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Canadian Dollar Ends Week Strongest amid Interest Rate Hike Speculations

The Forex market was largely driven by central banks’ meeting during the past trading week. Yet the Canadian dollar had its own bullish factor that allowed it to ignore other news for the most part and to become the strongest major currency by the weekend (though other commodity currencies were strong as well).



Loonie Drops vs. Greenback, Gains on Other Rivals

The Canadian dollar fell against its US counterpart today due to the hawkish stance of the Federal Reserve and positive US macroeconomic data. The loonie fared far better against other most-traded currencies.



US Dollar Advances on Positive Manufacturing Data and Hawkish Interest Rates Outlook

The US dollar climbed versus the euro and the Japanese yen on Thursday, as sentiments toward the near future outlook for US interest rates improved following hawkish signals from the Federal Reserve yesterday. Positive manufacturing data in the United States eased concerns about the health of the economy, which further supported the greenback today.



US Dollar Plunges as Retail Sales and Inflation Data Signals Economic Weakness

The US dollar plunged against the euro, the British pound, and other major currencies on Wednesday, following a stream of lackluster data that signaled a weaker economy than analysts expected. Disappointing inflation and retail sales numbers today reduced optimism between traders ahead of manufacturing and housing data later this week.



US Dollar Moves Lower Against Major Peers Ahead of Fed Meeting

The US dollar declined against a basket of other major currencies on Monday to begin the week on a negative note. Tomorrow, the Federal Open Market Committee is set to begin a monetary policy meeting that will last two days, which reduced traders’ appetite for risk and pushed the Japanese yen higher against the greenback.



US Dollar Weakens Against Some of Its Main Peers on Soft US Data

The US dollar as tracked by the US Dollar index weakened against its main peers today after the release of weak US macro data. The greenback ignored the poor non-farm payrolls released on Friday by starting the week on an upward trend before retracing some of its gains after the release of disappointing US ISM services data.



US Dollar Drops Against Euro Despite Steady Interest Rates Outlook

The US Dollar dropped against the euro and other major currencies on Wednesday even as traders remained optimistic about an interest rate hike from the Federal Reserve in June. The Federal Open Market Committee will begin a meeting that will last two days on June 13 to review the US economic conditions and possibly raise interest rates.



US Dollar Declines amid Unimpressive Economic Releases and Rising Global Woes

The US dollar weakened against the Japanese yen on Tuesday as traders grew more cautious due to increasing political uncertainty in Europe, which raised demand for assets perceived as safe havens. The greenback also declined against the euro and the British pound following the release of lackluster data in the United States.



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.



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