The U.S. currency moved higher against the major currencies after solid U.S. economic data. Earlier today, the preliminary U.S. PMI increased to 56.7 in February from a final reading of 53.7 in January (while analysts had expected a drop to 53.0 this month). Additionally, the Labor Department said in its report that initial claims for jobless benefits fell by 3,000 to 336,000 ( slightly below expectations for a decline of 4,000), while U.S. consumer prices rose 1.6% on a year-over-year basis in January and core consumer prices (without food and energy costs) were also up 1.6% on a year-over-year basis (both in line with expectations). What impact did it have on major currency pairs? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

• Read more

Earlier today, the U.S. dollar was trading slightly above a seven-week low against the euro as yesterday’s weaker-than-expected U.S. data pushed the U.S. currency lower. However, the greenback moved higher against the British pound after data showed that the U.K. unemployment rate unexpectedly ticked higher (while analysts had expected that the jobless rate remain unchanged). Will today’s minutes from the Federal Reserve’s January meeting support the U.S. currency later in the trading day? Before we know the answer to this question, let’s take a look at the current situation in major currency pairs. We invite you to read our today's Forex Trading Alert.

• Read more

The greenback declined against major currencies after the New York Federal Reserve's Empire State index of manufacturing activity for February dropped to 4.48 this month from a 20-month high of 12.51 in January (while analysts had expected the index to decline to 9.00). What impact did it have on major currency pairs? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

• Read more

The U.S. currency was little changed near recent lows against major currencies as U.S. markets are shut for the President’s Day holiday and trade volumes remain thin. Nevertheless, it’s worth noting that the greenback declined to a four-year low against the British pound earlier today. What is the current outlook for major currency pairs? We invite you to read our today's Forex Trading Alert.

• Read more

The U.S. dollar moved little higher against major currencies after a positive U.S. consumer sentiment report. Earlier today, the University of Michigan showed that its consumer sentiment index remained unchanged at 81.2 this month, beating expectations for a fall to 80.6. What impact did it have on major currency pairs? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

• Read more