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US Dollar Hurt by Philly Fed Manufacturing Index, Buoyed by Jobless Claims

The US dollar is trading downwards one day after the Federal Reserve left interest rates unchanged, but the central bank leaving the door open to a future rate cut should the data support a move might be driving down the dollar. The greenback declined more on the Philadelphia Federal Reserve Bank manufacturing survey, though its descent was capped by lower-than-expected jobless claims.

US Dollar Mixed on Dovish, Optimistic Federal Reserve

The US dollar was mixed against its major rivals midweek as analysts and investors are trying to make heads and tails of the Federal Reserve‘s latest policy announcement. The US central bank left interest rates unchanged, but it confirmed that it will “closely monitor” the numbers to determine if rates need to be lowered. Despite the dovish signals, Fed officials are still optimistic about the US economy, sticking […]

US Dollar Mixed on Widening Trade Deficit, Higher Initial Jobless Claims

The US dollar is mixed against a basket of currencies on Thursday as data has been both good and bad for the world’s largest economy. With the US-China trade war seemingly worsening, investors have been clamoring for some excellent data to offset the lackluster development in trade talks.

US Dollar Strengthens on Initial Jobless Claims, Fed Minutes

The US dollar is strengthening against a few currencies at the end of the trading week, buoyed by another decline in initial jobless claims and a central bank that is unlikely to do anything on interest rates. But disappointing housing numbers put a cap on the buck’s ascent.

Euro Falls to 9-Day Lows on Trade Concerns and Positive US Data

The euro today fell to 9-day lows against the US dollar in the American session following the release of upbeat US data and a rally in US equity markets. The EUR/USD currency pair attempted to rally earlier today following upbeat trade headlines regarding the eurozone, but the rally quickly fizzled out.

Euro Rallies on US Dollar Selloff Ignoring Trade Jitters, Later Drops

The euro today spiked to new weekly highs against the US dollar in the early American session as the greenback dropped significantly against its peers. The EUR/USD currency pair later retraced some of its gains, but remained in positive territory as high-level US-China trade talks resumed.

British Pound Drops Despite Balanced BoE Interest Rate Decision

The British pound today fell against the US dollar after the Bank of England left its monetary policy unchanged and exhibited confidence in Britain’s economy. The GBP/USD currency pair had rallied higher earlier today amid rumors that Theresa May was willing to relax her tough stand on a customs union with the EU in order to get her Brexit deal done.

Euro Near 22-Month Lows as the Eurozone Economy Slows Down

The euro today traded near 22-month lows against the US dollar as investors remained worried about the state of most euro area economies. The lack of releases from the eurozone docket also contributed to the EUR/USD currency pair’s decline amid mixed releases from the US docket.

Pound Falls Against US Dollar on Brexit Uncertainty, Later Recovers

The British pound today fell against the US dollar driven by uncertainty regarding Theresa May‘s leadership amid rumors that she could face a leadership challenge. The GBP/USD currency pair later recovered after it emerged that the Prime Minister was safe from an internal leadership contest, which reassured investors.

US Dollar Surges on Strong Retail Sales, Jobless Claims

The US dollar posted gains against some of its most traded currency rivals on Thursday, buoyed by strong data supporting claims that the US economy is doing rather well. This comes as the nation keeps all its eyes on the findings from special counsel Robert Mueller’s two-year investigation into collusion between President Donald Trump and Russia.

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