News Update for Currency Pairs

Dollar leaps up to over eight-month high, as the euro drops

The American dollar went up today to its best position as far back as early February against its major rival currencies. The hike comes as hopes are higher that the Fed would increase interest rates by the end of the year with the euro equally losing strength.

Statements coming from Fed officials among whom is the person of William Dudley (who is the New York Fed President) were supportive of hike. Increasing hopes that the US presidential election would be won by Hillary Clinton had made the chances stronger that the U.S. central bank would hike raise rates by December.

According to Dudley some two days back, there is stronger possibility of the Fed raising interest rates later this year. This is almost certain if the U.S. economy maintains its growth. But should Donald Trump go on to win the elections, it could create uncertainty around the dollar as his economic policies are expected to be really harsh. The prospects of Donald Trump winning the elections don't really mean well for the dollar.

 

Dollar bullies the Japanese yen as traders strongly expect Dec. Fed rate hike

The U.S. dollar was in the region of a high of over eight months today against its major rivals. Particularly against the Japanese yen, the dollar rose to a one-week high. The increase in the dollar comes as expectations are growing that the US Federal Reserve interest would increase interest rates by the end of the year.

Previous economic data from the US as well as comments from officials of the Federal Reserve having been supportive of interest rates hike. San Francisco Fed President John Williams on Friday had again voiced his support for increasing rates soonest while New York Fed President William Dudley had said last week Wednesday that a rate hike was likely this 2016.

Today, Preliminary Markit data on Monday had revealed that U.S. manufacturing had risen to its peak level in a year. Thus the dollar had hit 104.32 yen. This point is the best the dollar had gotten against the yen in over a week.

 

Dollar jumps against the euro to multi-month highs

The dollar had risen to its best point in over seven months against the euro today. It also rose close to a high of three months against the Japanese yen today. This increase in the dollar comes as traders are greatly expecting the Federal Reserve to raise interest rates in December. On the other hand, the offshore Yuan had declined badly to a record low.

Traders are beginning to see the higher possibility of the Fed raising rates by the end of year. The most recent comments coming from Fed officials have increased greatly the hopes that Janet Yellen and the Fed would announce rate hikes; especially comments from Atlanta Fed President Dennis Lockhart.

There has been a reduction in U.S. political risk owing to the U.S. Democratic presidential candidate Hillary Clinton being ahead of the Republican rival Donald Trump in polls. This has boosted the prospects of the American dollar. The euro went down by 0.3% against the dollar dropping down falling to $1.0851. This is the least the euro has fallen against the dollar since the 10th of March this year.

 

Dollar heartily oppresses the Japanese yen

The U.S. dollar heartily sprang up to over a seven and a half years high against the Swedish crown. This comes as comments from the central bank of Sweden were rather dovish. The merry dollar also ran up to a high of three-month against the Japanese yen with hopes very strong that the Fed would raise interest rates by the end of the year.

Sweden's Riksbank had declared that the possibility of another interest rate cut had gone up and it was really willing to embark on an expansion of its quantitative easing program. The Riksbank had of late already cut down rates to a negative 0.5%. Maintaining a strong eye on its target of buying 40% of the stock of outstanding government bonds by the time 2016 ends.

The dollar had gone up by 1.22% against the Swedish crown jumping up to 9.0164 crowns. Previously the dollar had touched 9.0424 crowns. This would be the best the US dollar had gone up against the Swedish crown since the beginning of March 2009. On the other hand, the dollar had sprung up to a three-month high against the yen which is at 105.00 yen.

 

Mexican peso falls notably as FBI declares it is investigating new Clinton emails


The Canadian dollar as well as the Mexican peso went down today in face of arising news that the FBI is investigating fresh emails from Hillary Clinton.

The Mexican peso dropped down by about a percent such that it traded at 0.05255 against the USD. Also the Canadian dollar dropped down to session lows trading at 0.7463 against the American dollar. This height of decline of the Canadian dollars against the US dollars has not happened since the 9th of March. That was when the US dollar went up as high as 1.3446 against the Canadian dollar.

The U.S. dollar previously dropped down from a three-month high it had recorded against the Japanese yen also dropping down against the euro today. The slight drop comes as disappointment of a falling U.S. consumer spending in the third quarter of 2016 had overwhelmed most US economic growth data which had come out positive.

