Loading...

News - page 2

Currency news and market updates with latest exchange rates, charts and rate changes in the major cross currency pairs for day, week and quarter periods.

 

Stock Market Rout Sends Australian Dollar Tumbling

Against the US dollar, the Australian dollar fell on Friday to within 0.1 percent of October’s low, a break of which will take the currency to its lowest level in more than 2 ½ years. Investors dumped the risk-sensitive Aussie after heavy selling in equities markets and as a US government shutdown became increasingly likely.

Last update: 22 Dec, 2018

US Dollar Posts Worst Day in 7 Weeks After Fed Cuts Interest Rate Forecasts

US Dollar Exchange Rate News and Forecasts Currency USD

The US dollar was sold heavily on Thursday in the aftermath of midweek announcements by the Federal Reserve. Though the Fed raised US interest rates by 25 basis points, as widely expected, it lowered its expectations for rate hikes in 2019, to the disappointment of dollar investors.

Last update: 20 Dec, 2018

Australian Dollar Lacks Inspiration Following RBA Minutes, Looks Cheap Versus CAD, JPY

The Australian dollar continues to stagnate in the aftermath of Monday’s RBA meeting minutes and ahead of this week’s meeting of the US Federal Reserve. Barring surprises, the Aussie is likely to remain well supported against the British pound, Canadian dollar and Japanese yen.

Last update: 18 Dec, 2018

US Dollar Strikes 18-Month High, Will Lose Value in 2019

Against a basket of currencies, the US dollar climbed on Friday to an 18-month high as investors sought safer assets in the aftermath of disappointing economic and political developments in Europe and China. Given a growing consensus for dollar weakness in 2019, now might mark an opportune moment for exchanging dollars into foreign currency.

Last update: 14 Dec, 2018

AUD/USD Forecast at $0.75 in 3 Months’ Time; Potential for Extreme AUD/GBP Moves on Wednesday

Australian Dollar News and Forecasts

The Australian dollar has offered broad stability in recent days—a welcome change from last week’s sharp decline. The Aussie will likely trade higher over the coming months, Goldman Sachs has said, although anything goes for AUD/GBP on Wednesday as a vote of no confidence in the British Prime Minister takes place.

Last update: 12 Dec, 2018

Pound at 20-Month Low After PM Cancels Big Brexit Vote; UK Prepares for No-Deal

The British pound was hammered on Monday following news that a House of Commons vote on the proposed EU withdrawal agreement has been cancelled. Against the US dollar, sterling fell to its lowest level since April 2017.

Last update: 10 Dec, 2018

Big Bank Rolls the Dice on British Pound, Is a Buyer Ahead of Crucial Brexit Vote

Credit Agricole is seemingly rolling the dice on the British pound ahead of a hugely important vote in the House of Commons on Tuesday—a vote that will likely shape the nature of Brexit. Via the options market, the French bank is betting on an increase in the pound’s value.

Last update: 22 Dec, 2018

Canadian Dollar the Star After Canada Adds 94k Jobs; Expect Bitcoin at $1,500

canadian-flag-Canadian-dollar-news-best-exchange-rates

The Canadian dollar made widespread gains on Friday after Canada announced its largest increase in employment in 6 years. Meanwhile, the Australian dollar fell for a fifth day and cryptocurrencies continue downwards. In the absence of more robust earnings growth, traders shouldn’t expect much from the US dollar, CIBC has said.

Last update: 7 Dec, 2018

Canadian Dollar at Cheapest in 18 Months; Buy It Now Ahead of 2019 Rebound

Canadian Dollar News and Forecast CAD

The Canadian dollar fell sharply following Wednesday’s meeting of the Bank of Canada, at which the Bank appeared to imply that interest rates would rise at a slower pace than previously expected. The loonie will, though, see a great deal of support in 2019, experts have said.

Last update: 5 Dec, 2018

More Good News for Aussie, Kiwi; Not So Great for Bitcoin

The Australian and New Zealand dollar currencies gapped higher on Monday after the US and China agreed this weekend to suspend new tariffs on goods worth several hundred billion dollars. Meanwhile, bitcoin sank back below $4,000.

Last update: 3 Dec, 2018

Pound to Lose 25 Percent on Disorderly Brexit, Bank of England Warns

The British pound weakened against all major currencies on Thursday, a day after the Bank of England offered a stark warning on Brexit. Under a “no deal” outcome, sterling will lose between 15 and 25 percent of its value, the Bank said.

Last update: 29 Nov, 2018

USD Slumps as Fed Signals Less Rate Hikes Ahead; AUD, NZD to Benefit Most

In a speech on Wednesday, Fed Chairman Jerome Powell signalled that US interest rates are close to “neutral.” As a result, the US dollar suffered one of its sharpest intraday falls this year.

