Top Forex News

Live Forex news from all over the world.

Archives

Greenback Drops on GDP Data

Yesterday’s Federal Reserve announcement and the recent GDP data are putting a damper on the US dollar today. Greenback is heading lower as Forex traders mull the implications of a slowing economy.

Japanese Yen Jumps as BOJ Stays the Course

Japanese yen is gaining ground against its major counterparts after the Bank of Japan surprised markets by keeping its benchmark rate the same, and staying the course on the current stimulus package.

Higher Oil Prices Help Canadian Dollar

Canadian dollar is getting a boost today, reaching its highest level against the US dollar in about nine months, and gaining against some of its other counterparts as well. Higher oil prices are providing support to the loonie today.

Euro Maintains Strength in Forex Trading

The euro continues to show strength in currency trading on the FX market, even though stimulus is in effect, and there could be more stimulus on the way for the eurozone. Signs that stimulus efforts are having an impact are providing support for the 19-nation currency, as is the fact that the Federal Reserve has yet to truly commit to policy divergence and raise rates again.

New Zealand Trade Balance Misses Expectations, NZD Down

The New Zealand dollar weakened today after the release of the underwhelming trade balance report.

Australian Dollar Sinks After CPI Disappoints

The Australian dollar sank today as inflation data was unexpectedly weak, leading to speculation about a possible interest rate cut from the Reserve Bank of Australia.

Japanese Yen Gains Ahead of BOJ Meeting

Japanese yen is heading higher today, gaining ground ahead of an upcoming Bank of Japan meeting. There is a bit of uncertainty about what’s next for the Japanese economy, and what policymakers will do about it.

US Dollar Slightly Lower Ahead of Fed Meeting

Greenback is slightly lower today, giving up some of its recent gains as Forex traders consolidate their positions. Many analysts and traders are looking forward to the Federal Reserve meeting later this week, trying to gauge what the next move will be.

Euro Ends Trading Weak, Keeps Ground vs. Safe Currencies

The euro fell against most of its major peers this week as the outlook for the monetary policy of the European Central Bank remained dovish. The currency showed better performance against safe currencies like the Japanese yen and the Swiss franc.

Oil Gives Canadian Dollar a Bump

Canadian dollar is getting a bit of a bump against its major counterparts today, thanks in large part to higher oil prices. With oil prices gaining again, that is helping the loonie, and should provide some support for the economy, although more swings are likely.

Navigation

Menu