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Forex news

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

Sterling trading diverged ahead of the Bank of England decision

10:59 am 2019-05-02

The British pound traded mixed against the BoE's decision amid reports that the main parties are about to agree on some form of UK exit from the EU UK construction index rises in April Construction data in the UK rose for the first time since the beginning of the year in April, driven by a strong increase in residential work, but overall activity remained weak amid weak demand and optimism, data from the EHSMarket survey…More

The dollar fell ahead of Fed results

03:47 pm 2019-05-01

The Dollar was trading against the major currencies after data released from the US on Wednesday and ahead of the Fed meeting results US spending on construction unexpectedly retreated 0.9% in March A report released by the Commerce Department on Wednesday showed an unexpected drop in spending on US construction in March. Construction spending fell 0.9 percent to an annual rate of $ 1.282 trillion in March after rising 0.7 percent to a revised…More

Euro is trading against the currencies after the GDP data

10:03 am 2019-04-30

The Euro was mixed against major currencies on Tuesday after a number of data from the Eurozone topped unemployment, GDP and unemployment in Germany. The unemployment rate in the euro area was 7.7% in March The seasonally adjusted unemployment rate in the eurozone reached 7.7% in March, down from the February figure of 7.8%, the Eurostat said in a statement released on Tuesday. On an annualized basis, the figure in March is less than 8.5%…More

Eur rose against the major currencies after data from the euro area

09:49 am 2019-04-29

EURUSD and the major currencies recorded gains during the opening hours of the week following a number of morning data including data on loans and the eurozone consumer confidence index. Consumer Confidence in the Eurozone at -7.9 in April Consumer confidence in the eurozone was at -7.9 in April, the European Commission said in a statement released on Monday. The European Union consumer confidence index as a whole was 7.2.…More

The dollar is down against the currencies after the GDP data

04:13 pm 2019-04-26

The US dollar traded lower during the US session after the domestic economic data and other data on US consumer confidence. As the new data showed that GDP growth fell by an annualized 3.2% in the three months to March, up from 2.2% in the previous quarter. The revised data released by the University of Michigan on Friday showed that consumer sentiment in the United States fell slightly below initial estimates in April. The…More

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