Forex News

Live Forex news relevant to online currency trading


Mexican Peso Soars After Second US Presidential Debates

The Mexican peso rallied today after the second US presidential debates ended and it looked like chances for victory in the race remained in favor of Hillary Clinton.

Yen Recovers After Dropping on Kuroda’s Comments

The Japanese yen slipped during the current trading session Haruhiko Kuroda, Bank of Japan Governor, pushed back date for reaching the target inflation level. The has currency managed to recover after the initial drop and trades near the opening level as of now.

US Dollar Ends Week with Gains Despite Weak NFP

The US dollar ended the week with gains against other most-traded currencies even as economic data released from the United States over the week was disappointing. The greenback even gained against the Canadian dollar which should have been supported by Canada’s amazing jobs data.

Great Britain Pound Crashes to New Lows Only to Recover Immediately

The Great Britain pound demonstrated a flash crash to a new 31-year low today only to recover very quickly. There were different theories about possible reasons for such behavior.

Euro Falls vs. Safer Rivals, Firm vs. Other Peers

The euro fell against its safer counterparts today but gained on the Great Britain pound at the same time. The shared 19-nation currency was also flat-to-higher against commodity currencies.

Great Britain Pound at New 31-Year Low

The Great Britain pound sank today, reaching a new 31-year low, as fears of Brexit continued to plague the currency. Coupled with the extremely loose central bank’s monetary policy, that makes the currency completely unattractive to traders (with the possible exceptions of bottom pickers).

Dollar Strong Ahead of Non-Farm Payrolls

The US dollar continued to dominate the Forex market today, rising against its major peers, as traders continued to speculate about the possibility of an interest rate hike in December.

Swiss Inflation Misses Forecast, Makes Franc Weak

The Swiss franc was soft today despite the risk-negative sentiment that should have supported the currency. Yet the worse-than-expected inflation data did not allow the currency to rally.

Australian Dollar Trades Lower Even as Trade Deficit Shrinks

The Australian dollar fell today against its major peers even though economic data released during the trading session showed that Australia’s trade balance deficit shrank in August. The likely reason for the currency’s poor performance were expectations of monetary tightening from the US Federal Reserve.

Canadian Dollar Stays Flat After Mixed Trading

The Canadian dollar was little changed during Thursday’s Asian trading session after demonstrating mixed performance during the Wednesday’s session.