US Dollar Mixed Heading Into Labor Day As Fed’s Preferred Inflation Measure Flat
The US dollar was mixed heading into the Labor Day holiday weekend as investors reviewed fresh inflation data. The greenback has struggled all year and…
Posts Tagged: Trade Deficit
US Dollar Index (DXY) Rises As Investors Digest Fed Policy Fallout, New Labor Data
The US dollar looked to trim Wednesday’s losses as financial markets continue to balance a higher-for-longer rate environment, signs of a slowing economy, and the…
US Dollar Weakens As Federal Reserve Officials Warn Caution Before Cutting Interest Rates
The US dollar weakened in the middle of the trading week as investors jumped into stocks. The greenback weakened even as a chorus of Federal…
Canadian Dollar Surges on Monster January Jobs Report, Rising Crude Oil Prices
The Canadian dollar rallied against its US counterpart to close out the trading week, driven by higher crude oil prices and a larger-than-expected January jobs…
USD/CAD Falls Below 1.3500 After Canada, US Report Strong Jobs Reports in December
The Canadian dollar strengthened against its US counterpart on Friday following a better-than-expected jobs report in December. The Canadian economy is on the brink of…
USD/CAD Edges Higher As Investors Brace for Critical July Jobs Report
The US dollar is trying to find direction against many of its major currency rivals following more disappointing jobs data. With the headline non-farm payrolls…
DXY Weakens Ahead of Key FOMC Decision, Trade Deficit Hits Record High
The US dollar weakened against its currency counterparts in the middle of the trading week as investors brace for the Federal Reserve’s interest rate decision….
USD/CAD Inches Higher As Investors Brace for Higher Oil Prices, Surging Inflation
The US dollar is seesawing on Tuesday as global financial markets continue to weigh the Ukraine-Russia military conflict and rampant price inflation. The greenback has…