News
Exchange-rate news and market analysis from the FxRate desk.
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…
FX News USD/CHF Slips as Swiss Franc Rises Before Inflation Data and US Elections
Swiss Franc gains support as annual CPI is projected to rise to 1.3%. Switzerland presents a complex economic landscape, characterised by a decline in retail sales juxtaposed with…
FX News GBP/USD Pulls Back Ahead of BoE Rate Decision and US Midterm Elections
GBP/USD softens to approximately 1.3405 in the early Asian session on Tuesday. Democrats are anticipated to secure a majority in the House of Representatives. The BoE is expected…
FX News USD/CAD Slips as Oil Rebounds and Supports the Canadian Dollar
The USD/CAD pair experiences depreciation as recovering crude oil prices approach $95.80 per barrel, strengthening the commodity-linked Canadian Dollar in relation to the US Dollar. Current diplomatic negotiations…
FX News EUR/USD Rises Toward 1.1175 as Eurozone Growth Beats Forecasts
In the early European session on Monday, the EUR/USD strengthened to about 1.1175. France’s outlook was revised from “stable” to “negative” by Fitch, which could limit the Euro’s…
FX News AUD/USD Slips Toward 0.7025 Ahead of RBA Rate Decision
AUD/USD edges lower to near 0.7025 in the early Asian session on Monday. Iran has issued a warning regarding the potential for expanded strikes against the United States,…
FX News GBP/USD Holds Near 1.3390 Ahead of BoE Rate Decision
GBP/USD remains stable at approximately 1.3390 during the Asian session on Monday. Markets are significantly factoring in expectations that the BoE will elevate the Bank Rate to 4.0%…
FX News USD/CAD Holds Losses as Canadian Dollar Maintains Gains
USD/CAD remains subdued as safe-haven demand for the US Dollar eases, influenced by ongoing diplomatic efforts in the Middle East. The Canadian Dollar may encounter challenges as declining…
FX News USD/CHF Slides to 0.8220 as Safe-Haven Demand Fades
The USD/CHF experiences a decline as the alleviation of tensions in the Middle East diminishes the demand for safe-haven assets and alters expectations regarding Federal Reserve rate hikes.…
