Forex News

US Dollar Strengthens on Fed Vice Chairman’s Hawkish Statement

According to Federal Reserve Vice Chairman Richard Clarida, the central bank is on track to meet its economic goals by…

3 years ago

China’s Manufacturing Growth Hits 17-Month Low

The Chinese National Bureau of Statistics (NBS) manufacturing PMI declined to 50.40 in July, from 50.90 in June and missed…

3 years ago

Aussie Declines On Rising Covid-19 Cases & Two Month Low Iron Ore Prices

The Australian dollar declined against the dollar, the pound, and other major currencies as the price of iron ore with…

3 years ago

US dollar Strengthens on Increasing Demand for Safe Haven Assets

The dollar index has continued to rise, approaching a four-month peak of 93.19 reached on Wednesday, as appetite for safe-haven…

3 years ago

Aussie Remains Weak as Covid-19 Delta Variant Threatens RBA Plans

The Australian Dollar's trend remains bearish for the time being, according to Morgan Stanley analysts, who are apprehensive about the…

3 years ago

Yen Continues to Trade Near Four-Week High as Vaccination Gathers Pace

The Bank of Japan left the near-term benchmark interest rate unaltered at -0.1% and maintained the target for the 10-year…

3 years ago

Aussie Up on Strong Chinese Trade Data

Following the publication of several better-than-anticipated Chinese statistics, the Aussie was seen eclipsing its rivals, confirming that events in the…

3 years ago

Pound Galloped Against Loonie In spite of Positive Job Data from Canada

The Pound-to-Canadian Dollar exchange rate rose in the closing session of the week, as the Loonie seemed to ignore stronger-than-anticipated…

3 years ago

Aussie Strengthens on RBA’s Decision to Taper Bond Purchases

The Australian Dollar remains the top performing major currency so far this week following the Reserve Bank of Australia (RBA)…

3 years ago

UK’s Tilt Away from the EU Could Eventually Put the Pound at Advantage

As per recent research from BMO Capital Markets, the UK's evolving trade agreement with the EU and the rest of…

3 years ago