Forex News

US Dollar Index Rebounds from 2-Month Lows Despite Weak Retail Sales Data

After a series of significant declines in recent trading sessions, the US dollar recovered little ground in Friday's trade. The…

3 years ago

Euro Declines on Fed Rate Hike Expectations, Contradicting Eurozone’s Pandemic Low Unemployment Rate

In European trade on Monday, the euro sank versus its most important rivals, as European markets fell before the release…

3 years ago

US Dollar Strengthens on Upbeat ADP Non-Farm Data and Safe Haven Asset Demand

The US dollar strengthened against its main rivals on Monday, as an increase in coronavirus infections throughout the world boosted…

3 years ago

GBP/CAD Pair On Course to Test 1.73 in the Week Ahead

Since the beginning of December, the GBP/CAD conversion rate has regained roughly 75% of its fall recorded in the past…

3 years ago

US Dollar Records its Worst Week Since August

The dollar index stayed near 96 Friday, indicating that it is on track to have its terrible week after August…

3 years ago

US Dollar Strengthens as PCE Consumer Prices Hit 39-Year High

Following a 0.4 percent decline in the earlier trading session, the dollar index traded almost unchanged to slightly higher on…

3 years ago

US Dollar Poised for Further Uptrend Against Canadian Dollar

While the Canadian dollar was trading about 1.284 in mid-December, it had weakened from a roughly one-week peak of 1.27933…

3 years ago

South African Rand Has Bottomed Out

Three consecutive daily advances has assisted in fueling the South African rand to the forefront of the performance rankings amongst…

3 years ago

Pound Gains Ground Against its Peers As BoE Lifts Rate Unexpectedly

The Bank of England increased its key interest rate by 15 basis points to 0.25 percent, prompting a rally in…

3 years ago

Kiwi Dollar Hovers Near 13-Month Low on Expectations of Further Policy Tightening by US Fed

On Wednesday, the New Zealand currency dropped below 0.6760 versus the US dollar, holding at 13-month lows and being sensitive…

3 years ago