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Forex news

Eur rose after industrial production data in the euro area

10:12 am 2019-05-14

  The European currency traded in green during morning trade despite the intensification of the trade war between China and the US The traders continued industrial production data and economic confidence in Germany, which were released this morning Industrial production in the euro zone fell by 0.3% in March Eurostat said in a statement published on Tuesday that seasonally adjusted industrial production in the euro zone fell by 0.3% in March from the…More

Dollar is down after the China-US trade war fears

12:59 pm 2019-05-13

The US dollar fell against its major counterparts in the European session on Monday, as hopes of a federal interest rate cut boosted tariffs on Chinese goods last week. At the end of the US decision to raise tariffs, Federal Reserve Chairman Rafael Postic said in his speech in Mississippi that he did not rule out whether the new tariff could cut interest rates. Trump: China will be severely damaged without agreement US…More

Dollar stabilizes and Trump commenting on the definitions

12:14 pm 2019-05-10

 The dollar settled Friday's trade amid rising trade tensions between the world's two largest economies after the increase in US tariffs on Chinese imports came into effect. The Dow fell more than 100 points after Trump's comments in China  US stocks opened low on Friday after recovering slightly from yesterday's losses as traders digested the latest comments from President Donald Trump, who said tariffs on goods from China would bring "much more" …More

Currency performance diverged amid anticipation

02:48 pm 2019-05-09

The major currencies recorded mixed trading on Thursday as traders watched the tug of war over the China -US trade war.                        China said on Thursday it had kept its promises in trade talks with the United States, rejecting US accusations that it was backtracking on its commitments. "The United States has made many classifications, such as backtracking, backtracking, etc. Many promises have been made on China," Commerce Ministry spokesman Gao…More

Dollar is mixed, futures contracts are falling, and trade tensions are forecasting

10:53 am 2019-05-08

The dollar fell relatively flat on Wednesday and futures on Wall Street fell as investors expected developments in US-China trade negotiations. The talks are scheduled to continue this week, with Vice Premier Liu He arriving in Washington on Thursday China has retreated from key parts of the trade deal China has rewrote the text of the trade agreement to the United States with major changes to the text with regard…More

Dollar was higher against the euro and the pound fell on Tuesday

01:44 pm 2019-05-07

The Dollar rose as the euro diverged and the pound fell in European session on Tuesday amid risk aversion, as investors watched the latest bricast and trade talks He said party leader Nigel Brexit Faraj told a news conference on Tuesday that he believed that the new party must have a seat at the negotiating table if Brexit got the victory in the upcoming European elections. Earlier, British Prime Minister Faraj Theresa May and Labor Party leader Jeremy…More

Dollar rises amid uncertainty over developments of trade talks

11:45 am 2019-05-06

The US dollar rose as the yuan fell against the dollar on Monday amid uncertainty surrounding the future of trade negotiations between the world's two largest economies following US President George W. Bush's remarks. Over the weekend, Trump threatened to raise tariffs on Chinese goods worth $ 200 billion from 10% to 25%. At the same time, Beijing has insisted on its willingness to continue trade talks with Washington despite the US president's comments, noting that Trump has already…More

Dollar divergence after non-farm payrolls in the United States

01:04 pm 2019-05-03

The dollar was mixed on Friday as investors followed the monthly US jobs report to find signs of the state of the economy, as well as await developments on a negotiated settlement of the US-China trade dispute. Non-farm payrolls rose by 263,000 in April Nonfarm payrolls in the United States rose by 263,000 in April, exceeding the projected 185,000, the US Bureau of Labor Statistics reported on Friday. The US unemployment rate fell to 3.6%, the…More

Eur fell against major currencies after inflation data

10:57 am 2019-05-03

The euro traded lower on Thursday after the release of inflation data in the euro area in addition to the UK services activity index Inflation in the euro area jumps to 1.7% in April Consumer prices in the eurozone rose 1.7% in the year to April, according to Eurostat's first estimate. Reading is the highest since November. The initial inflation report released on Friday showed energy prices rose to 5.4% from 5.3%, but the rate rose sharply in…More

Bank of England sets interest rates and Carney comments on the interest rate decision

12:30 pm 2019-05-02

Mark Canary, speaking at the press conference that followed, the Bank of England unanimously agreed on Thursday to keep its key interest rate at 0.75% in an attempt to meet the inflation target of 2%. The MPC also voted unanimously to maintain a stock of corporate bond purchases of £ 10 billion and purchases of UK government bonds at £ 435 billion. Local tensions in the UK remain …More

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