Forex News

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EUR/USD Rallies After Release of the Eurozone’s Current Account Balance

The EUR/USD currency pair rallied briefly earlier today after the release of the Eurozone’s current account balance, which recorded a minimal surplus, by the European Central Bank. The euro was stronger even as the US dollar came under renewed selling pressure during the early North American session.

US Dollar Weakens as Doubts Grow Against Trump Tax and Spending Plans

The US dollar weakened on Wednesday against the euro and the British pound, and touched its lowest level against the Japanese yen in four months. Doubts grew between investors toward the promises of President Donald Trump to cut corporate taxes and raise infrastructure spending, which have weighed on the greenback.

AUD/JPY at Lowest Since January

The Australian dollar dropped during the current trading session, reaching the lowest level in more than two months against the Japanese yen. Both domestic and overseas fundamentals contributed to the drop of the currency.

Yen Climbs vs. Dollar to Highest in Four Months

The Japanese yen rallied today, reaching the highest level since November against the US dollar. The currency got boost from both domestic fundamentals and the cautious general market sentiment.

US Dollar Falls Against Major Peers on Concerns About Trump Administration

The US dollar retreated against its main counterparts on Monday to touch its lowest level in 7 weeks, as concerns grew between traders that the economic plans of the Donald Trump administration might face difficulties.

GBP/USD Consolidates Gains Made After Release of UK CPI Data

The GBP/USD today maintained the gains made after the release of UK Consumer Price Index data for February released by the Office for National Statistics, which beat expectations. The currency pair was largely unaffected by the better-than-expected US currenct account deficit.

Canadian Dollar Falls Against US Peer as Oil Prices Fall

The Canadian dollar retreated against its US counterpart on Monday, following a decline in the prices of crude oil as investors became concerned about growing global supply. The loonie moved further south after a meeting between finance ministers of member countries in the Group of Twenty ended with a decision to drop a pledge to support free trade.

US Dollar Demonstrates Mild Recovery During the American Session

The US dollar today demonstrated a mild recovery against its main peers during the early North American session boosted by the stronger US Dollar Index. The US Dollar today demonstrated a recovery trend against the euro and the Japanese yen initiating a brief pause in the selling pressure that has plagued the currency since last week.

Great Britain Pound’s Future Hangs on Inflation Data

The Great Britain pound rallied last week, not least due to Bank of England’s policy statement that was less dovish than market participants had anticipated. But will the currency be able to maintain gains amid Brexit uncertainty and fears?

US Dollar Trades near Lowest Level in More Than a Month

An index that tracks the strength of the US dollar traded on Friday near its lowest level since February 6, even as the greenback recovered some of its losses against the euro and the Canadian dollar today. Investors paid little attention to mixed data in the United States today, as anticipation built up for a meeting between the finance ministers of the Group of Twenty.