You have searched for "Global Forex Market"
Showing 141-150 of 198
THE US dollar weakened against broad currencies as the FOMC remained on hold with cautious US data added to the tone. The Fed funds rate was left on hold and the “dot plot” projections were lowered by 25 basis points across the board. However, the Fed is still keen on imminently lifting the fed funds rate, with Yellen specifically mentioning that October was a possibility and that they expected to start hiking this year.
THE US dollar recovered from multi-week lows against the euro and the yen from a risk-off starts to the week, which dragged the greenback to slip to two-week lows against its biggest peers as worries intensified about slowing growth abroad while Chinese stocks sank more than 8% in eight years as concerns grow over the sustainability of the government-supported market rebound.
IN the first half of the week, the US dollar rode a safe haven rally to one-month high against the euro, its strongest in three months against Canada’s loonie and to fresh five- and six-year highs against the New Zealand and Australian dollars. Markets flocked for the US dollar due to swift downturn in oil, to ride out uncertainty stemming mainly from Greece’s ongoing debt crisis.
DRIVEN by the strong housing data and the European Central Bank’s (ECB) decision to bring forward some asset purchases, the US dollar index, DXY, appreciated and broke above the level of 95. Housing starts in US jumped 20.2% on month to 1.14 million, the most since November 2007.