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Trump Worries Hit Dollar Yet Again

The US dollar was trading broadly lower today after US President Donald Trump appeared in the center of yet another scandal. Mixed macroeconomic indicators were of little help to the besieged currency.

US Dollar Weakens Against Commodity Currencies as Oil Prices Surge

The US dollar weakened against the euro and a group of commodity currencies on Monday, as oil prices surged following reports of an extension for a deal that reduces oil output of major producers. Demand for the greenback was muted today as traders anticipate major data releases later this week, including the number of building permits in April and a new report on manufacturing activity in Philadelphia this month.

US Dollar Retreats as Weak CPI Data Overshadows Gains in Consumer Sentiment

The US dollar plummeted on Friday against the euro, the Japanese yen, and other major currencies following the release of disappointing CPI and retail sales data. The greenback failed to harness enough support from a small gain in consumer sentiment in May, which left it exposed to a steeper loss against the shared currency.

US Dollar Touches Highest Level in 3 Weeks Against Euro Before Giving up Gains

The US dollar advanced to the strongest level in 3 weeks against the euro on Thursday as traders felt more confident about the outlook of the US economic growth. Data released earlier today painted a positive image of the economy, which improved expectations of an interest rate hike from the Federal Reserve in June.

US Dollar Climbs Against Most Major Peers on Positive Interest Rates Outlook

The US dollar rose against a basket of its major peers on Tuesday as traders embraced more risk amid improved near future outlook for the US monetary policy. A number of speeches from officials of the Federal Reserve gave out strong signals for higher interest rates when the US central bank holds its next meeting on June 13.

US Dollar Rallies Slightly Higher, but Still Under Increased Selling Pressure

The US dollar today rallied higher during the North American session despite the increased selling pressure on the currency, according to the latest CFTC report. The selling pressure on the greenback stems from last week when the currency did not post any improvements, despite the positive nonfarm payrolls. The greenback’s performance, as tracked by the US Dollar Index, was lacklustre during the European session but improved drastically during the American session as the Index hit […]

Dollar Soft Despite Week of Good Fundamentals

As was expected, this trading week provided plenty of news important for the US dollar. But while fundamentals looks good, the greenback was not particularly strong, ending the week lower against many most-traded counterparts.

US Dollar Posts Mixed Results on Positive Non-Farm Payrolls Data

The US dollar today displayed mixed reactions to the positive non-farm payrolls as it weakened against some of its peers while rallying against others. Immediately after the release of the non-farm payrolls by the Bureau of Labor Statistics, the US dollar strengthened against the Japanese yen, but demonstrated weakness against the euro.

US Dollar Climbs Versus Major Peers on Robust Labor Market Data

The US dollar traded higher against a basket of its main counterparts on Wednesday as bullish economic data, which showed better conditions than expected in the labor market, raised optimism between traders. The greenback rose despite anticipation for a monetary policy decision that is due to be released later today.

US Dollar Climbs Against Japanese Yen on Higher Appetite for Risk

The US dollar rose against the Japanese yen on Tuesday to touch its highest level since March 21. The greenback became stronger against the yen as traders’ appetite for risk grew ahead of a Federal Reserve’s meeting that will decide the latest monetary policy move from the central bank.

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