Last update: 28 Nov, 2018

Australian Dollar Worth 5 Percent More by Mid-2019 (CIBC)

In a note to clients this week, CIBC predicted a rise in the Australian dollar to $0.76 by mid-2019. The forecast represents appreciation of 5 percent from Monday afternoon’s quote of $0.724 and will be driven by higher Australian wages, the bank says.

Last update: 26 Nov, 2018

Will the Swiss Franc Be Shaken by Populist Referendum?

A referendum in Switzerland on Sunday will ask whether Swiss law should take precedence over international laws, particularly those coming from the EU. A vote by the people to take back legislative control would undoubtedly weaken the Swiss franc.

Last update: 24 Nov, 2018

Analysts Agree, Bitcoin to Fall Much Further from Here

Bitcoin is on its knees, and rather than suggesting, as they once did, massive “high value” buying opportunities, analysts as a collective are becoming increasingly bearish on bitcoin’s future and on non-government-supported digital currencies as a whole.

Last update: 21 Nov, 2018

Australian Dollar and Euro Heading Higher, Experts Say

Weakness in the Australian dollar since Friday is to be short-lived, experts at National Australia Bank have said. A rally in AUD/USD to 0.74 is on the cards, as are politically-driven moves in EUR/GBP and EUR/CHF towards 0.92 and 1.2.

Last update: 20 Nov, 2018

US Dollar to Fall This Week; Thai Baht Under Threat Following Huge GDP Miss

The US dollar slipped last week and is likely to do so again heading into Thursday’s US Thanksgiving holiday. Like the dollar, the Thai baht might weaken once traders have fully digested Monday’s hugely disappointing economic data.

Posted: 19 Nov, 2018

Australian Dollar Threatens $0.73; Pound Plunges as Brexit Secretary Resigns

Australian dollar, British pound news and forecast Brexit Dominic Raab

The Australian dollar is benefitting from disarray in Europe and upbeat employment data. The day’s biggest news comes from Europe, though, where the British pound suffered one of its largest intraday declines in recent years following the resignation of the UK’s chief Brexit negotiator.

Last update: 15 Nov, 2018

Investors Dump Cryptocurrencies; Bitcoin Falls $800 to 1-Year Low

Bitcoin chart news and forecast

Bitcoin’s near-$800 decline on Wednesday might not have raised an eyelid six months ago, but in what has become a lifeless market of late, the fall is alarming.

Last update: 30 Nov, 2018

Petro-Currencies Struggle Amid Oil Market Plunge

Undoubtedly, the speed at which the oil market has reversed has shocked foreign exchange traders as much as it has those in the commodities space. Currencies from economies that depend on oil exports can only do so much amid what is now an energy market rout. With Tuesday bringing a twelfth consecutive day of losses for oil, the Canadian dollar, Norwegian krone, Malaysian ringgit and Mexican peso all fell to multi-month lows.

Last update: 8 Dec, 2018

Euro Falls to 16-Month Low; Even Lower Prices Likely This Week

Political risks continue to weigh on the euro, which slipped on Monday to a 16-month low against the dollar. We’ll likely see an even weaker euro later in the week but long-term prospects for the currency look good, analysts say.

Last update: 12 Nov, 2018

AUD, NZD Lead the Pack; No Imminent Recovery for CAD (SocGen)

The Australian and New Zealand dollar currencies were way out in front this week on the list of top performing FX majors. The Canadian dollar, meanwhile, continues to suffer from what is now a technical bear market in crude oil. Sterling is again under Brexit-related pressure amid reports of potential UK ministerial resignations.

Last update: 9 Nov, 2018

Philippine Peso Is Back in Business but Downtrend to Resume, Thinks DBS

There’s life in the old dog yet. The Philippine peso, a currency that has repeatedly made news for the wrong reasons, is among the best performers of the past month. Respective gains of 3.3 percent and 6.2 percent over the past month against the US dollar and euro have given holders of pesos cause for […]

Last update: 8 Nov, 2018

Hard to Bet Against USD Despite Midterms and Rough Start to November

U.S. Dollar News, Forecast

FX markets lacked volatility on Tuesday ahead of US midterm elections, the results of which will begin to trickle in after 7pm EST. November typically represents the best month of the year for USD and recent losses arguably offer a grab-it-now opportunity to get the currency at improved exchange rates.

