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Daily Forex News
Among Asian currencies, the New Zealand Dollar, commonly called the Kiwi Dollar, was among the biggest movers today.
The Euro hit a 3-day peak today as investors eye next week’s policy meeting of the European Central Bank.
The U.S. dollar hit a two-week peak against the yen on Thursday morning after a rise in U.S. bond yields on Wednesday.
The Pound Sterling initially ticked higher but soon after fell to a 6-day trough after the latest economic data on the UK economy showed wage growth still slow and lagging UK inflation.
Oil prices were higher on Wednesday morning, powered by a decline in I.S. crude inventories and continued worries about political tensions in Iraq and Iran.
Dave Ramsden, the new deputy governor of the Bank of England said that he was not in support of voting for an interest rate hike, calling into question when the BoE will implement its first interest rate hike in over ten years.
peculation that U.S. President Donald Trump will appoint a hawkish head of the Federal Reserve when current Chair Janet Yellen’s term expires kept the dollar steady on Tuesday morning.
The British pound headed higher on Monday despite Prime Minister Theresa May’s struggles with Brexit policy that has been plaguing the currency of late.
Oil prices were broadly higher on Monday morning after Iraqi troops advanced towards Kirkuk, an oil-rich region in Kurdistan that recently declared independence from Baghdad.
This week will see relatively thin news agenda like last week, with the key economic data due input coming from the United Kingdom and China.
The US Dollar is struggling in Asian trade, and is poised to record a loss for the week ahead of today’s release of US inflation data.
The Pound Sterling inched higher against a lackluster US Dollar despite uncertainty over the Brexit negotiations.
The Canadian Dollar, known to FX traders as the Loonie, inched higher to a 1-week peak after the latest minutes from the Federal Reserve Bank weighed on the US Dollar.
The rise is generally attributed to a surge of relief felt now that there appears to be a halt to Catalonia’s quest for independence from Spain.
Oil prices were higher on Wednesday, extending Tuesday’s 2 percent gains on expectations that markets are finally tightening after struggling with oversupply for the past few years.