Forex News
The dollar rose to a six-month high against the euro on Wednesday as the Federal Reserve sounded a slightly more optimistic note on the U.S. economy even though it will maintain low interest rates for an extended period.
The Canadian dollar was softer against the U.S. dollar on Wednesday, though off session lows, as mixed commodity and equity markets provided little direction and investors were reluctant to make big bets ahead of an interest rate decision by the U.S.
The dollar rose to a six-month high against the euro on Wednesday on concern over the fiscal health of some euro zone states and with investors cautious ahead of a policy announcement from the U.S. Federal Reserve.
The Canadian dollar sagged on Wednesday, but mixed commodity and equity markets provided little direction and investors were reluctant to make big bets ahead of an interest rate decision by the U.S. Federal Reserve.
The Canadian dollar stumbled versus the U.S. currency on Tuesday as investors shunned risky assets, sparked by China's clampdown on lending and as Japan's credit rating was put in the spotlight.
The dollar and yen rose on Tuesday after China implemented a planned increase in required reserves for some banks, prompting investors to close trades funded by the two currencies.
The Canadian dollar's fall against the U.S. currency steepened on Tuesday as investors shunned risky assets, unnerved by China's clampdown on lending and as Japan's credit rating was put in the spotlight.
The Canadian dollar hit its lowest level this year on Friday as investor confidence was shaken by concerns over a White House plan to limit risk-taking by U.S. banks and China's monetary policy stance.
Dealers' desk forex news is provided by OzForex Pty Ltd.
