United States — News Archive


US Dollar Rallies as Markets Prepare for Fed Hike

The US dollar gained against other most-traded currencies today as market participants were preparing for tomorrow’s policy announcement from the Federal Reserve.

Dollar Receives Support from Fed Policy Outlook & Economic Data

The US dollar gained against the basket of major currencies today (though fell versus the Japanese yen) amid speculations that the Federal Reserve is going to raise interest rates next week. Positive macroeconomic data also provided support to the US currency.

US Dollar Demonstrates Decent Weekly Performance

The past trading week was marked by risk aversion caused by prospects for trade wars between the United States and its trading partners. While it weighed on the US dollar, the greenback’s performance was not that bad considering the circumstances as the US currency ended the week the third strongest among majors.

US Dollar Weakens on US Trade Tariffs & Jerome Powell Testimony

The US dollar was moving up during the Thursday trading session but has lost its gains against basically all of its most-traded peers. There were two likely reasons for that: the announcement of US import tariffs and disappointment in the second testimony of the new Federal Reserve leader Jerome Powell.

US Dollar Extends Rebound Ahead of FOMC Minutes

The US dollar extended its bounce after last week’s sell-off, rising today against most of its major rivals, though not the Great Britain pound.

US Dollar Rallies Briefly Against Peers on Upbeat US Inflation Data

The US dollar today rallied briefly against a basket of its peers as tracked by the US Dollar Index, after the release of strong US inflation data. The greenback’s rally was negatively affected by the weak retail sales data for December released early in the American session.

Dollar Soft Ahead of Inflation Data Released on Wednesday

The US dollar retreated versus its most-traded peers today as market participants were waiting for Wednesday’s important economic reports from the United States, including inflation data. Information about growth of consumer prices can affect the pace of monetary tightening by the Federal Reserve.

US Dollar Climbs Against Major Peers on Broad Job Gains in January

After spending most of the day trading sideways, the US dollar quickly climbed higher against most of its major peers on Friday following the latest update to jobs gain. Broad gains in the private sector and a record low unemployment rate provided the greenback with enough lift to break away from stale trading to erase most of the losses it had suffered yesterday.

US Dollar Plummets As Anticipation Builds Up for Interest Rate Decision

The US dollar plummeted against the euro to reach its lowest level in four days as traders held their positions while they wait to see the outcome of the Federal Open Market Committee‘s meeting. The greenback also weakened versus the British pound today following a strong reading for UK consumer credit in December, which overshadowed worries about the future of the Brexit negotiations.

Dollar Remains Extremely Vulnerable, Falls vs. Major Rivals Over Week

The theme of a weak US dollar continued to dominate the Forex market this week as the currency remained vulnerable due to a range of factors.