Forex News

Live Forex news relevant to online currency trading

Archives

Housing Market Helps UK Pound Today

A rebounding housing market is helping the UK pound today. Sterling is higher against some of its major counterparts, even though the long-term expectations are for a downside, due to continued Brexit concerns.

New Zealand Dollar Rises Despite Falling Business Confidence

The New Zealand dollar rose against its major rivals during the current trading session even though the business confidence eased during this month.

Hungarian Forint Declines with Foreign Investment

The Hungarian forint dropped against the US dollar today as investors were reluctant to bring money into the nation’s economy.

Falling Oil Prices Continue to Weigh on Canadian Dollar

Falling oil prices are weighing on the Canadian dollar again. With economic data still a little lackluster for Canada, and a housing bubble still threatening, there isn’t a lot to support the loonie right now. As a result, the Canadian dollar is lower against many of its major counterparts.

Euro Mostly Stuck in Forex Trading

Euro is mostly stuck today, trading rangebound. Euro is mainly lower against its counterparts in Forex trading, although there are some small gains against some of the euro’s trading partners. For the most part, euro’s performance is in wait and see mode as traders await the next round of US data and the ECB interest rate decision next week.

Coming Rate Hike Sends US Dollar Higher

US dollar is gaining against all comers today, thanks to expectations that a rate hike is coming by the end of 2016. Between the latest clues in economic data and Janet Yellen’s speech in Jackson Hole last week, many expect to see at least one more rate increase from the Fed before the year closes out.

UK Pound Continues to Struggle on Brexit Fallout

Even though the UK economy hasn’t seen dramatically weak results since the Brexit vote, there are expectations that things could change in the coming months and years leading up to the actual “divorce” from the eurozone. Right now, comments from an economist are weighing on the sterling.

Aussie Moves Lower During Monday’s Trading

The Australian dollar was moving lower against its US peer during the current trading session, though currently the Aussie has trimmed some of its losses. The Australian currency also pared its losses versus the euro.

Yen Soft as Kuroda Talks About Additional Stimulus

The Japanese yen was soft today after Haruhiko Kuroda, Bank of Japan Governor, signaled that he is not afraid to add more stimulus if it would be necessary to reinvigorate the nation’s economy.

Dollar Ends Week with Gains, Supported by Yellen

The US dollar ended the week with gains against most major currencies (but not versus the Great Britain pound). The reason for the good performance was the outlook for monetary tightening, supported by comments from Fed Chair Janet Yellen.

Navigation

Menu