Forex News

Live Forex news from all over the world.


Canadian Dollar Logs Weekly Losses as Trade War Fears Grow

The Canadian dollar slumped this week due to risk aversion caused by concerns about potential trade wars between the United States and other countries, China in particular.

USD/CAD Rallies Higher on Mixed US Releases

The USD/CAD currency pair today rallied slightly higher as the Canadian dollar weakened against its US counterpart following mixed US macro releases. The loonie was largely weaker against the greenback despite slightly positive crude oil prices, which usually boost the currency.

EUR/USD Declines Despite Weak US Housing Data

The EUR/USD currency pair declined significantly after the release of weak US housing data. The currency pair ignored the disappointing US housing report as investor sentiment towards the pair shifted in favor of the greenback leading to the pair’s decline.

NZ Dollar Driven Down by Economic Data, Risk Aversion

The New Zealand dollar dropped today, joining other commodity-geared currencies in decline, driven down by domestic macroeconomic data as well as the general risk-averse market sentiment.

Australian Dollar Declines amid Trade War Concerns

The Australian dollar fell along with other commodity currencies today amid concerns about the planned tariffs in the United States that may hamper global growth.

Canadian Dollar Fails to Find Support from Positive Fundamentals

The Canadian dollar dropped against its most-traded rivals today. That was puzzling considering that the employment report released during the trading session was good and crude oil prices rose.

Dollar Receives Support from Fed Policy Outlook & Economic Data

The US dollar gained against the basket of major currencies today (though fell versus the Japanese yen) amid speculations that the Federal Reserve is going to raise interest rates next week. Positive macroeconomic data also provided support to the US currency.

Norwegian Krone Gains as Norges Bank Hints at Interest Rate Hike

The Norwegian krone rallied today after the nation’s central bank kept its monetary policy without change but hinted at a possibility of an interest rate hike in the near future.

Swiss Franc Drops as SNB Keeps Monetary Stimulus

The Swiss franc slipped today after the nation’s central bank kept monetary policy unchanged and showed not intention to tighten its unconventional accommodative policy.

GBP/USD Declines as Britain Expels Russian Diplomats

The GBP/USD currency pair declined after news emerged that the UK government had expelled 23 Russian diplomats following the poisoning of a Russian ex-spy. The currency pair traded choppily today as it had spiked higher following the release of the US advance retail sales data, which did not meet expectations.