United States — News Archive

The stock market crashed this week and the US dollar followed. While the greenback recovered somewhat by the weekend, the US currency ended the week among losers.

The US dollar rallied today against most of its major peers, breaking the three-day long streak of losses. The greenback has lost its gains against the Japanese yen by now but kept them against other rivals.

The US dollar ended the week as one of the strongest currencies on the Forex market, though the Great Britain pound outperformed the greenback. The Canadian dollar was also strong, while other commodity currencies were weak.

The US dollar showed volatile reaction to nonfarm payrolls, sinking after the release but rebounding almost immediately afterwards. That should not be a surprise considering that the report was very mixed. Currently, the greenback reversed its movement yet again and went lower.

The US dollar is continuing to post incredible gains against several currencies on Thursday after an impressive week of domestic economic data and global developments. The greenback will now look ahead to the September jobs report on Friday, which is expected to come in strong.

The US dollar ended the trading week strong thanks to the hawkish policy statement of the Federal Reserve. But the strongest currency was the Canadian dollar due to the better-than-expected economic growth. The euro was weak, dragged down by the Italian budget.

The US dollar was little changed today, though rose versus most European currencies as markets were waiting for the monetary policy decision of the Federal Reserve and accompanying forecasts that should reveal Fed’s outlook for the future.

The US dollar erased its early gains and extended its two-week losing skid on Monday. As investors braced for the Federal Reserve’s two-day policy meeting and read reports that China canceled trade talks with the US, the greenback dipped against a basket of currencies.

The US dollar ended the week mostly soft despite escalation of the US-China trade conflict. Markets largely brushed off the news, and traders showed more interest in riskier higher-beta currencies instead of safer ones.

The US dollar ended the week broadly weaker against its most-traded rivals as the positive market sentiment and disappointing macroeconomic data made the currency less attractive to investors.