The dollar is losing ground against all of its major competitors on Wednesday. Investor concerns over a potential U.S. military strike on Syria continued to ease after President Barack Obama asked Congress to delay its vote on military action. The easing tensions have sparked an increase in the risk appetite of investors. In his speech
The Australian dollar extended its early Asian session rally in late trading on Tuesday as China’s industrial production and retail sales grew more than economists had expected in August. Solid economic data from China boosts demand for raw materials from Australia as China is Australia’s biggest trading partner and the key export destination for its
The dollar is declining against all of its major competitors on Monday as concerns over a potential intervention in Syria continue to weigh on investor sentiment. Congress returns from its summer recess to debate a resolution authorizing military action this week. President Barack Obama is scheduled to deliver a national address Tuesday evening, in an
The dollar is retreating from recent gains against its major competitors at the end of the week, following the release of the weaker than expected jobs report for August. The situation in Syria also remains a concern among investors, especially after comments made today by Russian President Putin. Putin stated at the G20 Summit in
The dollar is weakening against all of its major competitors on Tuesday. Investor concerns over potential tapering of stimulus measures by the Federal Reserve are responsible for the currency’s weakness. Investors are awaiting the release of the minutes from the Federal Open Market Committee’s two-day meeting held on July 30 and 31, which are slated
