Federal Reserve News
This is the category page for all Federal Reserve news here on ukfx.co.uk...
Dollar drops against the euro
31 Jul at 9 AM
News Item Link: Dollar drops against the euro
The US dollar has fallen against the euro ending close to a six-week low. Investors are expecting economic growth for the second quarter of the year to be soft. If this is the case it is likely that the Federal Reserve will choose to keep interest rates low. Although the first quarter saw a GDP rise of 1.8 per cent, analysts are expecting...
Dollar extends its decline
24 Jul at 9 AM
News Item Link: Dollar extends its decline
The decline in the dollar continues as the greenback hits its lowest level in around a month. However, investors are now focused on economic data to be released by China later. Any signs that the world’s second-largest economy is slowing down could offer support to the dollar. The dollar index fell 0.3 per cent on Tuesday and is...
Dollar strong against other currencies
3 Jul at 9 AM
News Item Link: Dollar strong against other currencies
The dollar is continuing to hold its own against other major currencies ahead of tomorrow’s holiday in the US and expectations that jobs data to be released on Friday will be positive. Economists are expecting 165,000 new jobs to have been created in June and the rate of unemployment to be 7.5 per cent. The strong data will support...
Dollar up as data indicates US economic recovery
26 Jun at 9 AM
News Item Link: Dollar up as data indicates US economic recovery
A batch of broadly positive data coming out of the US has seen the dollar recover. The strong house price figures, and a rise in business spending, support the Federal Reserve’s view that the US economy is firmly on the road to recovery. Fed chairman Ben Bernanke recently announced that the central bank could begin reining in its policy of...
Dollar hit by BoJ stimulus decision
12 Jun at 9 AM
News Item Link: Dollar hit by BoJ stimulus decision
The yen is up significantly against the US dollar following the Bank of Japan’s decision not to introduce any fresh stimulus. The worry for investors is that other central banks could also decide to cut short their easy money programmes. All eyes have been on the Federal Reserve recently to see whether its bond buying programme will be...
Dollar firm ahead of jobs report
5 Jun at 9 AM
News Item Link: Dollar firm ahead of jobs report
The US dollar has recovered some ground against the yen after falling to its lowest level in four weeks against the Japanese currency on Monday. The greenback was given additional support following reports that the Japanese government will push public pension funds to invest in overseas assets and equities. The dollar gained 0.4 per cent...
Dollar strengthens on positive economic data
29 May at 9 AM
News Item Link: Dollar strengthens on positive economic data
Investors are being drawn to the US dollar after strong economic data coming out of the States raised expectations that the Federal Reserve will begin to rein in its easy money programme. The yen has also been given a boost by falling Japanese stocks. The yen is up 0.3 per cent against the greenback to 102.14. On Tuesday the yen dropped...
Dollar hit buy support for QE
22 May at 9 AM
News Item Link: Dollar hit buy support for QE
Chairman of the Federal Reserve, Ben Bernanke, is due to give a clearer indication on whether the central bank will be bringing an end to its monetary easing policy any time soon. Speculation that the Fed will be wrapping up quantitative easing has seen the dollar gain around 5 per cent since the beginning of the year. However, the dollar...
Dollar remains strong against yen
15 May at 9 AM
News Item Link: Dollar remains strong against yen
Signs that the US economy is improving have helped to keep the dollar close to its highest level against the yen in more than four years. On Tuesday the US currency was buying 102.42 yen, but has since lost 0.1 per cent to end at 102.24 yen. Positive Treasury yields have also helped to buoy the dollar above 102 yen. Households in the US...
Euro rallies as gold prices stabilise
17 Apr at 9 AM
News Item Link: Euro rallies as gold prices stabilise
The yen has dropped against the euro and the US dollar as investor anxiety eased following the recent dramatic fall in gold prices. A fall in US factory output along with lower consumer prices has fuelled predictions that the US Federal Reserve will continue with its policy of monetary stimulus. Forex.com senior currency strategist, Eric...