We saw gross domestic product increasing at 2.9% annual rate. This marks an increase from a 1.4% pace in the second quarter according to reports coming from the Commerce Department.

 

Dollar now healthy following its crash from FBI's Clinton probe

The U.S. dollar went up against a host of its major rivals today. The increase in the US dollars comes as worries have gone down so far pertaining to the investigation by the FBI of more emails which are associated with how Hillary Clinton deployed a private server. Another thing that contributed to the rise of the dollar today was low Japanese government bond yields.

The dollar index which makes a measurement of how well the US dollar is faring against its major rivals had last gone up by 0.27% which brings it up to 98.611. This follows an eight-day low of 98.242 which it had dropped to last week Friday following news of the said FBI's investigation.

Reports of the FBI investigation had affected the US dollar negatively as hopes that Clinton will be winning the elections usually boost the dollar as her candidacy is globally preferred.

Although the rise in the dollar was more of modest, it was still an encouraging turn around. The US dollar went up against the Japanese yen climbing up to 104.98 yen. This is yet a distance from 105.530 yen which it had reached last week Friday.

 

Euro records gains against the US dollar as the US elections generates great uncertainty

The U.S. dollar had fallen down today to its least in over fifteen days against the euro. The decline in the US dollars comes over uncertainty surrounding the upcoming US elections. On the other hand, the Mexican peso had also crashed down to over a three-week low. The major reason behind the decline of the Mexican peso is the increasing prospects that the Republican presidential candidate Donald Trump could eventually come out victorious in the US elections.

Last week, news surfaced that the FBI was investigating freshly discovered emails which in one way were associated with U.S Democratic presidential candidate, the person of the Hillary Clinton over her use of a private server while she served in the US government.

Traders fear that a victory for Donald Trump would make the Federal Reserve postpone its much anticipated hiking interest rates by the end of the year. Traders will be greatly looking forward to Wednesday for any clues that the Federal Reserve would keep faithful to its expected rate increase which is likely by the December meeting of the Federal Reserve.
Thus today the euro went up by almost 0.6% against the dollar climbing up to $1.1046.

 

Dollar briefly recovers from loses after no changes in Fed interest rates

The U.S. dollar briefly recovered from the losses it suffered earlier today. These movements come as the Federal Reserve chose against changing interest rates. Although many traders were not expecting interest rates hike by this time of the year.

Fed policymakers gave no hints about the precise time we will be having the next interest rates. But in more certainty, a majority of traders are really expecting interest rates hike this end of 2016 by December. So far, what we have been seeing so far suggests an increased possibility that hikes will be by the end of 2016 given the notable disagreement between top officials of the Federal Reserve and positive US data.

Some time earlier today, the American dollar crashed down to its least level in almost a month against the euro. The U.S. Republican presidential candidate Donald Trump is becoming favourite for the election next week after Clinton email scandals.

The euro went up against the USD to $1.1108. The dollar equally dropped down against the yen to 103.27 yen.

 

Trump drags the dollar down as US elections take center stage

Politics was the center of attention in currency markets today. Tension is growing among traders as U.S. election uncertainty had dragged the US dollar down against the Japanese yen. On the other hand, sterling had climbed up by over 1% following a ruling by a UK court that parliament will be needed as regards their approval to begin Brexit talks.

There was notable uncertainty among traders today as reports revealed that a number of agents at the FBI still insisted on pushing further with probes into the Clinton Foundation. This is another sad turn of events pertaining to the detailed investigation of Hillary Clinton's using of a private email server in course of her office as secretary of state.

The losses however for the dollar were reduced as hopes were up again among traders owing to promising clues from the Federal Reserve of possible interest rate hike by December this year. Thus the dollar pushed back up to trade in the region of $1.11.

 

Sterling enjoying its most impressive week since 2009 as "hard Brexit" fears drops down

The pound went up by about a cent today. This increase makes this week the best performing week for the pound against the US dollar as far back as October 2009. The increase comes as fears that the UK could suffer terribly for leaving the EU went down. A good number of analysts were predicting that owing to the vote to leave EU, Britain may eventually lose its access to the single market.

The pound which has been suffering for some time managed to recover by 3% this week. This improvement comes as an England's High Court yesterday ruled that the government would require a go-ahead from the British parliament before the Brexit process begins.

