Heather Erickson

U.S. dollar fell Thursday while Euro, Yen, and Yuan rallied

U.S. dollar fell Thursday while Euro, Yen, and Yuan rallied

The U.S. dollar tumbled down further on Thursday, plunging to two-month lows after U.S. inflation proved weaker than investors expected in December. As a result, market players decided to cut crowded long positions in the greenback. Such a move supported the euro. The currency extended its rally to $1.1479 on Thursday, jumping by 0.3% on …

U.S. dollar fell Thursday while Euro, Yen, and Yuan rallied Read More »

U.S. dollar rebounds after plunging to two-month lows

U.S. dollar rebounds after plunging to two-month lows

The U.S. dollar steadied later in Wednesday’s session after falling to an almost two-month low against other major currencies. Traders expected data to show a new rise in U.S. inflation that could strengthen the case for an early increase of interest rates. On Tuesday, Federal Reserve Chair Jerome Powell gave no clear indication that the …

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U.S. dollar declined ahead of Powell's speech on Tuesday

U.S. dollar declined ahead of Powell’s speech on Tuesday

The U.S. dollar tumbled down on Tuesday. However, it stuck within recent ranges as traders waited for Fed Chair Jerome Powell to speak at a congressional hearing later today. Meanwhile, European shares rallied in early trading, following a late-session rebound for Wall Street, while U.S. Treasury yields climbed up a touch higher. The euro changed …

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Dollar rallied on Monday while Euro and Sterling struggled

Dollar rallied on Monday while the Euro and Sterling struggled

The U.S. dollar surged forward on Monday as investors bet that U.S. inflation would support a case for higher interest rates. At the same time, the European Central Bank stuck to its dovish stance on rising prices. As a result, the euro was under pressure today. The greenback had faced selling late last week. U.S. …

Dollar rallied on Monday while the Euro and Sterling struggled Read More »

Australian dollar

Australian dollar rallied while Sterling declined slightly

The dollar index traded at 96.067 on Friday against the basket of six major peers. It changed slightly on the day. However, the currency has lost almost 0.6% over the last several sessions. The greenback has declined against most currencies today, except the Japanese yen, which is another safe haven. On Friday, the yen exchanged …

Australian dollar rallied while Sterling declined slightly Read More »

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