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Daily Forex News
New U.S. single-family home sales hit a seven-month high in February, reports out on Thursday showed, fueling optimism about the country’s economic momentum despite the higher mortgage rates.
The US Dollar steadied against the common currency Euro as FX markets await a key vote on Trump’s healthcare plan in the U.S. Congress.
The US Dollar struck a 4-month trough versus the Japanese Yen as risk-off sentiment grows.
Asian stocks saw their biggest drop in two weeks on Wednesday morning as investors faced fresh doubts about U.S President Donald Trump's economic plans and propsoed growth agenda.
For a brief moment, the EUR/USD edged above the $1.08, the first such occurrence in six weeks.
Asian shares hit 21-month highs during Tuesday’s morning session following signs of economic growth
The US Dollar edged lower again after this past weekend’s G20 summit where talk was dominated by the protectionist policies of the US President.
Despite thin Asian trading that resulted from a Japanese holiday, the dollar edged down against its primary trading partners, with the dollar index starting the week at 100.140 .DXY, a 0.16 percent decline.
There will be a much lesser amount of high-impact news scheduled this week, compared to last week which was very heavy.
With one day left in the week, the US Dollar is poised to finish off lower as investors digest the likelihood that the Federal Reserve will follow through with fewer rate hikes than expected in 2017.
The latest news from the Bank of Japan suggests that it would not immediately follow the lead of the Federal Reserve Bank and instead will hold with the current ultra-loose monetary policy.
The Euro reached to its highest levels in 5 weeks during Asian trading session after the Polls results showing the winning of pro-EU party in the Dutch elections.
On Wednesday, the U.S. Federal Reserve confirmed an interest rate hike of 25 basis points, sending U.S. stock prices broadly higher and confirming traders’ expectations, without giving any tangible hints towards future monetary policy.
Wary FX traders kept the US Dollar subdued as they await the latest policy update from the Federal Reserve Bank.
Global stocks continued to slip on Wednesday morning as investors took profits before the Federal Reserve’s announcement later today which is expected to reveal a second interest rate hike in the past three months.