Forex News

Live Forex news relevant to online currency trading


ECB Policy Statement Leads to Weekly Losses for Euro

One of the most important events this week was the monetary policy decision from the European Central Bank. While the ECB did not change its policy, the accompanying statement was dovish enough to send the euro crashing down against most other major currencies.

Dollar Rallies Against Rivals During Friday’s Trading

The US dollar was flat against the Japanese yen but rallied against other most-traded currencies during the Friday’s trading session. The major reason for the currency’s strength remained the outlook for an interest rate hike in December.

CAD Turns Lower After Data Fails to Reach Consensus Forecast

The Canadian dollar went down today, falling for the third consecutive trading session against the Japanese yen, after economic reports released by Statistics Canada missed market expectations.

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.