Last update: 6 Nov, 2018

Australian Dollar Outlook: Huge Gains Put an End to Technical Downtrend

Just what the doctor ordered! A 1.3 cent rally on Thursday marked the Australian dollar’s best day since early 2017. A further half-cent gained on Friday morning, prior to the day’s big event, US non-farm payrolls, took AUD/USD to a 5-week high of $0.726. Only a week ago, the struggling Aussie was quoted at a 2-½-year […]

Last update: 2 Nov, 2018

GBP, AUD, NZD Jump as UK-EU Reach Deal on Financial Services

GBP Pound Sterling Brexit Deal on Financial Services

The mood was buoyant in foreign exchange markets on Thursday following news that the UK has achieved a deal with the EU on financial services that would give London’s banks continued access to European markets post-Brexit. Together with the pound, currencies that benefit from the switch to “risk on,” like the Australian dollar and New […]

Last update: 1 Nov, 2018

Dollar Strikes 16-Month High; Euro FX Down in the Dumps; Mexican Peso Falls Sharply

Developments outside the US allowed for the dollar to appreciate against a basket of currencies to a sixteen-month high on Wednesday. The ICE-maintained US dollar Index, which provides a weighted-mean measure of the greenback’s value against the euro, British pound, Swiss franc, Canadian dollar, Japanese yen and Swedish krona, traded above 97.0 for the second […]

Last update: 31 Oct, 2018

Experts Turn Bullish on Australian Dollar

The Australian dollar is saying “no” to the 70 US cents level as it rallies on Thursday along with Chinese stock markets. The Aussie also continues to appreciate from long-term lows against the pound and euro, and is undervalued against the New Zealand dollar, argues Westpac.

Last update: 25 Oct, 2018

Canadian Dollar Gets Interest Rate Boost; Rand Dips on Budget Disappointment

The Canadian dollar received a significant boost on Wednesday after the Bank of Canada said it would “need to raise [interest rates] to a neutral stance to achieve the inflation target.” As widely expected, the BoC also hiked its benchmark rate by 25 basis points to 1.75 percent. The Canadian dollar strengthened by nearly a […]

Last update: 24 Oct, 2018

Manufacturing Weakness Creates Further Uncertainty for Sterling

The British pound showed resilience on Tuesday in the face of data showing the fastest decline in UK manufacturing orders in three years. Pound uncertainty prevails, however, and a vote of no confidence in British P.M. Theresa May draws closer.

Last update: 23 Oct, 2018

Yuan Reaches New Low as Slowdown and Tariffs Bite; 7.0 to the Dollar Likely Next Year

Friday saw the Chinese yuan strike a 21-month low against the dollar of 6.941. A move to and perhaps through 7.0 to the dollar, which remains a symbolic level for many, now seems likely within the next year.

Last update: 20 Oct, 2018

AUD Downtrend to End with Close Above $0.72; Prepare for November USD Buying

Australian Dollar Exchange Rates AUD USD

The Australian dollar will have to overcome seasonal weakness to rally from here but a mere 1 percent rise might be all that’s needed to begin a broader recovery, analysts have said. For the US dollar, appreciation is expected heading into year-end but the trend towards de-dollarization continues, this time in Venezuela.

Last update: 18 Oct, 2018

Focus Turns to Europe Ahead of Big Brexit Meeting; Stay Long Euros; Krona Revived

All eyes on Wednesday will be on the meeting between EU leaders and British Prime Minister Theresa May in Brussels, at which some still hope a Brexit deal might be struck. Expect volatility in sterling and euro rates throughout the evening. Meanwhile, the Swedish krona continues to outperform in Europe on expectations for tighter Riksbank policy.

Last update: 23 Oct, 2018

Australian Dollar Steady Despite Risk Aversion, Sterling to Get Wild and Bitcoin Makes Its Move

This week’s flight from risky assets, evident from massive losses in equities, has yet to affect the risk-sensitive Australian dollar. The yen is firmer though, bitcoin has finally broken lower and options traders are paying up for protection against future sterling volatility.

Last update: 12 Oct, 2018

Crypto Industry on the “Brink of Implosion,” Researchers Say

As measures of crypto volatility reached long-term lows on Tuesday, a new study from UK-based researchers was released suggesting the future is bleak for bitcoin and the broader crypto industry.

Posted: 10 Oct, 2018

EUR/GBP at 3-Month Low; EUR/USD Much Higher Next Year

The Brexit-driven EUR/GBP exchange rate opened on Monday at a 3 ½-month low as investors continue to bet on the UK and EU striking a deal. Against the dollar, the euro will be worth as much as 13 percent more next year, according to a new forecast from ING.

Last update: 8 Oct, 2018

Higher Interest Rates Boost USD but Spell Trouble for Asia FX

Friday’s announcement by the BLS that unemployment in the US has fallen to its lowest level in half a century further firmed expectations for US interest rates and was sufficient to drive the US dollar to fresh long-term highs against currencies throughout the Asia-Pacific region.

Last update: 5 Oct, 2018

Australian Dollar, New Zealand Dollar Plumb New Depths; AUD/CAD at 8-Year Low

Australian Dollar, New Zealand Dollar Exchange Rate News

In foreign exchange markets, the Australian and New Zealand dollar currencies are highly correlated. Given recent sentiment, it was no surprise, then, to see both make fresh multi-year lows on Thursday. Market commentators see little changing for the Antipodes in the near term.

