Tag Archive: Organization of the Petroleum Exporting Countries (OPEC)

Week Ahead – Dollar Slows Down After US Jobs Miss

The US dollar was mixed Friday. The greenback advanced against the commodity currencies (CAD, AUD AND NZD) edging higher against the CHF, but was lower agains the JPY and the EUR. The GBP deserves a special mention as positive Brexit…
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US Dollar Recovers Ground Ahead of Fed Meeting

The US dollar bounced back on Friday, but could not offset the losses suffered during the week. The greenback was lower against most major pairs at the end of five days. Traders adjusted their positions before the weekend giving some…
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USD Falters Ahead of Jobs Report and Start of Chinese Goods Tariffs

The US dollar is mixed against major pairs on Thursday. Reports of a zero tariff on auto imports between the EU and the US boosted the EUR as private payrolls and jobless claims disappointed in the US. The USD staged…
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Hawkish Fed Boosts US Dollar But Tariffs Bring Currency Down to Earth

The US dollar is lower against major pairs after the U.S. Federal Reserve raised the benchmark Fed funds rate by 25 basis points on Wednesday. The move was heavily anticipated by the market, but the strong pace of the US…
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Fed Hike Priced In But Market to Focus on Powell’s Words

The US dollar is higher against major currencies on Tuesday after American inflation came in better than expected ahead of the eagerly anticipated Federal Open Market Committee (FOMC) two day meeting. A 25 basis points rate hike has been priced…
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US Private Jobs and Bank of Canada on the Agenda

The US dollar is mixed as risk aversion has made traditional safe haven currencies (JPY and CHF) advance versus the greenback. The USD is higher against the EUR as the Spanish PM faces a confidence vote with the single currency…
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USD/CAD Canadian Dollar Lower Despite Oil Rise After US Pulls Out of Iran Deal

The Canadian dollar was lower on Tuesday after the US currency rose on the back of the uncertainty surrounding the United States participation in the Iran deal. The greenback rose as investors looked to the currency as a safe haven….
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Dollar Regains Ground Ahead of Fed Minutes

Higher US inflation fails to spark dollar revival The US dollar depreciated across the board versus major pairs despite consumer prices rising more than expected. Inflation anxiety had triggered a sell-off in global stock markets with the Fed expected to…
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