Dollar Continues to Strengthen After Strong Data Supports Yesterdays Fed Statement and Other Top Forex News.
All of the major currencies are trading quietly ahead of the Federal Reserve’s monetary policy announcement. The U.S. dollar is slightly lower which implies that investors are wary of how much support the central bank will provide to the greenback. Lets take a look at the various FOMC events scheduled for today and what forex […]
The dollar soared to session highs against all of its major rivals today after the Fed announced interest rates would remain unchanged and bond purchases would remain steady, adding the downside risk for the U.S. economy has diminished since the autumn.
By Kathy Lien The price action in the U.S. dollar today confirms that yesterday’s Federal Reserve meeting marked a major turning point for the greenback. The dollar continued to rip higher against all of the major currencies as investors around the world re-price and bring forward their U.S. monetary policy expectations. Fed Chairman Ben Bernanke […]
The dollar remained broadly higher against all major currencies on Thursday after yesterday’s announcement by the Fed about the possibility of scaling back its bond buying program was bolstered by a set of stronger than expected U.S. data.
By Kathy Lien After big moves in the financial markets this week, currencies and equities are trading quietly today with Japanese stocks rebounding overnight, European shares moving higher and U.S. equity futures pointing to a positive open. The dollar continued to trade higher against all of the major currencies but the gains are modest so […]