Posted: 4 Oct, 2018

“Avoid GBP,” Forecasters Say; Swiss Franc Volatility to Increase

GBP British Pound Sterling Exchange Rate Forecast Brexit

It’s no time to be brave with your British pounds, think foreign exchange experts at Crédit Agricole. “Stay conservative; avoid GBP,” the bank’s research team wrote on Tuesday. The pound has had a mixed year. As of writing, its 3.9 percent year-to-date loss against the US dollar ($1.299) is balanced by a 5.2 percent gain […]

Last update: 3 Oct, 2018

Canadian Dollar’s Near-Vertical Rally Continues as US-Canada Reach Trade Deal

NAFTA Canada-US Trade Deal Canadian Dollar Exchange Rate

What started last week as a data and OPEC-driven rally has become something of a rout, with the Canadian dollar battering other currencies again on Monday following news that Canada and the United States, together with Mexico, have finally agreed a trade deal.

Posted: 1 Oct, 2018

Australian Dollar Set for Double-Digit Rally; Will Be Worth 82 US Cents Next Year! (UBS)

UBS has added themselves to a growing list of experts predicting a broad recovery in the Australian dollar. Against the US dollar, the bank is offering a consensus-busting Aussie forecast of $0.82 for 2019 year-end, indicating a 14 percent rise from current levels.

Last update: 29 Sep, 2018

Yen Falls to 9-Month Low and Era of Cheap Money Ends in Hong Kong

The US dollar was the best of the majors on Thursday—it broke to a nine-month high versus the yen and forced a retreat in the Australian dollar back to the low $0.72s. In Hong Kong, commercial lending rates have been raised for the first time in twelve years, indicating the beginning of the end for cheap money in the region.

Last update: 27 Sep, 2018

End of “Accommodative” Monetary Policy Sparks US Dollar Volatility

The Federal Reserve raised the upper level of US interest rates to 2.25 percent on Wednesday, as widely expected, while also dropping longstanding terminology from its statement relating to the “accommodative” level of monetary policy. The dollar was volatile as a result.

Last update: 26 Sep, 2018

Bitcoin Ready for Massive Move but Which Way?

The market for bitcoin is becoming more and more compressed. Bitcoin has been squeezed ever-tighter for much of this year and this stored energy will surely be released at some stage, manifesting in a violent lurch in one direction, up or down. But which way are we heading?

Last update: 24 Sep, 2018

Australian Dollar Has Best Week in 9 Months; Sterling Has a Shocker

A gain last week of 1.9 percent marked the Australian dollar’s best weekly performance versus the US dollar since December. The Aussie rebound continued with a touch of the $0.73 handle on Friday. Australia’s currency had been worth less than $0.71 just 10 days earlier. It settled for the week at $0.7285. Further to gains […]

Last update: 22 Sep, 2018

Time to Exchange British Pounds: Currency Is Under Siege Following Latest Brexit Deal Humiliation

The British pound has been sold widely on Friday following Thursday’s comprehensive rejection by EU leaders of the UK’s proposed Brexit deal—the “Chequers” plan. The Chequers plan, which outlines terms for the UK’s departure from the EU and which includes a “combined customs territory” on the Irish border, “would not work,” said European Council President […]

Posted: 21 Sep, 2018

Australian Dollar to Bounce Back Next Year; Investors Sense Buying Opportunity

As investors begin playing the long game, they are reconsidering their views on the Australian dollar. An inevitable tightening of Australian monetary policy, most likely next year, will eliminate one of the chief reasons for recent AUD pessimism. What was once a currency worth avoiding might now offer a heavily-discounted bargain.

Last update: 21 Sep, 2018

What Next for the US Dollar?

The US dollar is among the best performing currencies of 2018. In fact, ranked against twenty of the world’s most important currencies, the dollar beats all bar the Mexican peso, the Japanese yen, the Norwegian krone and Swiss franc. Traders are, however, pondering a recent dollar decline. In mid-August, on a trade-weighted basis, the dollar […]

Last update: 17 Sep, 2018

Ruble Heading Higher After Surprise Rate Hike; Canadian Dollar Upside Limited, Warns MUFG

The Russian ruble climbed to a nine-day high on Friday after the Russian central bank surprised markets with a 25-basis-point increase in interest rates. In other news, MUFG are reminding traders not to expect too much from the Canadian dollar upon a US-Canada trade deal, which draws closer.

Posted: 14 Sep, 2018

Relief in Emerging Market FX After Turkey Raises Interest Rates

There was widespread relief among emerging market investors on Thursday after the Turkish central bank finally raised interest rates to protect the embattled lira. Elsewhere, the dollar lost value for a fourth consecutive day and ethereum stabilized after a ten-day fall.

