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Currencies Exotics

Upbeat Data Boosts Dollar and Other Top Forex News.

The dollar moved into positive territory against most of the other major currencies on Tuesday following the release of U.S. consumer confidence and new homes sales data, both of which hit six year highs, bolstering the outlook for the wider recovery. The first of this mornings releases from the Conference Board showed that the consumer […]

Dollar Lower After FOMC Statement and Other Top Forex News.

The dollar was mostly lower on Wednesday following this afternoons Federal Reserve statement, in which the Bank said it was leaving its benchmark interest rate unchanged at 0.00-0.25% and continued to cut its monthly bond-buying program at the current pace to $35 billion from $45 billion a month. The Fed also nudged up their projections […]

Dollar Slides Against Yen, Euro Weakness Continues and Other Top Forex News.

Falling U.S. bond yields caused the dollar to close the session at a one-week low against the yen on Wednesday, while the euro continues to weaken post ECB comments. The dollar suffered as the yield on the U.S. 10-Year Treasury note eased back from one-month highs hit on Tuesday, ticking down to 2.62%. While demand […]

Euro Slump Continues Post ECB and Other Top Forex News.

The U.S. dollar continued to climb against the euro on Tuesday, and pulled back from lows against the yen as demand for the greenback continued to be underpinned by higher U.S. Treasury yields. The yield on the U.S. 10-Year Treasury note climbed to 2.64% on Tuesday, its highest in a month. Treasuries have been buoyed […]

U.S. Jobs Report Boosts Dollar and Other Top Forex News.

The dollar ended the week on a high note after relatively positive U.S. employment data showed that the U.S. economy is slowly recovering from its slumber. The U.S. Labor Department said the economy added 217,000 jobs in May, just below expectations for a 218,000 increase, after a 282,000 rise in April, whose figure was revised […]

Dollar Strength Continues Against EUR and Other Top Forex News.

The dollar rose close to 3 month highs against the euro on Wednesday as optimism over the economic recovery in the U.S. and the prospect of monetary easing by the European Central Bank bolstered the greenback. The dollar continued to find strength after this mornings data showed that U.S. durable goods orders rose unexpectedly in […]

Dollar Boosted By Upbeat U.S. Data and Other Top Forex News.

The dollar was in mostly positive territory again the other major currencies on Thursday, following the release of positive housing and manufacturing data in the U.S. Sales of existing home increased 1.3% in April to an annual rate of 4.65 million units according to data from the National Association of Realtors. While this was slightly […]

Dollar Ends Week on Quiet Note After U.S. Data Fails to Ignite and Other Top Forex News.

The dollar had a quiet end to the week, remaining virtually unchanged against the other major currencies following the release somewhat mixed economic data at home. This mornings data got off to a bad start when the University of Michigan said that its consumer sentiment index fell to 81.8 in May, from a reading of […]

Dollar Advances Despite Retails Data Miss and and Other Top Forex News.

The dollar moved higher against the other major currencies on Tuesday, but gains were limited by this mornings weaker than forecast U.S. retail sales data. With U.S. retail sales growing by just 0.1% in April, compared with growth of 1.5% the previous month, according to figures released by the Commerce Department. After the news the dollar […]

Dollar Ends Week in Positive Territory As Ukraine Tensions Rise and and Other Top Forex News.

The dollar ended the week in positive territory against most of the major currencies, with concerns over ongoing tensions in Ukraine continuing to support demand for safe-haven assets such as the dollar. Investors remain wary after tensions continue to increase in the region, despite efforts by Russian President Vladimir Putin to calm the situation. Despite […]

Dollar Weakens Ahead of Fed Minutes and Other Top Forex News.

The dollar was mostly softer against the other major currencies on Monday ahead of Wednesday’s Federal Reserve meeting minutes, while comments by European Central Bank officials dampened expectations for unconventional monetary easing measures boosted the euro. Investors are anxiously awaiting this weeks minutes after last Friday’s jobs data raised questions about the strength of the […]

Dollar Steady Amid Ongoing Tensions Between the West and Russia and Other Top Forex News.

The U.S. dollar held ground against the other major currencies on Friday, as investors remain cautious amid ongoing tensions between the West and Russia. With the U.S. enacting a further round of sanctions against a number of Russians close to President Putin. In Asia, the Japanese yen recovered some of yesterdays losses after news of […]

Dollar Downtrend Continues As Mixed Data Weighs and Other Top Forex News.

The U.S. dollar continued to fall against the other major currencies on Friday, after the release of mixed economic reports weighed on demand for the greenback. This mornings data started well when Chicago’s purchasing managers index’ came in at a four month-high of 59.8 in February, up from a reading of 59.6 the previous month, […]

Dollar Slips After Consumer Data Disappoints and Other Top Forex News.

The U.S. dollar extended losses against most of the major currencies on Tuesday after official data showed that U.S. consumer confidence deteriorated in February. The Conference Board reported that its consumer confidence index declined to 78.1 in February, down from 79.4 in January, amid concerns over the short-term outlook for business conditions, jobs, and earnings. […]

Dollar Trims Gains After Empire State Data and Other Top Forex News.

The U.S. dollar trimmed gains against the pound and yen on Tuesday after this mornings key Empire State data disappointed markets. The Federal Reserve Bank of New York said that its general business conditions index, otherwise known as the Empire State manufacturing index, came in at 4.48 this month, down from a 20-month high of […]

Dollar Mostly Lower After Yellen Speech and Other Top Forex News.

The dollar remained in negative territory against most of the major currencies on Tuesday, falling to two week lows against the euro but strengthening slightly against the yen after Federal Reserve Chairman Janet Yellen confirmed that the U.S. central bank remains on track to reduce its stimulus program. During this mornings speech before the House […]

Dollar Trades Nervously Ahead of Yellen Testimony and Other Top Forex News.

The dollar was largely mixed on Monday as investors remain nervous ahead of Federal Reserve Chairman Janet Yellen’s testimony on the bank’s semiannual monetary policy report on Tuesday. In a day of light trading, it was the yen which made the most headway, despite Japanese government data showing that Japan posted its smallest current account […]

Fed Continues With Taper Despite EM Woes and Other Top Forex News.

The Federal Reserve opted to continue cutting back the amount of bonds it purchases as part of its monetary stimulus program on Wednesday, by cutting bond purchases to $65 billion a month in February, down from $75 billion in January. The move was inline with market expectations although there were some murmurings that recent turmoil […]

Dollar Strengthens Amid Taper Expectations and Other Top Forex News.

The U.S. dollar moved higher against most of the major currencies on Tuesday as investors keenly await the conclusion of this weeks Federal Reserve policy meeting on Wednesday. Investors are predicting the Fed will cut its asset purchase program by another $10 billion, to $75 billion per month, after data released this morning showed that […]

Dollar Steady Ahead of Fed Meeting and Other Top Forex News.

The U.S. dollar held steady against most major currencies on Monday, with the conclusion of this weeks Federal Open Market Committee policy meeting on Wednesday uppermost in traders minds. The yen started the session strongly against the dollar after the release of soft U.S. housing data, which showed that sales of new, single-family houses in […]

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