University of Michigan — News Archive

    Archives

US Dollar Rallies As Market Turmoil Spurs Safe-Haven Demand

The US dollar is rallying against several major currency rivals at the end of the trading week, driven by the financial market turmoil that has spurred safe-haven demand for the greenback. While the global coronavirus outbreak has dominated the business headlines, positive economic data is adding to the buck’s gains on Friday.

US Dollar Slips on Mixed Data, Coronavirus Uncertainty

The US dollar is falling against multiple currency competitors to finish the trading week. The greenback could not find a concrete direction on Friday as the key economic reports were mixed. There is still a great deal of uncertainty in global financial markets surrounding the coronavirus, which was recently named Covid-19 by the World Health Organization (WHO). Despite the hiccup at the end of the trading week, the US dollar is still having an incredible start […]

Euro Rallies Against the Dollar Ignores Weak Eurozone GDP Data

The euro today rallied to new weekly highs against the US dollar despite multiple disappointing macro reports from across the euro area. The weak dollar primarily drove the EUR/USD currency pair’s rally as US Treasury yields fell dragging the greenback lower.

Canadian Dollar Falls on Weak Jobs Data, Ignores Saudi Aramco IPO

The Canadian dollar today fell against its US peer following the release of disappointing jobs data, which missed expectations by a considerable margin. The loonie erased all of the gains made against the greenback earlier this week amid the highly anticipated Saudi Aramco IPO.

US Dollar Strengthens on Positive Manufacturing, Consumer Sentiment

The US dollar is strengthening against several major several currency rivals at the end of the trading week, buoyed by upbeat economic data. Investors took a day off from the never-ending seesaw of US-China trade relations that markets had to endure for the last several sessions.

Euro Falls on Mixed PMI Reports From Across the Euro Area

The euro today fell against the much stronger US dollar as investors reacted to mostly negative IHS Markit preliminary services PMI reports from across the eurozone. The EUR/USD currency pair today attempted to rally higher on positive French and German manufacturing PMIs, but the rally was short-lived due to the weak services PMIs.

Euro Falls Against US Dollar on Mixed German Gfk and IFO Data

The euro today fell against its US peer following the release of mixed German IFO survey data early in the European session. The EUR/USD currency pair fell from its daily highs shortly after the announcements in a risk-off market environment weighed down by Brexit and trade worries.

US Dollar Flat As Capital Goods, New Home Sales Disappoint Markets

The US dollar is trading relatively sideways against some of its biggest currency rivals to close out the trading week. The latest release of US economic data is disappointing markets, which is raising the probability of another quarter-point decrease to interest rates in October. For now, investors might be adopting a wait-and-see approach to trading the buck prior to next week’s important Federal Reserve policy meeting.

Euro Falls on Weak German Retail Sales, Later Crashes to 2-Year Lows

The euro today fell against the US dollar as the weak releases from across the euro area from previous days weighed on the single currency from the start of today’s session. The EUR/USD currency pair extended its losses following the release of weak German retail sales data amid positive US releases.

US Dollar Rallies As Market Dismisses IMF’s ‘Overvalued’ Concerns

The US dollar is finishing the trading week higher against a handful of currencies as the market appears to be moving on from recent comments pertaining to the greenback’s valuation. With a Federal Reserve bank president discussing the need for action ahead of a crisis and some data to throw in the mix, it has been a fun ride for the dollar this week.

Navigation

Menu