Tag: USD/CAD

Dollar Reverses Losses Against Pound from Previous Trading Sessions

Dollar Reverses Losses Against Pound from Previous Trading Sessions

The dollar rose against many of the currencies it sustained losses against in the wake of Wednesday's release of minutes from the Feds December meeting, from which investors and analysts were attempting to deduce the possibility of an interest rate increase in 2017. Despite incurring a significant drop against the British pound in the two … Continue reading Dollar Reverses Losses Against Pound from Previous Trading Sessions

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Dollar Tumbles Against Yuan

Dollar tumbles as China’s central bank makes bold attempt to prevent increasing outflow of currency from the country. The dollar fell by 1.15% at 12:45 EST continuing a third consecutive trading session of losses against the Chinese yuan, with Tuesday’s being particularly severe, as the Chinese central bank makes efforts to prevent the yuan falling further, after … Continue reading Dollar Tumbles Against Yuan