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US Dollar Climbs Against Main Peers on Solid Consumer Confidence Data

The US dollar climbed against a basket of its major peers on Tuesday, as focus shifted from the withdrawal of the Republican healthcare bill to strong economic data. An index of consumer confidence surged in March, which added to the effect of statements from Federal Reserve officials on Monday.

US Dollar Weak as Trump Fails to Repeal Obamacare

The US dollar was broadly weak during Monday’s trading session after US President Donald Trump suffered a major defeat on Friday, failing to dismantle the Obamacare. The greenback was trading near the lowest level since November against such currencies like the euro and the Swiss franc.

US Dollar Gives up Early Gains on Disappointing Data, Healthcare Vote Withdrawn

The US dollar declined against most of its main counterparts on Friday, even after the greenback rose earlier in the session to its strongest level in 3 days. The decline followed the withdrawal of the highly anticipated Republican healthcare bill from the House of Representatives before a vote that would have decided its future.

US Dollar Maintains Losses Ahead of GOP Healthcare Plan Vote

The US dollar maintained most of the recent losses it had against major counterparts on Thursday, as investors held their positions in anticipation for a vote that decides the future of the GOP Healthcare plan.

US Dollar Weakens as Doubts Grow Against Trump Tax and Spending Plans

The US dollar weakened on Wednesday against the euro and the British pound, and touched its lowest level against the Japanese yen in four months. Doubts grew between investors toward the promises of President Donald Trump to cut corporate taxes and raise infrastructure spending, which have weighed on the greenback.

US Dollar Demonstrates Mild Recovery During the American Session

The US dollar today demonstrated a mild recovery against its main peers during the early North American session boosted by the stronger US Dollar Index. The US Dollar today demonstrated a recovery trend against the euro and the Japanese yen initiating a brief pause in the selling pressure that has plagued the currency since last week.

US Dollar Trades near Lowest Level in More Than a Month

An index that tracks the strength of the US dollar traded on Friday near its lowest level since February 6, even as the greenback recovered some of its losses against the euro and the Canadian dollar today. Investors paid little attention to mixed data in the United States today, as anticipation built up for a meeting between the finance ministers of the Group of Twenty.

USD/JPY Declines After Release of US Consumer Confidence data

The USD/JPY currency pair today declined significantly after the release of the University of Michigan preliminary consumer confidence index, which indicated that the headline index had beat expectations. Despite the strong data from the US, the US dollar continued to perform poorly against the Japanese yen for the better part of the day.

US Dollar Maintains Losses Despite Higher Interest Rates from Federal Reserve

The US dollar maintained its losses for the second day on Thursday, after a surprising drop against most of its major peers yesterday following an interest rate hike from the Federal Reserve. A number of economic releases revealed mixed data today, which forced the greenback to trade within a tight range.

USD/CAD Demonstrates Bearish Trend Ahead of FOMC Rate Decision

The USD/CAD currency pair today traded with a bearish trend despite the release of positive Consumer Price Index data and advance retail sales data from the US docket. The Canadian dollar’s rally was largely sustained by the higher crude oil prices in the global commodities market with the WTI crude oil gaining at least 1.5% earlier today.

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