Forex News

Live Forex news from all over the world.


Canadian Dollar Jumps as BoC Statement Doesn’t Show Dovishness

The Canadian dollar jumped following the monetary policy meeting of the Bank of Canada as the central bank’s statement turned out to be not as dovish as market participants were expecting.

Improving Trade Balance Helps NZ Dollar Weather China’s Downgrade

The New Zealand dollar fell together with other commodity currencies after the surprise cut of China’s credit rating (the fact that the Asian country is the biggest trading partner of New Zealand was not helping the matter). Yet the currency has recovered as of now, partially due to the help of positive domestic data.

Chinese Yuan Falls After Moody’s Downgrade, Recovers

The Chinese yuan slipped against the US dollar today (though it has trimmed the losses by now) after Moody’s Investor Service made a surprise cut of China’s credit rating for the first time in almost three decades.

US Dollar Struggles to Rise on Disappointing Data and Political Risks

The US dollar struggled to rise against the euro and other major currencies on Tuesday as traders continued to be concerned about political instability in the United States. The greenback was met by additional resistance as it attempted to move higher today due to a drop in new home sales and a disappointing reading for an index that tracks manufacturing activity.

Euro Declines Against US Dollar Despite Positive Eurozone PMI Data

The EUR/USD currency pair today hit a new session high during the European session before retracing all of its gains during the North America session. The pair had rallied higher on positive Markit Eurozone Composite PMI data and Germany’s Manufacturing PMI data, which met expectations.

US Dollar Weakens as Traders Remain Concerned About Political Instability

The US dollar weakened against a basket of its major counterparts on Monday as political woes continued to loom over the market, which reduced demand for the greenback. A cautious trading mood ahead of major data releases this week drove an index of the strength of the US currency to its lowest level since October 2016.

EUR/USD Rallies Higher on Angela Merkel’s Comments

The EUR/USD currency pair today rallied higher during the European session after German Chancellor, Angela Merkel, blamed the euro’s weakness on the European Central Bank. The lack of economic releases from both the US and the European dockets made the currency pair especially sensitive to Merkel’s comments.

US Politics Lead to Awful Week for Dollar

The US dollar has ended the week as the weakest major currency as controversies surrounding US President Donald Trump erased the appeal of the currency to investors, driving the greenback to the lowest level since he became a president.

USD/JPY Declines to New Lows on Broad US Dollar Sell-Off and Dovish Fed Comments

The USD/JPY currency pair posted a minor recovery from yesterday’s losses during the Asian session, but these gains were quickly reversed during the early North American session. The pair seemed to recover briefly as the uncertainty around Donald Trump‘s presidency waned slightly, but went ahead to establish a sideways trend as the selling pressure on the greenback increased after James Bullard‘s dovish comments.

US Dollar Plummets Against Euro to Lowest Level Since Trump Election Victory

The US dollar plummeted against the euro on Friday to touch its weakest level since Donald Trump won the US presidential election in November 2016. The greenback had a bad week as traders became worried that the president may face strong political resistance to his economic agenda following the aftermath of his sudden termination of Federal Bureau of Investigation Director James Comey.