Forex News

Australian Dollar Gains Despite RBA Governor Keeping Neutral Stance

The Australian dollar gained on its most-traded peers today even after Philip Lowe, Reserve Bank of Australia Governor, signaled that he sees no reason for hiking interest rates in the near future. Lowe predicted that the next move in interest rates will likely be hike, not cut: AUD/USD gained from 0.7944 to 0.7960 as of 11:37 GMT today, reaching the daily high of 0.7988. AUD/JPY advanced from 84.30 to 84.49, bouncing from the daily low of 84.06. If you have ...

Read More »

Japanese Yen Falls vs. Rivals Even as Trade Surplus Widens

The Japanese yen fell against virtually all of its most-traded peers today even as Japan’s trade surplus widened last month. The Japanese trade balance logged a surplus of ¥0.37 trillion in January, up from ¥0.09 trillion in December. Both imports and export fell, month-over-month, but imports fell more. Year-on-year, exports were rising at healthy pace, suggesting robust demand for the country’s goods. USD/JPY rose from 106.33 to 106.58 as of 10:19 GMT today, bouncing from the daily ...

Read More »

Australian Dollar Edges Higher in Subdued Monday’s Trade

The Australian dollar gained against its most-traded peers during subdued trading in Monday’s trading session. Today’s trading was subdued due to the President’s Day holiday in the United States. With no economic releases out of Australia to affect the currency, the Aussie joined other commodity currencies in a rally. The Reserve Bank of Australia will release minutes of its latest policy meeting at 00:30 GMT. Most experts anticipate the minutes to confirm the RBA’s neutral stance. AUD/USD gained from 0.7906 to 0.7926 ...

Read More »

Euro Trades Lower Ignoring Mixed German ZEW Survey Data

The euro today was on a downtrend against the US dollar ignoring the release of mixed German ZEW survey data early in the European session. The single currency also did not respond to the release of positive German producer price index earlier in today’s session and continued to lose ground against the US dollar. The EUR/USD currency pair lost about 90 points to decline from an opening high of 1.2410 to hit a low of 1.2320. The euro was under intense selling pressure from the Asian session and the release of the German ...

Read More »

Global stocks sink as bond yields, dollar regain traction

A six-day rebound in world stocks sputtered on Tuesday, hurt by rising bond yields and disappointing earnings from U.S. retailers, while the U.S. dollar extended a rebound from three-year lows. Pressured by higher yields, Wall Street’s main equity indexes fell after six straight days of gains as the market reopened following the Presidents’ Day holiday on Monday. Shares of the ...

Read More »

Dollar Extends Recovery but Outlook Remains Clouded

The dollar extended early gains against a currency basket on Tuesday, continuing its recovery from last week’s three year lows, but the outlook remained clouded by concerns over the outlook for the U.S. fiscal deficit. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was up 0.51% at 89.53 by 10:28 AM ET (15:28 ...

Read More »