Forex News

Live Forex news from all over the world.


Yen Firm on Risk Aversion, Pays Little Attention to Accelerating CPI

The Japanese yen gained at the start of Friday’s trading session and was trading sideways since then. The currency largely ignored positive domestic macroeconomic data, and the likely reason for the previous rally was investors’ desire for a safe haven.

Swiss Franc Loses Gains Caused by Trade War Fears

The Swiss franc rose intraday during the current trading session on fears of trade wars, particularly between the United States and China, but has lost its gains by now.

US Dollar Recovers After Sell-Off Caused by Fed Announcement

Today, the US dollar was recovering after yesterday’s sell-off caused by the policy announcement from the Federal Reserve. Initially, the greenback extended its decline during the current trading session but managed to reverse movement and is now trading above the opening level against almost all most-traded currencies, with the exception of the Japanese yen.

Pound Spikes Higher on BoE Rate Decision, Declines on Brexit Worries

The British pound today declined against the US dollar after the Bank of England left its monetary policy intact including the bank rate and the asset purchase program. The pound initially spiked higher following the BoE announcement, but quickly headed lower as investor sentiment towards the pound shifted on Brexit worries.

AUD Doesn’t Join Rally vs. USD, Dragged Down by Employment Data

The Australian dollar was the only major currency that did not rise against the US dollar today. The reason for that was underwhelming employment data in Australia.

NZ Dollar Mixed, Pays Little Heed to RBNZ Policy Announcement

The New Zealand dollar was mixed today, rising against some currencies and falling versus others. The kiwi paid little attention to the policy announcement from the Reserve Bank of New Zealand, trading sideways following the decision.

EUR/USD Declines Sharply on Weak Eurozone Markit PMIs

The EUR/USD currency pair today declined sharply following the release of weak Eurozone Flash PMIs by IHS Markit in the early European session. The pair’s decline was triggered by disappointing PMI reports such as the Markit Germany Composite PMI, which came in below expectations.

GBP/USD Rallies Higher on Positive UK Labour Market Report

The GBP/USD currency pair today rallied to new highs following the release of the UK labour market report for March. The report indicated that wages for workers in the UK had improved greatly, which shifted investor sentiment towards the pound, and triggered the pair’s rally.

Positive Economic Data Fails to Support New Zealand Dollar

The New Zealand dollar fell against other major currencies and, similarly to its Australian counterpart, ignored domestic macroeconomic data, which was extremely good.

Australian Dollar Falls Even as Leading Index Improves

The Australian dollar erased its intraday gains versus the US dollar and fell against other most-traded currencies today even as Australia’s leading indicators were improving.