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Forex news

The Dollar declined against the major currencies during early trading

08:03 am 2018-11-16

  The dollar traded lower in Asian trading as news sprang from unrest in the UK, or China-US talks on trade tensions On the other hand, the Dow Jones industrial average jumped more than 250 points on Thursday. Earlier, it was reported that the United States and China are intensifying efforts to resolve the trade dispute at the G20 summit in Buenos Aires at the end of the month. US Trade Representative Robert Laetizer told some industry executives that the next set of tariffs on Chinese goods is already pending.More

Pound fall as UK ministers split over the exit agreement

09:50 am 2018-11-15

 The British pound fell against a basket of currencies on Thursday as investors closely followed the political turmoil surrounding the UK's exit from the European Union. The pound reacted to news of the resignation of Minister of Finance, Dominique Rapp, after British Prime Minister Theresa May confirmed that her cabinet supports the draft exit deal. Meanwhile, Northern Ireland's Minister of State, Shiles Fara, resigned earlier in the day. Labor party describes Brixett deal as "miserable failure" Kier Stermer, secretary of the Labor Party's Brixit, criticized…More

The Australian Dollar rallied after strong employment data

07:34 am 2018-11-15

 The Australian dollar rose against its major counterparts in the Asian session on Thursday, after data showed that the country's unemployment rate fell more-than-expected in October, while employment rose. Data from the Australian Bureau of Statistics showed Australia's unemployment rate was seasonally adjusted at 5.0% in October. The Australian economy added 32,800 jobs last month - beating expectations of 20,000 after adding 7,800 jobs the previous month. High risk spirit The currency boosted risk appetite as British Prime Minister…More

The dollar decline and the stability of the pound as Powell speech and inflation data

09:39 am 2018-11-14

The US dollar fell in Wednesday's trading but is still near a 16-month high supported by the possibility of a rate hike in December and ahead of inflation data due later today. While the pound fell below 1.30 ahead of the British prime minister's main meeting to discuss the draft agreement on Britain's exit from the EU after more than a year of talks. British exit agreement In the same context, a member of parliament from Northern Ireland's Democratic Unionist Party, Jeffrey Donaldson, said…More

Eur fell after German GDP data

08:26 am 2018-11-14

 The German economy fell faster than expected in the third quarter, the first decline since the first three months of 2015, according to preliminary figures from the Federal Statistics Office on Wednesday. GDP fell seasonally adjusted and adjusted 0.2 percent in the three months to September, after expanding 0.5 percent in the second quarter. Economists had expected a 0.1 percent drop. The recent decline in gross domestic product was the worst since the first quarter of 2013, when the economy fell 0.3 per cent. On the basis of the…More

The euro is down against most major currencies after inflation data in Germany

09:25 am 2018-11-13

  The euro fell during European trading in most of the major currencies as a number of data were issued, the most important of which was Germany's inflation, which hit its highest level in ten years in addition to the differences in the budget and the tensions with the rest of the Union German inflation at the highest level in ten years The German Federal Statistics Office said on Tuesday that consumer data accelerated last month, confirming initial data. The index rose 2.5% on an annual…More

Dollar divergence in major currencies amid reports of talks to ease trade tensions

07:15 am 2018-11-13

 The dollar was mixed against major currencies as the yuan rose against the dollar on Tuesday after reports that US Treasury Secretary Stephen Menochin had resumed talks with Chinese Vice Premier Liu Hee. The United States and China in talks to ease trade tensions US Treasury Secretary Stephen Manuchen spoke with Chinese Vice Premier Liu Hee on possible easing of trade tensions ahead of the G20 meeting in Buenos Aires, the Wall Street Journal reported, quoting officials familiar with the conversation. The…More

The Dollar rallied and the Pound retreated against the currencies in morning trading

08:50 am 2018-11-12

The dollar rose to a 16-month high against a basket of currencies on Monday amid expectations that the Federal Reserve will continue to raise interest rates in December and beyond, while fears about Britain's exit from the euro Theresa May cancel the main cabinet meeting on the bricast British Prime Minister Teresa Mae has canceled a cabinet meeting dedicated to Britain's exit from the European Union, scheduled for Monday. "The cabinet will meet normally on Tuesday, but I can not say whether that…More

Dollar rises as Fed confidence rises in economy

08:52 am 2018-11-09

  The dollar rose on Friday after the Federal Reserve kept interest rates unchanged at the November meeting. The dollar also tumbled after Thursday's data, which showed initial jobless claims fell by 12,000 to 215,000 seasonally adjusted for the week ending Nov. 3, .   The US currency received support from the central bank's positive assessment of the US economy and hint at a rate hike in December as it continues to be gradually lifted. The Fed maintained confidence that "economic activity was rising at a strong rate." GDP growth averaged 3.3%…More

Dollar rallies against major currencies ahead of Fed decision

09:55 am 2018-11-08

 The dollar rose against a basket of currencies on Thursday as investors turned their attention to the Fed's monetary policy announcement later in the day, while the pound remained above the 1.30 level on optimism about Britain's break-up.  Brexit There was optimism about the bricast, despite Irish Prime Minister Leo Varadkar's tough tone during his speech at the 2018 European People's Congress (EPP) meeting in Helsinki. Ireland would not ease its stance on support when it comes to Britain's exit agreement from the European Union.…More

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