fxnet news

Australia was in focus today as the Reserve Bank of Australia released its minutes of the last policy meeting. The central bank revealed that while it kept the interest rate unchanged, it did not close off the possibility of reducing the rate further should that be “appropriate to support...

The USD performance scored impressively high during yesterday's N.Y. trade. Moving into a festive season and a very calm market, what is bound to shake the waters, is next week's FOMC announcement. Please see below how some of the currency pairs performed yesterday: EUR/USD - After ECB's...

The dollar was weaker on Wednesday as there was no data to move the markets, but there will be some action on the U.S. economic calendar today, as initial jobless claims and retail sales are on deck. EUR/USD ground its way through sellers into the 1.3800 level, with the eventual target over...

The euro and sterling edged higher in Asia today, while the dollar was little changed against the yen. There were no key economic data releases during the session, and market sentiment kept yesterday’s risk-on mood, continuing from Friday’s upbeat US jobs numbers. The euro climbed to a...

The Australian dollar was the worst performer in the Asian session after dropping 1% against the US dollar on disappointing GDP data. AUDUSD fell to a three-month low to $0.9045 after the data that showed the Australian economy grew less-than-expected in the third quarter at 0.6% versus 0.8%...

The main economic news during the Asian session was out of Australia, with various headlines and data giving the Aussie a roller-coaster ride. Australian retail sales were better-than-forecast, lifting the AUDUSD to an early session high of $0.9133. Then the Reserve Bank of Australia knocked...

The euro briefly made a one-month high versus the dollar early on Wednesday and briefly brushed the key $1.3600 level. The strength was partly due to positive news from Germany that German Chancellor Angela Merkel reached a deal with the Social Democratic party (SDP) after weeks of negotiations...

The yen was supported by safe haven demand today after the release of a slightly dovish Bank of Japan policy meeting minutes. The minute from last week’s meeting showed some concern about Japan’s economic outlook and whether the central bank’s 2% inflation target could be met. Meanwhile, soft...

The US dollar is broadly stronger against its major G10 counterparts on Monday while the yen remains weak as a result of a sell-off due to outflows from safe havens like itself. The more risk-on market sentiment today was boosted by a deal reached over the weekend to curtail Iran’s nuclear...

The dollar remains bullish against the yen, while the euro hit a new four-year high against the Japanese currency in today’s Asian session. Bank of Japan Governor Kuroda kept markets speculation that the yen will weaken over time as the BOJ continues with its aggressive monetary easing policy...

The yen dropped to its weakest level in four months versus the broadly stronger US dollar in today’s Asian session. USDJPY hit a session high of 100.80 yen and ended the session with a 0.6% gain at 100.70 yen. The diverging monetary policies between the Bank of Japan and the Fed are...

Market sentiment remains positive as it is still being characterized by the loose monetary policies of the world’s major central banks – Federal Reserve, European Central Bank and Bank of Japan. Last week, the Fed President nominee Janet Yellen signaled she will continue the Fed’s stimulus...

The European session was relatively quiet as would be normal for a Friday, with most currency pairs consolidating the past couple of days’ moves. There was a lot of volatility yesterday as a result of news flow and economic data. Markets are digesting the news surrounding Janet Yellen’s...

The yen weakened further during the Asian session and is on course to end the week with losses as demand for safe haven assets fell. Market sentiment is high and risk appetite has been propped up due to continued economic stimulus measures from major central banks, especially from the Federal...