen‘s testimony before Congress.



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 Plummets Against Euro to Lowest Level Since August Despite Positive Data

The US dollar plummeted against the euro to the lowest level since August 2016, despite a strong reading for consumer confidence that was published earlier today. Traders’ appetite for the greenback deteriorated in the wake of a speech by European Central Bank President Mario Draghi, which raised confidence in the euro zone’s economic recovery and supported the shared currency.



US Dollar Drops Against Euro as Disappointing Economic Release Kicks off Busy Data Week

The US dollar fell against the euro and the Canadian dollar on Monday, to begin a week busy with major economic releases on a negative note. The greenback weakened in the wake of a disappointing reading for the growth of durable goods orders today, which further signaled a loss of economic momentum that weighed on the US dollar in recent weeks.



Hawkish Monetary Policy Outlook Doesn’t Help Sterling

The outlook for monetary policies of central banks around the world were one of the main driving factors for the Forex market this week. But while the outlook for Bank of England monetary policy became more hawkish, it was not enough to support the Great Britain pound.



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.



US Dollar Trades Within Tight Range Versus Euro Despite Strong Housing Data

The US dollar traded within a tight range against the euro on Wednesday following strong gains earlier this week that were stoked by an improved outlook for higher interest rates in the United States. The greenback edged slightly lower against the shared currency today to erase a gain that followed the release of solid existing home sales this afternoon.



GBP/USD Tumbles to New Lows After Dovish Comments from Mark Carney

The GBP/USD currency pair today tumbled to new lows last witnessed in April due to dovish comments from Bank of England Governor, Mark Carney. The currency pair hit the new lows during the North American session after hawkish comments from FOMC members such as Eric Rosengren.



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