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With traders reacting to a slew of U.S. economic data, the U.S. dollar has moved higher on Wednesday, extending a recent upward trend.

dollar 080219 24nov21 The U.S. dollar spiked higher against its major counterparts in the New York session on Wednesday, as the nation's core personal consumption expenditure price index climbed to the highest level since 1991 in October, reinforcing hopes for a faster rate hike by the Federal Reserve. A plunge in initial...

dollar 080219 22nov21 The U.S. dollar outperformed against its major counterparts in the New York session on Monday, after President Joe Biden nominated Federal Reserve chief Jerome Powell for a second term to combat inflation and the lingering effects of the pandemic that could derail the global recovery. The White House...

dollar 080219 16nov21 The U.S. dollar firmed against its major counterparts in the European session on Tuesday, as the nation's retail sales surged more than expected in October, reinforcing expectations for a faster tightening of monetary policy by the Federal Reserve. Data from the Commerce Department showed that retail...

dollar 080219 10nov21 The U.S. dollar spiked higher against its major peers in the European session on Wednesday, after a data showed that the annual rate of inflation in the country accelerated in October to the highest level since 1990. Data from the Labor Department showed that U.S. consumer prices increased more than...

After moving to the upside early in the day, the U.S. dollar has moved modestly lower over the course of trading on Friday.

dollar 080219 05nov21 The U.S. dollar spiked higher against its most major counterparts in the European session on Friday, as the nation's job growth exceeded forecasts in October, signaling a continued improvement in the labor market as virus cases dropped. Data from the Labor Department showed that U.S. employment increased...

pound dec28 04nov21 The pound drifted lower against its key counterparts in the European session on Thursday, as the Bank of England left interest rate and the quantitative easing programme unchanged, citing uncertainty in the labour market following the end of the furlough scheme in September. Seven members of the Monetary...

With traders reacting to the Federal Reserve's monetary policy announcement, the value of the U.S. dollar has moved modestly lower during trading on Wednesday.

australiandollar may07 02nov21 The Australian dollar drifted lower against its major trading partners on Tuesday's Asian session, after the Reserve Bank of Australia left its key rate unchanged, but decided to relinquish the yield curve control program reflecting the improvement in the economy and the faster-than-expected progress...

japanyen sep19 01nov21 The Japanese yen fell against its major counterparts in the Asian session on Monday, as the country's ruling Liberal Democratic Party secured an outright majority in parliamentary election on Sunday, enabling Prime Minister Fumio Kishida to deliver stimulus measures easily to support the economy from...

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