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Forex news

Dollar traded lower after the release of US jobs data for August

01:17 pm 2019-09-06

The dollar traded lower after the US jobs data for August at 14:30 am CET on Friday as the dollar fell against major currencies. How did traders watch the People's Bank of China cut reserve requirements to stimulate liquidity in an economy hit hard by trade wars? China's central bank cuts reserve requirements The People's Bank of China has decided to cut its reserve requirement ratio (RRR) by 50 basis points, which will…More

Pound Sterling rises as Brexit postponed on Wednesday

01:07 pm 2019-09-05

The pound rose against its major counterparts at the European session on Thursday, as UK lawmakers passed a bill to avoid a Brexit on Wednesday. British lawmakers debate snap elections again on Monday Prime Minister Boris Johnson's bid for early elections in mid-October will be discussed again on Monday, the House of Commons's official schedule showed on Thursday. The bill to delay Brexit until January 31 will also return to the House of Representatives on…More

British pound jumps 1 percent before voting on Brexit bill

11:42 am 2019-09-04

The British pound jumped almost 1% on Wednesday at a daily high of 1.22196 against the dollar before voting on a bill aimed at halting the Brexit and postponing the Brexit to January 31, 2020. Johnson: Opposition stands in the way of Britain's exit from October  UK Prime Minister Boris Johnson said on Wednesday that his government was determined to push the country out of the European Union on October 31 despite opposition attempts…More

Yen, Swiss franc rise and pound weakened amid global tensions

01:15 pm 2019-09-03

The pound fell against its major counterparts in Tuesday's European session, as British lawmakers opposed to Brexit prepare for their deal to try to postpone Brexit in the House of Commons. The yen and the Swiss franc also rose against the dollar as safe haven demand increased due to continued global uncertainty. Rising trade tensions between the United States and China remain a major concern for investors, reinforced by political instability in Britain as Brexit approaches and the…More

Euro reaches its lowest level in May 2017 against the US dollar

02:09 pm 2019-09-02

The euro fell to its lowest level against the dollar last seen in May 2017 as global trade uncertainty increased. During European morning trade, IHS Markit data showed that German manufacturing remained shrinking in August, leading to a decline in the manufacturing index in the entire euro zone. Spain's manufacturing sector contracted due to weak production Spain's manufacturing sector contracted in August as production fell the steepest since 2013, survey data from IHS…More

Pound fell against its major counterparts amid concerns over Brexit

12:36 pm 2019-09-02

   The pound fell against its major counterparts at the European session on Monday, as difficulties worsened over Brexit after Prime Minister Boris Johnson threatened to sack Conservative lawmakers if they backed plans to halt Brexit. The British government is seeking to call a general election this week The UK government is seeking to call a general election this week, local media reported on Monday. According to sources, Prime Minister Boris Johnson is ready…More

Sterling fell against the currencies due to Brexit pressure

12:38 pm 2019-08-30

  Sterling dropped after hours of record highs as it hit the mid-week trading point. With Britain's exit from the EU once again proved to be a major driver of the pound's exchange rate against the euro, the British pound's gains drifted as Prime Minister Boris Johnson called for the parliament to be suspended from the Queen, 93, raising fears that Britain would not leave the EU. Johnson: Canceling Brexit is the worst thing about democracy UK Prime…More

The dollar was mixed after US GDP data in the second quarter

01:04 pm 2019-08-29

The Yen and the Swiss Franc also fell against the Dollar during Thursday's trading amid optimism about the future of trade negotiations between the US and China, which reduced demand for safe havens. US GDP growth declined by 2.0% in the second quarter On the data front, a Commerce Department report on Thursday showed that the growth rate in US economic activity slowed slightly more than preliminary estimates in the second quarter. The…More

Sterling falls against major amid government and parliament struggle

12:04 pm 2019-08-28

 British Pound (GBP) traded in red following the flare-up of political conflict in the United Kingdom between the newly elected prime minister and the conservative-majority parliament after the prime minister announced plans to suspend parliament for five weeks. Opposition leader Johnson is reckless Labor leader Jeremy Corbyn said on Wednesday he was "terrified of recklessness" by Prime Minister Boris Johnson after he confirmed plans to suspend parliament for five weeks, and accused Corbin Johnson's government of…More

Dollar is mixed against major and bonds are trading in green

02:41 pm 2019-08-27

Dollar is mixed  and the US bonds rise  after the announcement of tariffs on Chinese goods last week shook investor confidence and reinforced negative sentiment in the global financial markets. This may become more reflected in the ways in which the US-China trade situation develops in the coming days. But, in general, not many are willing to put their capital in risky assets and prefer to take them in safe haven assets, such as US Treasuries, gold, and the Japanese yen.…More

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