Live Forex news from all over the world.
The euro today rallied briefly against the US dollar after Mario Draghi‘s speech at the second annual conference of the European Systemic Risk Board in Frankfurt. The EUR/USD currency pair was on a recovery mode throughout today’s session after a major decline triggered by yesterday’s FOMC rate decision.
The GBP/USD currency pair today traded sideways after a major down slide occasioned by yesterday’s FOMC statement, which outlined a hawkish tone. The release of the public sector borrowing by the Office for National Statistics had minimal impact on the British pound even as the US dollar held on to gains made yesterday.
The EUR/USD currency pair was today trading sideways as the markets await the Fed interest rate decision scheduled for later today. The currency pair’s slight upward momentum was largely due to previous releases, which highlighted a positive outlook for most EU economies.
The New Zealand dollar rose today, reaching the highest level since August 7 and gaining for the fourth consecutive day on the Japanese yen. The currency got support from opinion polls regarding the upcoming general election in New Zealand and the current account report.
The Great Britain pound climbed today after retail sales rose last month much more than was anticipated. The currency trimmed its gains by now, losing them against the Japanese yen completely.
The US dollar weakened against a basket of its major peers on Tuesday, as traders anticipated a monetary policy decision from the Federal Reserve that will be released on Wednesday. The greenback failed to harness enough strength from solid gains in the real estate market, as the spotlight remained on possible hints of future interest rates tomorrow.
The New Zealand rose today, joining its Australian counterpart in a rally, even though the New Zealand consumer confidence dropped this month.
The Australian dollar fell today after the Reserve Bank of Australia released minutes of its latest policy meeting. The fall was very brief, though, and the Aussie has recovered against its major rivals by now. Positive housing data likely helped the currency to some degree.
The EUR/USD currency pair consolidated its daily gains around 1.1990 after the release of positive German ZEW survey data. The German ZEW survey surprised to the upside as both economic sentiment and current conditions beat expectations.
The US dollar rose against most of its major counterparts on Monday to begin the week on a positive note, as traders anticipated the outcome of the latest Federal Reserve meeting. However, solid inflation data in the eurozone pushed the euro higher against the greenback.
