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eurusd1-052517.jpg The dollar is heading lower against its major rivals Wednesday afternoon, following the release of the minutes from the most recent meeting of the Federal Reserve. The Fed is on track to raise interest rates this summer, most likely in June, according to the minutes of the central bank's May 2-3 meeting. "Several"...

The euro climbed against its major rivals in the European session on Wednesday, as the European Central Bank President Mario Draghi signaled that the bank is likely to wind down asset purchases before raising interest rates. The unconventional measures taken by the ECB have been effective in stimulating...

National Association of Realtors has released existing home sales for April at 10:00 am ET Wednesday. After the data, the greenback changed little against its major rivals. The greenback was trading at 1.1193 against the euro, 111.86 against the yen, 1.2954 against the pound and 0.9761 against the...

As expected, the Bank of Canada kept benchmark rate on hold at 0.50 percent. Following the announcement, the loonie recovered from early lows against its key counterparts. The loonie was worth 1.5110 against the euro, 82.85 against the yen,1.0090 against the aussie and 1.3511 against the greenback around 10:02 am ET.

National Association of Realtors Existing Home Sales for April is due at 10:00 am ET Wednesday. The consensus is for 5.710 million existing home sales, compared to 5.710 million in the previous month. Ahead of the data, the greenback rose against the pound, franc and the yen but fell against the...

The Bank of Canada announces its decision on interest rate at 10:00 am ET Wednesday. Economists expect the bank to keep benchmark rate on hold at 0.50 percent. Ahead of the decision, the loonie traded mixed against its major counterparts. While the loonie held steady against the yen, it retreated...

The Federal Housing Finance Agency or FHFA's House Price Index for March will be published at 9.00 am ET Wednesday. The economists are looking for consensus of 0.5 percent. Ahead of the data, the greenback traded mixed against its major rivals. While the greenback held steady against the franc, yen...

Reversing direction, the NZ dollar climbed against its major counterparts in the European session on Wednesday. The kiwi edged up to 0.7041 against the greenback, off its early low of 0.6989. The kiwi advanced to a 9-day high of 1.5896 against the euro, near 2-week highs of 78.72 against the yen...

The South African Rand firmed against the U.S. dollar in the European session on Wednesday, despite the release of weak inflation data for April and South Africa's ruling African National Congress denying the ouster of President Jacob Zuma at a meeting this week. Figures from Statistics South Africa...

The Canadian dollar climbed against its most major rivals in the early European session on Wednesday, as oil prices strengthened ahead of the OPEC meeting in Vienna that is widely estimated to extend ongoing output cuts to rein in global glut. Crude for July delivery rose $0.28 to $51.75 per barrel. The...

Antipodean currencies such as the Australian and the New Zealand dollars weakened against their major counterparts in the Asian session on Wednesday, after news that Moody's Investors Services downgraded China's sovereign credit rating to A1 from Aa3 and changed its outlook to stable from negative. China...

The U.S. dollar strengthened against its major rivals in the Asian session on Wednesday, as investors look forward to the release of Federal Reserve's minutes from the May meeting for more clues about the possibility of a rate hike in June. The minutes, to be released at 2:00 pm ET, would shed more...

The New Zealand dollar weakened against most major currencies in the Asian session on Wednesday. The NZ dollar fell to 1.5996 against the euro and against the U.S. dollar, from yesterday's closing quotes of 1.5946 and 0.7009, respectively. Against the yen, the kiwi dropped to 78.18 from an early...

The Australian dollar weakened against the other major currencies in the Asian session on Wednesday. The Australian dollar fell to nearly a 2-week low of 1.0629 against the NZ dollar and a 2-day low of 0.7443 against the U.S. dollar, from yesterday's closing quotes of 1.0664 and 0.7475, respectively. The...

Germany's GfK consumer sentiment data for June was released in the pre-European session on Wednesday at 2:00 am ET. After the data, the euro changed little against its major rivals. As of 2:01 am ET, the euro was trading at 0.8616 against the pound, 1.0912 against the Swiss franc, 1.1175 against...

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