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The dollar climbed for the second day after Philadelphia Fed President Patrick Harker said yesterday that his central bank should begin discussing the time frame for paring back its bond-buying...
This is a big week for currencies, but so far, we’ve seen nothing but consolidation. In today’s trade, the greenback strengthened against the New Zealand dollar and Swiss Franc,...
Turkey’s economy grew 7% in the first quarter, outperforming most G20 peers. However, when factoring in the exchange rate, the data tells a different story.The country’s GDP per capita in...
Tonight’s Reserve Bank of New Zealand monetary policy announcement is one of this week’s most important events. Next to the Bank of Canada, which tapered asset purchases last...
Positive economic data out of New Zealand compared to inflation fears in the US means the New Zealand dollar has an advantage ahead of the Reserve Bank of New Zealand's interest rate decision on...
The U.S. dollar staged an end of week rally following unconvincing global data. On Thursday we had suggested that if upcoming economic reports reinforced the prospects of a stronger global recovery,...
Friday will be a busy day for forex traders, with PMIs and retail sales reports scheduled for release from all corners of the world. Currencies are trading strongly ahead of these reports, with...
Weaker U.S. data is finally catching up to the U.S. dollar. The greenback traded lower against all of the major currencies on Tuesday following softer housing data. Building permits grew 0.3% in the...
Forex traders were unfazed by weak data on Friday as currencies and equities extending their recoveries. Consumer spending stagnated in the month of April after soaring in March. Excluding the costs...
This article was written exclusively for Investing.comIt has been a volatile week as a bigger-than-expected jump in US CPI raised tightening concerns mid-week. But as we start the last day of the...
Stocks rebounded sharply Thursday, but the muted price action in currencies suggest that FX traders are not convinced the selling is over. The U.S. dollar gave back a small portion of...
The U.S. dollar soared on Wednesday on reports that consumer prices rose at their fastest pace since 2008. Federal Reserve Chairman Jerome Powell warned about a temporary rise in prices, but no one...
Stocks sold off sharply on Tuesday, with the Dow Jones Industrial Average dropping more than 1% and the NASDAQ losing 2%. As this was the biggest one-day decline since February, it should have...
What started off as a strong day for risk appetite turned into losses for currencies and equities. The Dow Jones Industrial Average and NASDAQ hit record highs at the start of New York trade but shed...
Economists and investors could not have been more wrong about today’s U.S. jobs report. The U.S. dollar traded sharply lower against all of the major currencies on the back of what can only...