Posted: 13 Sep, 2018

More Upside Expected for Norwegian Krone

The Norwegian krone was the best performing G10 currency on Monday. The krone benefitted from better-than-expected inflation data and an uptick in European sentiment that followed this weekend’s Swedish election and Michel Barnier’s prediction that a Brexit deal will be concluded within 6-8 weeks.

Last update: 13 Sep, 2018

EUR/GBP Set for Big Move Lower on Impressive Technical Formation

The euro fell sharply against the British pound on Friday after the EU’s chief Brexit negotiator, Michel Barnier, said he was determined to strike a deal with the UK. A near-perfect Head and Shoulders pattern now indicates a move in EUR/GBP into the high 0.87s.

Posted: 7 Sep, 2018

Bitcoin Bloodbath After Goldman Sachs Scraps Plans for Crypto Trading Desk

The world’s largest cryptocurrency, bitcoin, has lost 15 percent of its value since Wednesday morning. The crypto bloodbath has also taken 25 percent off ethereum. Dramatic declines began after reports indicated that Goldman Sachs is to scrap plans for a crypto trading desk.

Last update: 7 Sep, 2018

AUD, CAD and NZD Continue to Fall

A better-than-expected print for Australian GDP growth was unable to prevent further Australian dollar weakness on Wednesday. After a short-lived jump on the 0.9 percent second-quarter reading (0.7 percent growth expected), the Aussie fell early in the European session to a two-year low of 71.45 US cents. In the hours following GDP, it also lost […]

Posted: 5 Sep, 2018

Rand Misery Piled On as South Africa Enters Recession

The rand fell sharply on Tuesday following news that South Africa has entered a recession. The dollar, meanwhile, continues to react favourably whenever the spotlight is turned towards US tariffs and a potential trade conflict with China.

Posted: 4 Sep, 2018

Australian Dollar at Lowest Since 2016

The Australian dollar really doesn’t have much going for it. A 2.2 percent loss between Tuesday and Friday had the Aussie settling for the week at 71.9 US cents, which marked its lowest weekly close since December 2016, and it isn’t doing much better versus the euro, Canadian dollar, Swiss franc and Japanese yen. Perhaps […]

Last update: 1 Sep, 2018

Frightening FX Losses in Argentina; SNB Might Intervene to Weaken Franc

The currency situation in Argentina is becoming desperate. In a single three-hour period on Thursday, the Argentine peso shed 19 percent of its value as it slid to 41.47 to the dollar. The peso had already lost 45 percent since January. With the peso’s spiral downwards, default risk in Argentina moves ever higher, resulting in […]

Last update: 31 Aug, 2018

Bitcoin to End 2018 “Explosively” on Emerging Market Recovery

Bitcoin is finally back above $7,000 and it might now end the year “explosively higher” according to one expert.

Last update: 7 Sep, 2018

Loonie Makes Most of US-Mexico Trade Deal but Will Struggle from Here, Says TD

The past 24 hours in markets have been dominated by news that the US and Mexico have reached a preliminary trade deal. The Mexican peso initially gained as reports came in but now trades at pre-announcement levels. The Canadian dollar gained handsomely but is set to struggle from hereon in according to Toronto-Dominion Bank.

Last update: 28 Aug, 2018

Yuan Finds Stability After PBOC Policy Change

The Chinese yuan posted its highest open in 4 ½-weeks on Monday, at a rate of 6.803 to the dollar. Stability in the rapidly falling yuan follows the reintroduction of the “counter-cyclical factor” by the People’s Bank of China on Friday – a sign that Chinese authorities are uncomfortable with further depreciation.

Last update: 27 Aug, 2018

Euro to Get More Expensive After Terrific Week, Banks Warn

It was a cracking week for the euro. Boosted by soft rhetoric from Fed Chairman Jerome Powell and confidence-boosting July-meeting minutes from the ECB, the euro gained against all other G10 currencies.

Last update: 25 Aug, 2018

Pound (GBP) Plummets as No-Deal Fears Made Tangible in Government ‘Worst-Case’ Plans

Pound Sterling (GBP) Exchange Rates Fall as No-Deal Brexit Detailed Pound (GBP) exchange rates weakened on Thursday afternoon after the UK government published papers revealing what a no-deal Brexit would spell for the economy, leaving GBP investors cold. Sterling thereafter saw a mass sell-off, despite the currency gaining in markets following the CBI distributive trades […]

Posted: 24 Aug, 2018

Bets Against IDR, SGD and INR Increase

A Reuters survey of investors this week has shown increased bearishness on the Indonesian rupiah, Singapore dollar and Indian rupee. Each of the Asian currencies has lost value this year amid concerns for global trade and following emerging market currency crises in Argentina and Turkey.

