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Dollar Maintains Its Gains Against Yen on Interest Policy Forecasts

The US dollar strengthened against the yen as it boosted the gains it made over the past three days on bets that the Federal Reserve will raise its interest rates, increasing traders’ appetite for the currency.

US Dollar Mixed as Fed December Meeting Remains in Spotlight

The US dollar was mixed today as Forex market participants continued to speculate about whether the Federal Reserve is going to hike interest rates in December or not.

Dollar Rallies Against Rivals During Friday’s Trading

The US dollar was flat against the Japanese yen but rallied against other most-traded currencies during the Friday’s trading session. The major reason for the currency’s strength remained the outlook for an interest rate hike in December.

US Dollar Loses Ground to Yen Amid Depressing Housing Starts Data

The US dollar appeared bearish against the Japanese yen after the US Census Bureau published the housing starts data, which came out at 1.05 million against the forecast of around 1.18 million. Housing starts represent the annualized number of residential buildings that initiated construction work during the previous month. It has a direct impact on the overall US economy because housing construction creates demand for a number of products and services. Although […]

Uninspiring Economic Data Causes the USD to Lose Its Footing

The greenback lost its footing in response to unimpressive economy data this morning after the Federal Reserve of New York reported that its Empire State Manufacturing Index was down by 6.80 points in October. The Index was down 1.99 points in September, and the consensus economists’ estimate was that the Index would gain 1.00 points this month. The newly released data on US industrial production has also casted dark […]

Dollar Logs Big Weekly Gains as Fed Suggests Tightening Soon

The US dollar demonstrated an impressive rally during the past trading week. The currency continued to get support from the outlook for monetary tightening from the Federal Reserve and positive macroeconomic data.

Dollar Rallies as Data Feeds Outlook for Interest Rate Hike

The US dollar rallied today as economic data release from the United States over the trading session was good so far, improving chances for an interest rate hike from the Federal Reserve in December.

US Dollar Ends Week with Gains Despite Weak NFP

The US dollar ended the week with gains against other most-traded currencies even as economic data released from the United States over the week was disappointing. The greenback even gained against the Canadian dollar which should have been supported by Canada’s amazing jobs data.

Dollar Strong Ahead of Non-Farm Payrolls

The US dollar continued to dominate the Forex market today, rising against its major peers, as traders continued to speculate about the possibility of an interest rate hike in December.

Dollar Trades Flat During Wednesday

The US dollar was little changed against the basket of major currencies during Wednesday’s trading as clashing economic reports did not allow the currency to establish a clear trend.

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