U.S. Dollar Retreats in Forex Trading

The U.S. dollar is retreating in forex trading today, giving up many of yesterday’s gains. Greenback is down against the pound, euro and Aussie today. Additionally, the Canadian dollar is gaining again against the U.S. dollar.

Yesterday, a less than desirable economic outlook was released by the Bank of Canada, and that, along with the general dollar rally on the Chinese interest rate hike, sent the loonie down. Today, though, the story is changing again.

U.S. dollar is showing weakness against major currencies, and the loonie is heading higher in currency trading on the FX market.

Similar Posts:

• Markets Take A Break!
• Greek Revival?
• Rough Patch Ahead?
• BOC To Leave Rates Unchanged Despite Narrowing Output Gap
• China Surpasses Japan!