Forex News

Live Forex news from all over the world.


Euro Trades Lower on Mario Draghi’s Dovish Comments

The euro today dropped to new lows against the US dollar following the ECB President Mario Draghi‘s dovish comments during a speech in Frankfurt. Mixed releases from the Eurozone such as Germany’s Consumer Price Index for February could not reverse the euro’s decline.

Australian Dollar Climbs, Supported by Domestic & Chinese Data

The Australian dollar climbed against its most-traded peers today after the release of macroeconomic data, both domestic and in China.

Swedish Krona Gains as Inflation Remains Stable

The Swedish krona rose today after the report that showed inflation remained stable in Sweden last month.

EUR/USD Rallies Higher on Trump Firing Rex Tillerson

The EUR/USD currency pair today rallied to new highs after President Trump fired Rex Tillerson as Secretary of State and nominated Mike Pompeo the CIA Director as his replacement. The pair was on an uptrend from the early European session after the European Central Bank‘s Governing Council member, Philip Lane hit the wires stating that the bank was not worried about the euro’s current level.

Yen Drops Against Other Most-Traded Currencies

The Japanese yen slumped against basically all most-traded currencies today. At the present time, it is hard to say whether it is because of the poor macroeconomic data or the political scandal.

Aussie Drops Even as Business Conditions Index Reaches Record High

The Australian dollar dropped today against its most-traded rivals, though not against the extremely weak Japanese yen, even as Australia’ business conditions index reached a record high. Yet by now, it looks like the currency managed to pare its losses.

Japanese Yen Rallies Following Poor Domestic Data

The Japanese yen rallied against its most-traded peers today even as macroeconomic data released in the Asian nation over the trading session was rather poor.

Australian Dollar Fails to Maintain Rally Despite Positive Fundamentals

The Australian dollar attempted to rally today but failed and has lost gains versus most of its major rivals by now.

USD/CAD Declines on US and Canadian Employment Reports

The USD/CAD currency pair today declined to new lows after the release of mixed employment reports from both the USA and Canada. The currency pair was on a downward trend from earlier in the session after President Donald Trump exempted Canada and Mexico from the new steel and aluminum tariffs.

GBP/USD Trades Sideways on Weak UK Macro Releases

The GBP/USD currency pair today traded in a tight range following the release of several UK macro reports, most of which did not meet expectations. The currency pair lacked enough momentum to rally higher following yesterday’s massive decline occasioned by higher demand for the US dollar.