NZD/USD - New Zealand Dollar to US Dollar

The U.S. Dollar hit its lowest level against a basket of currencies since August 2016 last week as a boatload of negative factors piled up against the Greenback, causing investors to lose confidence in the currency. September U.S. Dollar Index futures finished the week at 93.679, down 1.251 or -1.32%. The dollar was under pressure … Continue reading U.S. Dollar Sunk by Wave of Buying in Aussie, Euro

The U.S. Dollar tumbled last week against a basket of currencies, however, the loss was less than 1.00%, because the market had been trending lower for several weeks. The story of the week was actually the Australian Dollar which soared against the U.S. Dollar, gaining a whopping 2.96%. September U.S. Dollar Index futures settled at … Continue reading U.S. Dollar Tumbles after Weak Data Raises Concerns Over Interest Rates

Crude oil futures closed sharply higher on Tuesday after reversing earlier losses. Following a steady opening, the market fell sharply as investors reacted to negative reports from several bank including BNP Paribas, Barclays and Goldman Sachs. Late in the session, oil prices spiked higher after an industry report showed a greater than expected decline in … Continue reading Crude Spikes Higher after API Report Shows Bigger-than-Expected Draw

The U.S. Dollar Index futures contract posted a two-sided trade last week but still managed to close higher for the period. The index started the week strong before hitting its high for the week with the release of the minutes from the Federal Reserve’s June meeting. After a two day set-back, the index clawed back … Continue reading U.S. Dollar Supported by Fed Minutes, Strong Jobs Data