Posted: 24 Aug, 2018

Australian Dollar Hammered on Imminent PM Change

The Australian dollar had a shocker on Thursday on the back of domestic political uncertainty. Per reports, current Australian Prime Minister Malcolm Turnbull is likely to be replaced by Peter Dutton before the week is out.

Last update: 24 Aug, 2018

Trump Headlines See Pound (GBP) Strengthen against US Dollar (USD)

Pound Sterling (GBP) Exchange Rates Range-Bound as Brexit Doubt Plagues Markets The Pound (GBP) was trading in a narrow range against most major currencies during Wednesday’s session as Brexit jitters plagued markets, effectively muting Sterling gains. GBP may again struggle to attain momentum today if Brexit uncertainty persists, with politicians coy and economists split on […]

Posted: 23 Aug, 2018

Pound Sterling (GBP) Records Modest Gains as Brexit Negotiations Intensify

Pound Sterling (GBP) Exchange Rates Advance amid Brexit Uncertainty The Pound (GBP) showed signs of flipping its fortunes during Tuesday’s session, with the currency strengthening against most of its major peers. Some analysts believed this to be due to a much-improved UK public borrowing figure for last month, although the boost to GBP came shortly […]

Posted: 22 Aug, 2018

Thai Baht at 5-Month High After Dollar Stumbles on Trump Remarks

The US dollar continues to fall from long-term highs. Tuesday marked the fourth consecutive trading day of declines for the Dollar Index, which traded at a fourteen-month high of 97.0 last week. Approaching the end of Tuesday’s European session, the index had slumped into the 95.40s. The dollar was affected for the worse on Monday […]

Posted: 21 Aug, 2018

Pound (GBP) Strengthens against US Dollar (USD) following President Trump’s Fed Criticism

Pound Sterling (GBP) Exchange Rates Unstable amid Lull in Brexit News The Pound (GBP) mostly fared well on Monday thanks to a stall in new Brexit headlines, with investors seemingly adopting the stance that ‘no news is good news.’ However, this lull for Sterling may not last unless concrete progress is made in Brexit negotiations […]

Last update: 21 Aug, 2018

Pound (GBP) Exchange Rates Could Struggle with Focus Fixed on Brexit

Pound Sterling (GBP) Exchange Rate Woes Exacerbated by Brexit Fears The Pound (GBP) had a difficult end to Friday’s session as Brexit re-entered the limelight, seeing Sterling exchange rates show signs of a downturn. Following the continuation of Brexit talks on Thursday, Danish Finance Minister Kristian Jensen expressed concerns that the UK might not strike […]

Posted: 20 Aug, 2018

Stunning Inflation Print Makes CAD’s Day; MXN Firms on Trade Agreement Hopes

The Canadian dollar gained across the board on Friday on the back of stunning inflation data that smashed market expectations. Meanwhile, the Mexican peso continues to be this year’s best performing currency; it firmed again on Friday on rumours that Washington would soon agree to a compromise on Mexican farm exports.

Posted: 18 Aug, 2018

Westpac: Risks to the New Zealand Dollar Increase

FX traders will be thankful for calm in emerging markets on Tuesday after spectacular falls in recent days. While other trends continue unabated, most notably the rising US dollar and falling euro, Westpac are weighing in on the New Zealand dollar, suggesting that an RBNZ cut is now more likely than ever before.

Last update: 14 Aug, 2018

Pound lacking forward momentum

Pound Sterling (GBP) Exchange Rates Firm after Decline in Unemployment Pound (GBP) exchange rates traded in a narrow range yesterday as market focus shifted from Brexit onto the more pressing economic turmoil in Turkey. The lack of recent Brexit developments and lull in domestic data saw the Pound lacking forward momentum, meaning Sterling instead derived […]

Last update: 15 Aug, 2018

USD Surges and Global Trading Reels from Knock-on Effects of Freefalling Turkish Lira

Pound Sterling (GBP) Exchange Rates Muted after Lacklustre GDP The Pound (GBP) struggled to get out from under the heel of markets on Friday, with the UK’s latest GDP figures not enough to inspire a Sterling rally. The 0.4% growth in the second quarter – up from 0.2% in the first – failed to help […]

Posted: 13 Aug, 2018

Buy Bitcoin on Strength, Says Yale Study

Friday saw bitcoin once again threaten major support at $6,000. According to new research from Yale University, those wanting to get their hands on bitcoin could do a lot worse than waiting for the market to reapproach $7,200.

Last update: 14 Aug, 2018

Dollar and Yen Soar on Flight to Safety; Turkey Leads Turmoil in EM FX

The US dollar and Japanese yen soared on Friday as traders fled risk-sensitive currencies. Turmoil in emerging market FX is being led by the Turkish lira, which fell 15 percent in twelve hours after President Trump doubled tariffs on Turkish steel and aluminium imports.

