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Forex news

Dollar fell and China denies accusations of currency manipulation

12:18 pm 2019-08-07

The dollar traded lower against major currencies as investors awaited the development of trade tensions after China denied accusations by the United States that it was manipulating the value of its domestic currency. China: Naming the currency manipulator is unfounded China firmly believes that the United States has no justification for describing China as a currency manipulator, as the United States has accused China of manipulating its currency, White House National Economic Council Chairman Larry Kudlow…More

Dollar rose amid escalating escalation in the trade war

04:17 pm 2019-08-06

The Dollar rallied against its major counterparts on Tuesday as traders followed the escalating steps and reactions to US-China trade tensions. Bullard of the Fed sees another cut in interest rates this year James Bollard, chairman of the Federal Reserve Bank of St. Louis, told AFP on Tuesday. The US central bank will monitor the impact of trade war with China among other issues in monetary policy deliberations, but it can not "realistically move" its position…More

Dollar heading for a 2-week low against the euro after Trump comments

03:03 pm 2019-08-05

The single currency rose in the euro zone on Monday, reaching its highest level against the dollar since July 23. It also rose against the pound to a 11-month high. Trade tensions intensified earlier in the day as US President Donald Trump called on China to cut its currency, the yuan, which fell to its lowest level in more than 11 years. Private sector growth in the US declined for July More

Dollar decline as risk of trade war rises after Chinese pledges

12:20 pm 2019-08-02

The US dollar fell against its major counterparts in the early European session on Friday, ahead of today's US jobs report, as jobs are expected to rise by 164,000 jobs in July after a 224,000 increase in June. Unemployment is expected to remain at 3.7 per cent. Return of ghost trade war The US-China trade dispute intensified after Beijing threatened to impose countermeasures if Washington continued to raise planned tariffs. China's Ministry…More

Bank of England has set interest rates unanimously

12:43 pm 2019-08-01

The nine-member Monetary Policy Committee, chaired by Governor Mark Carney, unanimously voted to keep the interest rate at 0.75 percent, in line with economists' expectations. Corporate bond purchases were kept at £ 10 billion and government bond purchases were £ 435 billion. The Bank noted that increased uncertainty about the nature of Britain's exit from the EU meant that the economy could follow a wide range of tracks over the coming years. "The appropriate course…More

Sterling rises against Majuro and from 28-month low against dollar

05:07 pm 2019-07-31

The pound was looking for a four-day losing streak on Wednesday against the dollar and the euro, both of which were under pressure in the run-up to the Fed's monetary policy decision today. Poor economic data and slowing euro-zone inflation boosted signs of accelerating US activity that bets policymakers in Washington, who have already expressed their determination to cut interest rates, are being pushed down by their peers from the European Central Bank. US President Donald Trump…More

US dollar rose against the major currencies after Trump comments

03:04 pm 2019-07-30

The US dollar rose against other currencies on Tuesday as the Federal Reserve prepares to announce its monetary policy decision tomorrow, Trump once again criticized the central bank as "very early and very tough" with quantitative tightening, and would like to see the opposite Big "cuts." Trump: Talks with China are going well US President Donald Trump said on Tuesday that trade negotiations with China were "going well" and Beijing was "ready to give up…More

Sterling at its lowest level in more than two years against dollar

11:31 am 2019-07-29

     The British pound hit its lowest level since March 17 earlier on Monday as doubts over Britain's exit from the European Union emerged as new Foreign Secretary Dominique Rapp insisted on a change of Britain's exit agreement from the European Union, which Brussels sees as final. Rap: Balance turned towards Britain's exit from the EU - - If the EU continues to "stick" to its position that the withdrawal agreement can not be…More

Dollar rallies against currencies after Trump comments on Apple

02:40 pm 2019-07-26

The Dollar rallied against major currencies as Trump's comments sparked fears of a deepening trade war between China and the United States in connection with Apple's tax breaks. There is no Apple tariff for parts made in China US President Donald Trump said on Friday Apple would not grant any customs exemptions or tax breaks for Mac Pro parts manufactured in China and called on the company to manufacture them in the United States…More

ECB proves interest rates and the euro is rebounding against the dollar

01:52 pm 2019-07-25

The Euro's trading against the major currencies rebounded after the ECB's decision to stabilize interest rates and adhere to the financial policy unchanged. Draghi warns of weak manufacturing in the euro area While services and construction are flexible with a strong labor market, a "sufficient degree of monetary easing" is needed in the eurozone due to the "prolonged presence of geopolitical uncertainties," especially the recession in manufacturing and the ECB, President Mario Draghi told reporters on…More

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