Dollar News - FX Trading

Sat 23 Sep 2017
FX Trading

Dollar News

Latest 10 news items tagged Dollar

Dollar down ahead of Fed meeting31 Jul at 9 AM 2013

The dollar has dropped against the euro as investors and analysts expect the Federal Reserve to continue its loose monetary policy. Recently the greenback rallied because Fed chairman Ben Bernanke suggested that quantitative easing could be reined in on the back of positive growth in the US economy. However, second quarter gross domestic product figures are expected to be softer than first quarter data. If this proves to be the case then the US central bank is likely to keep interest rates down. This will make the greenback less...

US dollar in the doldrums24 Jul at 9 AM 2013

A basket of major currencies has been given a boost as the US dollar remains weak. However, just how weak the greenback remains will depend of Chinese data due to be published today. If the second biggest economy on the planet shows disappointing growth, investors are likely to return to the dollar for comfort. The euro has been given some reprieve and has managed to rise as high as $1.3239, its highest level since 21 June. The dollar continues to struggle to climb above the 100 yen barrier, but the single currency is performing well...

US dollar down 17 Jul at 9 AM 2013

The dollar has weakened as Ben Bernanke, head of the US Federal Reserve, is expected to avoid being too hawkish in front of Congress. Investors are watching closely to see how a tapering back of quantitative easing will eventually impact the markets. The dollar index, a measure of the greenback against a number of other leading currencies, was close to its lowest level in three weeks at 82.639, a drop of 0.6 per cent. However, the dollar managed to recover 0.3 per cent against the yen to hit 99.35. This is still lower than the...

Dollar remains strong as pound flounders10 Jul at 10 AM 2013

The US dollar is performing well against a basket of other leading currencies. The strength of the greenback has been aided by a drop in the value of the euro and sterling as the Bank of England and the European Central Bank look like keeping a loose money policy in place for some time to come. Although the ECB has said his comments were not meant to be taken as a forecast, Joerg Asmussen’s statement that interest rates are likely to remain at a low for at least another year sent jitters through the markets. The single currency...

Dollar expected to strengthen against positive jobs data3 Jul at 9 AM 2013

The release of jobs statistics on Friday will be closely watched by analysts as positive figures will support the Federal Reserve’s decision to look at wrapping up its stimulus programme. Anticipation that the figures will be encouraging has helped boost the strength of the dollar. The greenback was most recently up against the yen by 0.1 per cent at 100.72 yen. The dollar also strengthened by 0.98per cent against its Australian rival to 0.916. The Aussie dollar has lost around 10 per cent since April as the Reserve Bank of Australia...

Dollar strengthens against yen and euro26 Jun at 9 AM 2013

The US dollar has rallied against both the yen and the euro after earlier losses. The greenback has benefitted from economic data that supports the Federal Reserve’s decision to look at pulling in its policy of money printing as early as this year. The central bank has been buying bonds in an attempt to boost the economy but Fed chief Ben Bernanke said if the figures remain firm this could be slowed before the end of this year. The Commerce Department said durable goods orders were up by a better than anticipated 3.6 per cent...

Yen drops against US dollar19 Jun at 9 AM 2013

The yen fell against the US dollar for the second session in a row as some investors expect the Federal Reserve to announce that it intends to bring its economy boosting policy of bond buying to an early close. The euro has also been helped to its highest level in nearly four months after investor and analyst sentiment in Germany rose in June indicating modest recovery. The Fed has been holding a two-day policy meeting and Chairman Ben Bernanke is due to make an announcement later today. Although some believe asset purchases will be...

US dollar recovers against the yen12 Jun at 9 AM 2013

The US dollar has managed to regain some ground against the yen after tumbling to its lowest level against the Japanese currency in three years. The fall came after the Bank of Japan revealed it was not currently planning to introduce any new monetary stimulus measures. Having previously sunk as low as 95.60 the dollar clawed itself back to 96.77, a bounce of 0.8 per cent. The euro also managed to regain some ground by rising 0.7 per cent to end at 128.76 yen. Many investors had expected the BoJ to announce an extension of its easy...

Dollar recovers against the yen5 Jun at 9 AM 2013

The US dollar has managed to recover after investors took advantage of a drop in value on Monday to buy back the greenback. A fall in the level of factory activity during May saw the dollar hit 98.86 yen, but it has since managed to crawl back over the 100 mark. The dollar was given further support against the yen following reports that the Japanese authorities intend to urge public pension funds to invest in equities and foreign assets. The weak US manufacturing data means that it is less likely that the Federal Reserve will announce...

Interest rate cut rumours put pressure on euro29 May at 9 AM 2013

Threats that the European Central Bank could be about to introduce a cut in interest rates saw the euro drop 0.8 per cent on Tuesday to $1.2860. The ECB has also suggested that quantitative easing will remain in place for the time being. Meanwhile the US dollar is attracting investor interest as economic data indicates that the country is back on the road to recovery. If the data continues to be strong then the Federal Reserve could decide to end its easy money strategy early. This would further support the greenback. The yen has...