One thing is that majority of lawmakers in the parliament favour staying in the EU. Thus this is expected to reduce the supposed hard consequence of exiting the EU. On the other hand, the dollar dropped down terribly as the possibility got thicker that Donald Trump may win the upcoming U.S. presidential election. Thus the sterling sprang up to $1.2558, this is a four-week high.

 

Dollar avenges sterling after sterling enjoys best week in seven years


Sterling dropped down by about a percent against the US dollar today. The decline of the sterling against the dollar comes after the sterling has enjoyed its most impressive week against the dollar in over six years. The increase in the dollar however happened as confidence is again rising among investors that Hillary Clinton could emerge the winner of tomorrow's Tuesday U.S. presidential election.

This had actually boosted the dollar against its major rivals, this also including the sterling. The sterling had previously bounced back up as worries are lessening that Britain would suffer greatly for leaving the European Union even up to eventually losing its access to the single market. Thus today the pound went down by a percent, coming down to trade at $1.24.

A UK high court has previously ruled that the British government needed approval from the parliament before it went on with the exit procedures. Traders are confident that majority of the parliamentarians had cast their vote during the referendum to stay in the EU; thus the chances are high that Britain would maintain access to the single market.

 

Canadian dollar enjoys ride up with Mexico peso as investors hope for Clinton Victory

The dollar went up against the safe-haven assets which included the yen as well as the Swiss franc today. The Mexican peso on the other hand enjoyed some gains as investors were getting more hopeful that Hillary Clinton would emerge the victor of the U.S. presidential election.

Market sources had been relying on data firm VoteCastr whose prediction was more in favour of Clinton in a number of major decisive states. This is well expected to push Hilary ahead of steep competition from Republican Donald Trump.

On the other said, should Republican Donald Trump eventually emerge victorious, this will change market movement as investors would be attracted to safe haven currencies like the Japanese yen and Swiss franc. This also smells of disaster for countries like Mexico and Canada. Previously, the US billionaire had reiterated his intentions of changing the details of the formal arrangement of the North American Free Trade agreement which supervises trade between the U.S. and Canada as well as Mexico.

Thus today, we saw the euro dropping against the dollar, falling down from the gains it had recorded earlier by 0.15 percent to touch $1.1019.

 

Dollar picks itself up after Donald Trump stuns the world with victory

The U.S. dollar went up today as traders gradually settled to the stunning reality of Donald Trump's electoral win over Hillary Clinton. This was the least predictable, the only major scandal Clinton's electoral campaign was hit with so far is the case of use of private email servers. On the other hand, Trump had been severally hit with scandals of sexual vulgarity.

Back to the present, after the victory of the Republican Donald Trump, the dollar index, which gives a measurement of how well the US dollar was performing against its major rivals went up recovering from its earlier losses as it rose up to 98.42. The euro however suffered a decline against the dollar dropping down to $1.094. Today we saw Clinton calling Trump to admit to her defeat at the presidential election early Wednesday following a very remarkable and unexpected twist in the presidential election results.

The yen also went down dropping to a low of 105.46 against the dollar as investors returned back from their refuge in safe-haven currencies.

 

Dollar leaps healthily as Trump victory boosts inflation expectations

The dollar went up, climbing to a three and half month high against the Japanese the yen today. The increase comes as investors come to term with the election victory of Donald trump. Most particularly, traders are looking forward to the effects of his subsequent policies and how they would help or hamper economic growth.

The US dollar went up by over 1% climbing up to 106.66 yen. This is actually the first time we are seeing this since July. The greenback also went up measurably against its major rivals, going up to peaks it last touched since far back February.

Hopes are going up that the policies we will be having from Trump would increase spending as well as raising inflation. This is expected at the end to eventually bring about increase in interest rates. Generally, an increase in interest rates increases the attraction of investors to dollar-denominated assets.

 

Trump election win sets dollar in place for best week in a year

The dollar went up to its best in nine months against its major rivals today. This puts the dollar on its best run in a week. The dollar at the moment is doing very fine as traders are getting very confident that a Donald Trump presidency would push up U.S. inflation.

U.S. consumer sentiment report has come out very impressively even beating predictions of analysts. This pushes the US dollar up against the Canadian dollar as well as recording gains against the euro. This raises the dollar index to its best since Feb 1.

