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Forex news

Greenback was mixed against major currencies at end of weekly trading

03:12 pm 2019-06-14

The dollar was slightly different after the US consumer confidence index of the University of Michigan for June at 14:00 in central Europe, where the dollar was little changed against major currencies.  Consumer sentiment fell in June in the United States The results of a regular consumer survey conducted by the University of Michigan showed that confidence had worsened after the May recovery. Initial reading of the headline index, published on Friday, fell…More

Eur traded against the major currencies after the euro zone data

10:31 am 2019-06-13

The second most important currency in the international monetary system has seen an increase in its role from a record low last year and early 2019, according to a report released by the European Central Bank on Thursday. The euro's share of foreign exchange reserves worldwide rose by 1.2 percentage points to 20.7 percent at constant rates, with the outstanding amount falling by 0.2 percent in dollar terms. "Many emerging-market economies have sold their foreign exchange reserves to…More

Dollar fell on anticipation of trade tensions and interest rates

09:40 am 2019-06-12

The dollar fell for a second straight day on Wednesday on growing expectations for US interest rate cuts next week as high-yielding currencies suffered from continuing trade tensions. The US dollar was trading near two-month lows against a basket of currencies on Wednesday, as expectations that the Federal Reserve may cut interest rates in the coming months in response to the impact of global trade tensions that caused the currency pressure. Investors are now focusing on the…More

Dollar is trading near two-month lows against major currencies

10:08 am 2019-06-11

The dollar held above a two-and-a-half month low on Tuesday after US President Donald Trump said he was ready to impose more fees if talks with Chinese President Xi Jinping at the G20 meeting did not make progress. Between will respond firmly to the escalating tensions  China does not want a trade war with the United States, although it does not fear a single war, the Foreign Ministry said on Tuesday, noting that "its doors have always…More

Sterling hits losses against major currencies after pessimistic data

10:42 am 2019-06-10

 British currency fell against the dollar on Monday after a string of disappointing macroeconomic reports. Where it gave up its gains against its other major counterparts as markets appeared to have weighed the effects of uncertainty in Britain's exit from the EU and expected a decline. UK GDP growth to 0.3% in the quarter to April UK gross domestic product (GDP) rose 0.3% in the quarter to April compared to the previous three months, according to monthly…More

Euro is rising against major after inflation and unemployment data

09:57 am 2019-06-04

The euro recorded strong gains during the European session on Tuesday after a number of European data, notably the decline in unemployment and low inflation  Unemployment in the euro area at 7.6% in April The eurozone unemployment rate fell to 7.6% in April from 8.4% a year ago and 7.7% in March, the Eurostat said on Tuesday. Unemployment in the entire EU reached 6.4%, down 0.6 percentage points year-on-year. A total of 12.5…More

Dollar fell against currencies with the exception of a trade agreement

11:13 am 2019-06-03

Dollar  recorded red trading during the opening of weekly trading as the trade conflict intensified and the possibility of reaching an agreement between China and the United States soon Exclude the conclusion of a trade agreement between China and the United States CNBC analysts said on Monday that a trade agreement between China and the United States was unlikely to be held at the G20 summit in Japan later this month.More

Eur is falling as German bunds hit record highs and stocks plummeted

11:47 am 2019-05-31

 US President Donald Trump's decision to escalate the dispute with Mexico over illegal immigration by imposing a 5 percent tariff on goods from neighboring countries raised investor aversion to risk on Friday. Apart from escaping to relative safety of the Japanese Yen, major government bonds benefited most, with yields reaching new lows. While the Japanese yen also benefited from risk aversion, supported by the current trade war with China. DAX is down 2%…More

Dollar stabilized against the currencies ahead of GDP data

10:51 am 2019-05-30

The dollar's performance against the majors remained steady as investors assessed the impact of trade developments on global growth and expected a revised US GDP reading in the first quarter later Thursday. The prices of precious metals, exchange rates and oil have not changed, as investors waited for news on the front of the trade war and the financial dispute between Italy and the EU. The yield on ten-year Spanish bonds today again hit a record low of 0.717%…More

Euro is mixed after the ECB is warning of a trade war

12:02 pm 2019-05-29

Euro  was mixed against major currencies in Wednesday's trading as the European Central Bank's Vice President warned that the war on trade was on the European economy. Vice President of the European Central Bank: warns of the impact of the trade war on Europe A comprehensive trade war between the United States and China could further affect the euro zone's economic slowdown, Luis de Guindos said. ECB Vice President for CNBC said on Wednesday that…More

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