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Forex Trading Reviews & News 
Forex NewsThe following Forex news reports are the latest developments of the Forex market. The news reports are updated frequently and include all events that affect the foreign exchange trading industry.
Forex NewsThe US Dollar surges as Oil Prices Fall | 07 July 2008 3:55 AM GMTThe U.S. Dollar edged up slightly against major currencies as investors speculate that statements made by officials of the G8 could cause oil prices to fall. The Dollar also benefited from better than expected U.S. job data and reduced expectations that the European Central Bank will further increase interest rates after last week’s increase of 25 basis points. U.S. Dollar Slides against the Euro Following Federal Open Market Committee Statement | 26 June 2008 5:47 AM GMTThe U.S. Dollar dropped further against the Euro today in response to statement made by the Federal Reserve after the FOMC meeting, which suggests that the Federal Reserve may not aggressively hike interest rates towards year end. The FOMC decided to keep its benchmark rate unchanged at 2%, while acknowledging the presence of inflationary pressures in the economy. Investors Await Fresh Leads from FOMC | 25 June 2008 12:53 PM GMTInvestors are waiting for the outcome of the FOMC meeting and the accompanying statement to assess the direction of interest rates. Consequently, the U.S. dollar traded in tight ranges in Tokyo on Wednesday against major currencies. U.S. Dollar Rangebound ahead of FOMC Meeting | 23 June 2008 6:48 AM GMTThe U.S. Dollar traded mixed today against major currencies as the market’s attention is squarely fixed on the Federal Open Market Committee (FOMC) meeting, which will take place tomorrow. U.S. Dollar Steady in Tokyo Ahead of Economic Data | 20 June 2008 5:40 AM GMTThe U.S. Dollar traded within narrow ranges against major currencies on Friday in Tokyo as investors are waiting for new leads prior to the release of the U.S. economic data today and the Federal Open Market Committee (FOMC) meeting which starts next week, Tuesday. U.S. Dollar Drops Slightly in Sydney | 19 June 2008 1:49 AM GMTThe U.S. Dollar again fell slightly against major currencies in mid-morning trading today in Sydney as investors’ are beginning to feel that the Federal Reserve will not hike interest rates this year. U.S. Dollar Mixed in Early Morning Trading in Sydney | 18 June 2008 12:27 PM GMTIn mid-morning trading today in Sydney, the U.S. Dollar traded mixed against major currencies as the tussle continues with respect to which of the central banks, i.e. the U.S. Federal Reserve or the European Central Bank, will aggressively fight inflation. Investors in the currency market remain divided on the short term direction of the U.S. currency following expectations that the central banks are not likely to hike rates in the near term. U.S. Dollar Steady in Early Trading in Sydney | 17 June 2008 10:30 AM GMTThe U.S. currency traded in narrow ranges on Tuesday against major currencies as investors’ expectations that the Federal Reserve Bank will hike interest rates soon started to wane. It appears that the recent weak U.S. economic data is influencing the Fed’s decisions to hike interest rates. Many analysts believe that the market has to scale back its expectations of any aggressive interest rate hike by the Fed in the months ahead. U.S. Dollar Slides against the Euro in Asia Trading in Anticipation of ECB Rate Hike | 17 June 2008 10:29 AM GMTThe U.S. Dollar fell against the Euro in mid-afternoon trading in Asia because investors are speculating that the European Central Bank will increase its key interest rate next month, the first increase in a year. The market is anticipating that the ECB will hike its interest rate by 25 basis points or more, following comments made by ECB president, Jean-Claude Trichet, since July, to curb rising inflationary pressures in the Euro zone. U.S. Dollar Slides against the Euro in Asia Trading in Anticipation of ECB Rate Hike | 16 June 2008 11:45 AM GMTThe U.S. Dollar fell against the Euro in mid-afternoon trading in Asia because investors are speculating that the European Central Bank will increase its key interest rate next month, the first increase in a year. The market is anticipating that the ECB will hike its interest rate by 25 basis points or more, following comments made by ECB president, Jean-Claude Trichet, since July, to curb rising inflationary pressures in the Euro zone.
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Live FX Rates
| Symbol | Change | High | Low |
|---|
| EUR/USD | -0.0071 | 1.2601 | 1.2499 |
|---|---|---|---|
| AUD/USD | 0.0013 | 0.9798 | 0.9729 |
| EUR/GBP | -0.0024 | 0.8044 | 0.7982 |
| EUR/JPY | -0.31 | 100.32 | 99.5 |
| GBP/USD | -0.0035 | 1.5699 | 1.5633 |
| USD/CAD | 0.0042 | 1.031 | 1.025 |
| USD/CHF | 0.0057 | 0.9609 | 0.9544 |
| USD/JPY | 0.23 | 79.81 | 79.52 |
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