News
Exchange-rate news and market analysis from the FxRate desk.
FX News EUR/USD Falls to 1.1215 as Hawkish ECB Offsets Losses
The EUR/USD pair experiences a decline, settling at approximately 1.1215 during the early Asian trading session on Friday. Hawkish remarks from ECB policymakers could potentially mitigate the Euro’s…
FX News USD/CAD Holds at 1.4010 as Oil Rises Against Dollar Before NFP
USD/CAD exhibits minimal movement as the rebound in WTI prices bolsters Canada’s export revenues. Democratic election victories have led to expectations of gridlock, while simultaneously fostering hopes for…
FX News USD/CHF Rises as Safe-Haven Demand Supports Franc
The Swiss Franc strengthens as market caution and expectations of political gridlock drive safe-haven demand. The upside for the greenback appears constrained as US bond yields decline and…
FX News AUD/USD Falls as RBA Signals Possible December Rate Pause
The RBA raised interest rates to 4.85%, yet a split vote indicates a possible pause in December. High Australian inflation persists; however, the less hawkish guidance from the…
FX News AUD/USD Rises to 0.7010 as Australian Trade Surplus Jumps
Australia’s September Trade Surplus expanded notably to A$2,826M, propelled by increasing exports and decreasing imports. The US Dollar experienced a decline as concerns over political gridlock intensified in…
FX News EUR/USD Hits 1.1245 as Eurozone Inflation Reaches 4%
The EUR/USD pair has strengthened, reaching its highest level in nearly a month, approximately 1.1245, during the early session on Thursday in Asia. Democrats gained control of both…
FX News USD/CAD Falls to 1.3950 as Dollar Weakness Supports Loonie
The US Dollar experienced a decline, attributed to concerns over political gridlock in the aftermath of a Democratic sweep during the midterm elections. Recent US economic data reinforces…
FX News GBP/USD Rises to 1.3485 Ahead of Bank of England Rate Decision
GBP/USD strengthens to approximately 1.3485 during Thursday’s Asian session. Democrats secure control of both the Senate and House of Representatives in the US midterm elections. The Bank of…
FX News USD/CHF Falls to 0.8170 as Dollar Weakness Supports Franc
The USD/CHF pair experiences depreciation as the US Dollar shows signs of weakness following the Democrats’ acquisition of a majority in the US House. Increased geopolitical risks stemming…
FX News USD/CAD Falls as Weaker Dollar and Rising Oil Support Canadian Dollar
USD/CAD declines as the US Dollar faces challenges due to decreasing US Treasury yields. Early midterm election results indicate that Democrats are ahead of Republicans in initial projections…
FX News AUD/USD Rebounds Near 0.6970 as Chinese Data Supports Australian Dollar
The Australian Dollar maintained its position even as China’s RatingDog Services PMI experienced a minor decline to 50.8 in October. Australia’s domestic services and composite PMIs have fallen…
FX News EUR/USD Climbs Toward 1.1240 as ECB Signals December Rate Hike
EUR/USD is experiencing upward momentum, approaching the 1.1240 mark during the early hours of Wednesday’s Asian session. US midterm elections will take center stage on Wednesday. ECB’s Nagel…
