Forex News

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Pound Moves Lower as Fear of Hard Brexit Haunts Market

The Great Britain pound slipped against its most-traded peers, including the US dollar and the Japanese yen, on Friday as fear of the so-called “hard Brexit” continued to plague markets.

Australian Dollar Holds Ground During Friday’s Session

The Australian dollar held its ground against some rivals (like the US dollar) and managed to gain on the others (like the euro) during the Friday’s trading session.

Lira Little Changed After Turkish Central Bank Refrains from Rate Cut

The Turkish lira was little changed today after the nation’s central bank made a surprise decision to keep interest rates unchanged.

Australian Dollar Falls vs. US Dollar After Six Sessions of Gains

The Australian dollar went down today, falling for the first time in seven sessions against its US counterpart, after the release of macroeconomic data from Australia. While reports were mixed, markets apparently preferred to pay more attention to the bad part of the data.

US Dollar Loses Ground to Yen Amid Depressing Housing Starts Data

The US dollar appeared bearish against the Japanese yen after the US Census Bureau published the housing starts data, which came out at 1.05 million against the forecast of around 1.18 million. Housing starts represent the annualized number of residential buildings that initiated construction work during the previous month. It has a direct impact on the overall US economy because housing construction creates demand for a number of products and services. Although […]

Great Britain Pound Flat as Employment Data Gives No Direction

The Great Britain pound was little changed today as the employment report released from the United Kingdom during the current trading session was mixed, giving the currency no compelling reason to go either up or down.

Australian Dollar Struggles to Keep Rally After China’s Data

The Australian dollar rallied after China released a bunch of macroeconomic reports, though the currency struggled to keep gains and actually slipped below the opening level against the Japanese yen.

GBP/USD Rallies as Inflation Data Is Released

The British pound rose to new highs today rallying against other currencies such as the US dollar for the second day in a row. The British pound gained against other major currencies such as the US dollar and the euro after the release of UK inflation data for the month of September. The rally was triggered by the release of inflation figures today, which were higher than what analysts had forecasted. The inflation data showed that consumer prices […]

New Zealand Dollar Rallies as Inflation Beats Expectations

The New Zealand dollar rose against its major peers today, including the euro, against witch the kiwi rallied for the fifth straight trading session. The reason for the rally was the better-than-expected inflation report.

Australian Dollar Rallies After RBA Minutes

The Australian dollar rallied following the release of the October policy meeting held by the Reserve Bank of Australia. The currency also got support from rallying Asian equities and rising crude oil prices.