Last update: 5 Dec, 2018

Pound finds Relief against Euro, Australian Dollar

Pound Sterling (GBP) Exchange Rate Recoups Losses following Mass Sell-Off The Pound (GBP) managed to rally yesterday after a large-scale offload by investors in the beginning of the week saw its value plummet. With no UK news to focus on yesterday economists speculate that the principle reason behind GBP’s recovery was that the initial sell-off […]

Posted: 10 Aug, 2018

Pound (GBP) Exchange Rates Hold Losses as No-Deal Brexit Fears Heighten

Pound Sterling (GBP) Exchange Rate Battered by Brexit Tension The Pound (GBP) was forced further into submission yesterday, hitting its lowest levels in months against major peers like the US Dollar and Euro due to no-deal Brexit dread dominating market sentiment. Jitters caused by the increasing likelihood of an unamicable UK-EU split have been exacerbated […]

Posted: 9 Aug, 2018

Pound Euro (GBP/EUR) Exchange Rate Nears Nine-Month Low

Pound Sterling (GBP) Exchange Rates Quiet after UK House Price Revelation Following a decline in Pound (GBP) exchange rates on Monday, which pushed GBP/EUR close to a nine-month low, Sterling found some respite yesterday after the publication of the UK’s House Price Index for July. The reported 3.3% increase in house prices beat the projected […]

Posted: 8 Aug, 2018

Pound Sterling (GBP) Exchange Rates Tumble following Fox’s Brexit Pessimism

GBP Exchange Rates Sent into a Tailspin Following Minister’s Gloomy Comments Pound Sterling (GBP) exchange rates fell early on Monday after International Trade Secretary Liam Fox stated that he believed a no-deal Brexit is now the most likely outcome for the UK. GBP investors were left in the cold following Fox’s suggestion that there is […]

Last update: 7 Aug, 2018

Canadian Dollar at Multi-Month Highs; NZD/CAD Sinks to Lowest Since December

Entering the second trading week of August, the Canadian dollar remains at or near multi-month highs against many of the world’s major currencies. The “loonie” has been well supported since the end of June following a hawkish repricing of Canadian interest rate expectations.

Posted: 6 Aug, 2018

Australian Dollar Benefits from Sales and Export Data; RBA to Dominate Next Week

The Australian dollar was the best performing major during Friday’s European session. The “Aussie” rallied by as much as 0.8 percent to rates above 74 US cents after robust Australian economic data.

Last update: 3 Aug, 2018

Pound Sterling Exchange Rate News: Carney Caution Puts GBP on the Back Foot

Pound Sterling (GBP) Exchange Rate Plummets Following Dovish BoE Rate Claims The Pound (GBP) weakened considerably against almost all major currencies despite the Bank of England (BoE) raising interest rates for just the second time in almost a decade. A vote of 9-0 among the policymakers of the Monetary Policy Committee was initially believed to […]

Posted: 3 Aug, 2018

US Dollar on the March; Markets Yet to Price in Full Extent of Fed Hikes, Says SEB

The US dollar made inroads against most of the world’s currencies on Thursday as trade fears forced investors into safer assets.

Last update: 2 Aug, 2018

Pound Sterling (GBP) Exchange Rate News: Markets Brace for BoE Rate Decision

Pound Sterling (GBP) Exchange Rate Steady in Anticipation of Rate Hike The Pound (GBP) is remaining steady today as investors wait to see whether the Bank of England (BoE) will raise interest rates by a projected 25 basis points. Investors are reluctant to trade GBP in light of uncertainty surrounding the outcome of the BoE’s […]

Posted: 2 Aug, 2018

Pound Sterling Traders Await Bank of England Rate Decision

Pound Sterling (GBP) Exchange Rates Steady ahead of BoE Rate Decision The Pound (GBP) trended narrowly on Tuesday in anticipation of the Bank of England’s (BoE) interest rate decision on Thursday, which may see a 25 basis point increase. There is still some uncertainty, however, making investors hesitant to go long GBP before the decision […]

Posted: 1 Aug, 2018

Pound Sterling Update: Robust German Inflation Hinders GBP/EUR despite Low Eurozone Growth

Pound Sterling (GBP) Exchange Rates Hold Firm after Positive Mortgage Data Pound Sterling (GBP) traded narrowly on Monday following the release of monthly UK mortgage figures, which saw an increase in both approvals and lending over the previous month. This boost enabled Sterling to avoid losses. A further boost was received from the Europe Business […]

Posted: 31 Jul, 2018

Pound Sterling Exchange Rate News: GBP/USD Rallies Even as US Growth Skyrockets

Pound Sterling (GBP) Exchange Rate Flatlines after Brexit Brick Wall Pound Sterling (GBP) saw a stall in trade late last week following news that Michel Barnier, the EU’s Brexit negotiator, had rejected Theresa May’s customs proposals. This dealt a significant blow to the Chequers plan and hampers the likelihood that Brexit negotiations with the EU […]

