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US Dollar Declines Despite Strong Housing Numbers

The US dollar weakened against a basket of its major peers on Tuesday, as traders anticipated a monetary policy decision from the Federal Reserve that will be released on Wednesday. The greenback failed to harness enough strength from solid gains in the real estate market, as the spotlight remained on possible hints of future interest rates tomorrow.

US Dollar Rises Against Most Major Peers Ahead of Federal Reserve Meeting

The US dollar rose against most of its major counterparts on Monday to begin the week on a positive note, as traders anticipated the outcome of the latest Federal Reserve meeting. However, solid inflation data in the eurozone pushed the euro higher against the greenback.

US Dollar Drops Against Major Peers as Retail Sales Fail to Meet Estimates

The US dollar fell against the euro and other major currencies on Friday as retail sales in the United States unexpectedly declined last month. The retail sales drop was the first since June, which pushed an index that tracks the greenback to the weakest level in about a week.

US Dollar Rises Against Major Peers as Businesses Look for More Employees

The US dollar rose against the euro and the Japanese yen on Tuesday as employers in the United States looked for more workers than expected in July. However, the greenback was weaker against the British pound as strong inflation data in the United Kingdom supported the cable.

British Pound Rallies Against US Dollar Despite Weak UK PMI Data

The British pound today rallied to new highs against the US dollar despite the release of weak Markit/CIPS UK services PMI data. The cable rallied much higher after the release of disappointing US durable goods orders early in the North American session.

US Shrugs Off Impact of Disappointing Nonfarm Payrolls

The US dollar dipped after the released of worse-than-expected nonfarm payrolls but reversed its losses quickly, bouncing against the euro. The greenback also gained on some other most-traded rivals, though not all of them.

EUR/USD Hits New Two-Year Highs on Weak US Dollar

The EUR/USD currency pair today hit a 31-month high during the North American session after the release of disappointing US advance goods trade balance data. The currency pair’s rally started on Friday after Janet Yellen‘s and Mario Draghi‘s speeches at the Jackson Hole symposium, which triggered the euro’s rally against the greenback.

US Dollar Plummets as Janet Yellen Rejects Trump Agenda for Financial Regulations

The US dollar plummeted against all other major currencies on Friday after a speech by Federal Reserve Chairwoman Janet Yellen that raised uncertainty toward near future monetary policy. Her speech also raised concerns that the Trump administration may have a hard time bring the president’s promises into reality.

US Dollar Trades Sideways Against Euro on Positive Jobless Claims Data

The US dollar today traded sideways against the euro after the release of positive jobless claims data amid an empty European docket. The US dollar exhibited some strength against the single currency immediately after the release of the jobless claims data, but later gave up some of its gains to create a sideways trend.

US Dollar Edges Lower as Political Tensions Reduce Appetite for Risk

The US dollar moved lower against the euro on Monday amidst light trading, as traders’ appetite for the greenback weakened due to growing political tensions in the United States. The US currency also dropped against Canada’s dollar, despite lower Canadian wholesale sales than expected in June.

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