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Forex news

Dollar stabilizes and pound,euro rise at end of weekly trading

11:03 am 2019-10-18

 The US dollar index fell from its highest level in two and a half years this week to trade at 97.62, where the pound recorded its best gains since 1985 and the Chinese yuan fell abroad as economic data deteriorated. However, the 10-year US Treasury bonds barely moved, recording at 1.754% in early European trade. Merkel: Delaying Brexit is inevitable if lawmakers reject the deal German Chancellor Angela Merkel told EU leaders on Friday that extending…More

Dollar declined and the Pound gained after the Brexit deal

11:26 am 2019-10-17

The dollar traded lower while the pound jumped above $ 1.29 after the Brexit deal was announced. Meanwhile, German Finance Minister Olaf Schulz told CNBC on Thursday that China and the United States needed to find a solution to the trade war and agree on an agreement. Schulz in Germany: a China-US trade deal "In the end, the US government and the Chinese government will have to find a solution," Schulz said. "We are spending a…More

Sterling falls on Wednesday amid pessimism in Brexit talks

11:42 am 2019-10-16

The pound fell on Wednesday after reports emerged of no further progress in overnight talks between the United Kingdom and the European Union on Britain's departure from the European Union. UK Foreign Secretary Stephen Barclay has failed to announce significant progress in the talks, stating that the British government will comply with Ben's law. Inflation in the UK remains stable in September Meanwhile, producer price inflation fell 0.5 percentage points in September as consumer prices…More

Euro fell as pound rose while dollar was mixed during Tuesday's

01:32 pm 2019-10-15

The euro fell as the pound rose, while the dollar was mixed against the major currencies as trade negotiations continued and traders followed up with comments from the Chinese and US sides. The Federal Reserve Bank of New York is making a $ 67.6 billion purchase The Federal Reserve Bank of New York on Tuesday announced a $ 67.6 billion bid for the latest overnight repurchase. The bank's previous operation…More

Sterling fell and euro rose amid renewed uncertainty about Brexit

11:29 am 2019-10-14

  The pound weakened against major currencies in the European session on Monday, amid renewed uncertainty over Brexit, with officials from the UK and the European Union saying at the weekend that more work was needed to secure the Brexit agreement. After intense talks in Brussels, the EU's chief negotiator, Michel Barnier, said there was still a "big gap" on tariff arrangements. The pound traded in a negative territory against the major currencies The pound fell to 135.68…More

Sterling pound rose against major to its highest in two years

12:28 pm 2019-10-11

The British pound consolidated gains early on Friday after its biggest one-day jump in two years as it gained 1% against the dollar during the week. In response to signs of a possible agreement on the Irish border problem that plagued the Brexit negotiations. The UK has reportedly acknowledged that the Northern Ireland boycott will remain in the EU customs zone as soon as Britain leaves the EU - a move that satisfies EU concerns about…More

Euro rises against major after the release of the ECB minutes

01:15 pm 2019-10-10

The euro rose after the release of the ECB minutes as the ECB's pricing committee broadly agreed at the meeting that ended on September 12 that the "fiscal space" eurozone countries should step in to counter economic headwinds. The minutes published on Thursday revealed significant support for the subsequent decision to provide incentives, but the discussion seemed somewhat heated.  ECB Minutes Reveal High Opposition to QE Program "A number of members" said buying assets…More

British Pound Rises Despite the Contraction of British Economy

09:36 am 2019-10-10

Sterling traded higher against most of the major currencies after data from the UK showed a decline in GDP, a decline in industrial production and shrinking trade deficit. The UK economy contracted by 0.1% in August The UK's Office for National Statistics said on Thursday that growth in gross domestic product (GDP) became negative in August. The economy fell 0.1% and was below zero for the first time since April. However, the upward…More

Dollar weakened amid investor focus on trade talks and Brexit

12:04 pm 2019-10-09

The dollar slipped against the euro in early trade on Wednesday, and the pound rose as investor focus remained on upcoming US-China trade talks scheduled to begin on Thursday in Washington. The prospects for progress in trade talks between the United States and China dimmed after the Trump administration imposed visa restrictions on Chinese officials and expanded its trade blacklist to include some of China's leading AI companies. The Trump administration is also discussing possible restrictions on capital flows…More

British pound falls against major after reports of Brexit talks

10:57 am 2019-10-08

 The British pound extended losses on Tuesday against major currencies after news that a Brexit deal seemed unlikely as German Chancellor Angela Merkel and British Prime Minister Boris Johnson exchanged conflicting views in a phone call. According to sources cited by the British media, the accession of Northern Ireland to a customs union with the European Union is unacceptable to London, while Merkel insists on it as a condition for the withdrawal agreement. Merkel: The…More

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