Forex News

Live Forex news relevant to online currency trading


Dollar’s Performance Lukewarm During Trading Week

The US dollar demonstrated a tepid performance during the past trading week, rising against the euro, falling versus the Japanese yen, and the week close to the opening level against most other major currencies.

Canadian Dollar Edges Higher Against US Counterpart on Strong Inflation Data

The Canadian dollar moved higher against its US counterpart on Friday, following fresh data that revealed that Canada’s inflation improved to a healthier level. However, the loonie’s gains against the greenback were limited as new home sales improved in the United States, which supported the US dollar.

US Dollar Rallies Briefly After Release of Home Sales Data, Later Retraces Gains

The US dollar rallied briefly against its main competitors after the release of new homes sales data for the month of January as reported by the Census Bureau. The greenback’s brief rally was also supported by the release of a positive consumer confidence index report for February as tracked by the University of Michigan.

Pound Heads to Weekly Gains Despite Falling on Friday

The Great Britain pound fell today but remained on track to weekly gains as political uncertainties in the United States and the European Union drew traders’ attention away from the Brexit.

Canadian Dollar Rises Against US Peer Ahead of Consumer Price Index Data

The Canadian dollar rose against its US counterpart on Thursday, as traders anticipate the release of the Canadian consumer price index data tomorrow. Another release from the US Federal Reserve on Wednesday contained no strong signals for an interest rate hike in March, which left the greenback unsupported today.

US Dollar Plummets After Steven Mnuchin Interview and Jobless Claims Data

The US dollar today plummeted to new lows today after the US Treasury Secretary Steven Mnuchin failed to clarify the details of Donald Trump’s ‘phenomenal tax’ plan during an interview. The greenback was also affected negatively by the higher-than-expected initial jobless claims data for last week.

Aussie Bounces After Intraday Drop

The Australian dollar dipped intraday, but the losses were short-lived, and the currency has climbed above the opening level by now. Other commodity currencies, like the Canadian and New Zealand dollar, demonstrated the similar performance during the Thursday’s trading session.

Pound Gains on Dollar & Euro After Retail Sales Data

The Great Britain pound rose against the US dollar and the euro today thanks to improving retail sales, though analysts were not entirely optimistic.

Canadian Dollar Falls, Trims Losses After Fed Minutes

The Canadian dollar fell on Wednesday due to the drop of crude oil prices and unfavorable domestic macroeconomic data. The currency managed to trim its losses after the release of policy minutes from the Federal Reserve.

British Pound Drops Against US Dollar Despite Positive Revision for UK GDP

The British pound dropped against its US counterpart on Wednesday, even as the gross domestic product growth in the United Kingdom during the last quarter of 2016 was revised higher. Demand for the US dollar was higher today following the release of the minutes of the Federal Reserve’s latest policy meeting, which signaled that interest rates could be raised soon.