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Forex news

The dollar traded against major currencies after US data

04:01 pm 2019-06-25

The US currency was mixed against major currencies after data. While the dollar fell against the yen and the franc, it has not changed much against the euro and the pound. New US Home Sales for May and June Consumer Sentiment were announced New home sales in the United States fell unexpectedly by 7.8% in May A report released by the Commerce Department on Tuesday unexpectedly showed a sharp drop in sales of new homes in…More

US dollar fell against major currencies with the possibility of a rate cut

03:00 pm 2019-06-24

The US dollar fell against major currencies in European session on Monday as investors focused on the possibility of a Fed rate cut amid uncertain global economic outlook. In the wake of the pessimistic federal sentiment last week, market participants are cutting interest rates sooner rather than later. Federal Reserve Chairman Jerome Powell is scheduled to speak at the Council on Foreign Relations in New York on Tuesday, where he will talk about economic outlook…More

Dollar price fluctuated during the close of weekly trading

11:51 am 2019-06-21

The US dollar was mixed across the board on Friday as the trader eyed developments in Iran-US relations as investor fears increased as reports emerged that President Donald Trump had allowed an attack on Tehran in response to Iran. Downing a US drone. However, Trump suddenly decided against the attack and Iranian officials claimed he had offered urgent talks. Member of the Federal Reserve Pollard should cut interest rates St. Louis Federal Reserve Chairman James Pollard…More

Pound is falling after the Bank of England has fixed interest rates

12:11 pm 2019-06-20

The Bank of England kept interest rates and quantitative easing, as was widely expected, but reduced growth forecasts for the second quarter. The central bank also lowered its growth forecast for the British economy to zero in the second quarter of 2019, highlighting the risks of global trade and growing concerns about Britain's exit from the EU on the deal. The nine-member monetary policy committee, headed by Governor Mark Carney, unanimously decided to keep the interest rate…More

Eur fell against major currencies as European stocks closed

04:17 pm 2019-06-19

Stocks closed in mixed European markets on Wednesday ahead of the Federal Reserve's interest rate decision. While policymakers are expected to keep rates, investors will look for signals from President Jerome Powell about a possible future rate cut. Meanwhile, in Britain, the third round of voting will take place in the Conservative Party leadership contest later in the day. Corbin calls for a public vote on Britain's exit package from the European Union On the European-UK…More

Eur fell against major currencies after the comments of Mario Draghi

10:12 am 2019-06-18

The euro fell on Tuesday after ECB President Mario Draghi pledged to cut interest rates to fight low inflation. Draghi also hinted at the purchase of assets and insisted that the bank was "still committed" to fighting low inflation. The European Central Bank said earlier this month it would keep interest rates at record highs until at least June next year Draghi: The ECB is fighting because inflation is too low European Central…More

Dollar Falls vs. Currencies Before Federal Reserve meeting

04:05 pm 2019-06-17

The US dollar fell against its major counterparts as manufacturing activity in the Federal Reserve Bank of New York shrank unexpectedly in June and investors cautiously anticipated a Federal Reserve meeting scheduled for this week for further evidence of a possible cut in interest rates. The US housing market index fell to 64 in June Building confidence in the United States in newly constructed single-family homes reached 64 in June, according to the National Association of Home Builders…More

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

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