Expectations from Investors are very strong that Trump's promise to promptly carry out the deportation of illegal immigrants, as well as slash free-trade deals will spark up serious U.S. inflation.

Thus today we saw the US dollar rising higher against the Chinese yuan as well as making heavy gains against the Mexican peso. This is well expected as these countries are most likely to feel the hurt of Trump policies.

 

Dollar springs to 11-month high as US bond yields leap as well

The dollar jumped up to a high of 11 month against its major rivals. The increase in the US dollar accompanies a leap in U.S. bond yields. Traders are getting more confident that the policies we will be seeing from a Donald Trump administration would spark US inflation.

Trump's very surprising U.S. presidential win for last week also triggered hopes of unexpected electoral victories across Europe in the next months to come. There are fears over Trump being sentimental and over protective to US interests; this could heavily hamper US business ties across Europe. Such fears had hurt the euro as it dropped against the dollar.

China's yuan on the other hand fell down drastically against the dollar. The dollar index had gone up by 0.98% climbing to reach 100.04. This comes after it had previously gotten to a record mark of 100.20 yesterday. The dollar index has not risen up to such peak since as far back as Dec. 3, 2015.

 

Dollar index springs up to 14-year high though pullback is likely

The dollar went up close to a high of 14 years high against its major rivals today. This increase comes despite warnings from analysts that the dollar was likely to go a decline. Investors are greatly hoping that Donald Trump's polices would increase inflation in the United States.

Thus we had a decline in the euro as it fell to its least level in about twelve months against the dollar. Trump's very surprising electoral win as at Nov. 8 had increased fears that unlikely candidates will win in the next series of election that would be taking place in Europe by 2017.

Treasury yields are close to their 10-month peaks thus boosting the dollar. There were little changes in the two-year Treasury yield as it remained at 1.005%. The dollar index on the other hand had risen up to 100.57, this was the best it has gotten since April 2003 after that it went down to 100.42, this is however a leap of 0.2% today.

 

Dollar index leaps up to 14-year high though pullback is likely

The dollar went up close to a high of 14 years high against its major rivals today. This increase comes despite warnings from analysts that the dollar was likely to go a decline. Investors are greatly hoping that Donald Trump's polices would increase inflation in the United States.

Thus we had a decline in the euro as it fell to its least level in about twelve months against the dollar. Trump's very surprising electoral win as at Nov. 8 had increased fears that unlikely candidates will win in the next series of election that would be taking place in Europe by 2017.

Treasury yields are close to their 10-month peaks thus boosting the dollar. There were little changes in the two-year Treasury yield as it remained at 1.005%. The dollar index on the other hand had risen up to 100.57, this was the best it has gotten since April 2003 after that it went down to 100.42, this is however a leap of 0.2% today.

 

Sterling jumps up to 2-month high vs euro following impressive retail sales data

Sterling had moved up impressively to a two-month high against the euro today. The significant increase comes as British retail sales spiked up two months ago with investors shifting their focus to the risks the upcoming elections could expose Europe to in the months to come.

The numbers reveal a remarkable annual sales growth which is at present its best in over 13 years. This shows that Britain is at least not doing badly since the referendum vote to leave the EU.

So far economic data has not been getting as much attention as much as the recent political happenings in the last weeks. Thus the pounds was not really affected by data which revealed that Britain's jobless rate had significantly dropped down to its least level in 11 years. So far the retail sales data had not really helped the sterling with a big boost.

From the US, the dollar is at present trading at its highest peak in about 14 years following Trump's electoral win. Most notably, traders are watching out for his promises to cut tax.

 

Dollar still riding high as US yields build up on Trump bets

The dollar is strong today staying in the region of its high of over 13 years against its major rivals. The significant increase in the dollar in the market is largely associated with the hopes of traders that the US President-elect Donald Trump's administration will pursue fiscal policies that could eventually lead to increasing interest rates.

The dollar index, which is responsible for measuring how well the U.S. dollar is doing against its rivals, had increased by 0.1 percent climbing up to 101.31. This comes after the dollar index impressively added over 4% in course of last week. That marked its largest rise in a week since as far back as March 2015. Last week Friday, the dollar index hit a high of 101.48; this would be its best since in almost thirteen years.

The dollar went up to 111.190 yen today. Since June, this is the best the dollar had gotten against the yen. Investors are looking ahead to how the market would react to U.S. Thanksgiving holiday later this week.