Posted: 30 Jul, 2018

US Dollar Exchange Rates Improve ahead of Forecast GDP Boom

Pound Sterling: GBP Trade Mixed after Brexit ‘Stockpile’ Warning On a day without much UK economic data, the Pound has appreciated against the Euro but fallen by -0.4% against the US Dollar. This mixed performance follows news that the UK government is planning to stockpile food and medicine if there is a ‘no-deal’ Brexit. Although […]

Posted: 26 Jul, 2018

FX Markets Subdued Despite Trump-EU Deal to Avoid a Trade War

Trade tensions were eased on Wednesday after the US announced it had agreed to work towards zero tariffs on “non-auto industrial goods” with the European Union. Unlike equity markets, which rallied strongly on the news, FX markets were little changed on Thursday morning.

Posted: 26 Jul, 2018

Mexican Peso at 3-Month High Ahead of Important Trade Talks

Ahead of important trade talks in Europe and Washington, the Mexican peso traded on Wednesday at its strongest level in nearly three months, at 18.7 to the dollar. The peso also rallied to its best level this year versus the euro, at 21.9.

Posted: 25 Jul, 2018

US Dollar Exchange Rates Steady as Trump Meets EC Leader Juncker

Pound Sterling: GBP Static on BoE Rate Hike Speculation On a relatively quiet day for UK economic news, the Pound has been trading in a narrow range against the Euro and US Dollar. This lack of movement comes as GBP traders consider whether Bank of England (BoE) policymakers will commit to raising interest rates next […]

Posted: 25 Jul, 2018

Shock as Turkish Central Bank Stands Pat on Interest Rates; Lira Plunges

The Turkish lira shed 3.3 percent in a matter of seconds on Tuesday afternoon after the Turkish central bank left its benchmark interest rate unchanged at 17.75 percent, defying the market’s unanimous forecast for a 100-basis point hike.

Last update: 24 Jul, 2018

Euro Exchange Rate News: EUR Drops on Poor Eurozone PMIs

Pound Sterling: GBP Appreciates on Higher UK Manufacturing Output The Pound has advanced against the Euro and the US Dollar today, mainly on a positive reaction to the latest Confederation of British Industry (CBI) data. Although UK business optimism has fallen, industrial orders data has been more supportive by showing higher output during July. Pound […]

Posted: 24 Jul, 2018

Yen Is Star Performer, Yuan Devalued and Bitcoin Finds a Bottom

The Japanese yen has been the star performer of recent days and by Monday afternoon in London it was once again trading higher against most of the world’s currencies. When last seen, USD/JPY stood at 111.

Last update: 7 Sep, 2018

Pound Sterling Slumps on UK Retail Sales Slowdown

Pound Sterling: GBP Damaged by UK Sales Upset The Pound has continued its losing streak this week, falling against the Euro, US Dollar and most other peers. Today’s losses are down to UK retail sales figures for June, which have shown a month-on-month drop into a negative range. Economists had been expecting slower economic activity, […]

Posted: 19 Jul, 2018

Swiss Franc Overvalued but Bearable, Says Finance Minister; Is Heading to 1.22 Versus Euro

The Swiss franc remains overvalued at the current rate of 1.16 francs per euro, said Swiss finance minister Ueli Maurer on Wednesday, but the currency is finally at levels that Switzerland “can live with.”

Last update: 19 Jul, 2018

Pound Exchange Rates Static after UK Wage Growth Slowdown

Pound Sterling: GBP Exchange Rates Steady between UK Wage and Inflation Data The Pound (GBP) has made a minimal advance against the US Dollar today, but has otherwise held close to opening levels against peers including the Euro. This lack of definitive movement is down to the morning’s UK wage growth data, which has revealed […]

Posted: 17 Jul, 2018

Yen Weakness Persists and New Zealand Dollar Jumps on Inflation

The yen fell on Monday to two-month lows against the pound and euro, and recovered only slightly from Friday’s six-month low against the US dollar. Meanwhile, the New Zealand dollar surged midway through Tuesday’s Asian session after upbeat news on inflation.

Last update: 17 Jul, 2018

NZD Outlook: Inflation Data to Set the Tone for the Coming Months

Tuesday’s second-quarter inflation data will set the tone for the New Zealand dollar for the rest of the summer, say banks. With inflation risks skewed to the downside, a lower kiwi is more likely than not.

Last update: 14 Jul, 2018

Rupee Has Best Day Since 2016 and More Strength Likely

Thursday’s gain of 56 paise over the dollar market the Indian rupee’s best one-day performance since November 2016. The rupee thrived after oil prices plunged on Wednesday.

Last update: 13 Jul, 2018

Do NOT follow this link or you will be banned from the site!