News
Exchange-rate news and market analysis from the FxRate desk.
FX News GBP/USD Holds Steady Ahead of UK GDP Data
GBP/USD remains stable around 1.3415 during the early European session on Friday. The cross maintains a bearish sentiment below the 100-day SMA. The immediate resistance level is identified…
FX News EUR/USD Advances on Hawkish ECB Bets
EUR/USD shows resilience, climbing to approximately 1.1540 in the early hours of Thursday. The ECB is anticipated to increase interest rates on Thursday. US initiates new military actions…
FX News GBP/USD Rises as Traders Weigh Fed and BoE Outlooks
GBP/USD moves upward, approaching 1.3385 during the Asian session on Thursday. Traders increase their positions on US interest rate increases following positive US economic data. BoE officials indicated…
FX News EUR/USD Slips as Middle East Tensions Boost Dollar
The EUR/USD pair has softened to approximately 1.1540 during the early Asian session on Wednesday. The US initiated military strikes against Iran in response to the incident involving…
FX News USD/CHF Rises on Safe-Haven Dollar Demand
The USD/CHF pair is likely to experience an upward trajectory due to increased safe-haven demand stemming from escalating tensions in the Middle East. Iran’s IRGC executed a drone…
FX News Euro dips under 1.1550 amid Middle East uncertainty
EUR/USD has softened to approximately 1.1530 during the early Asian session on Tuesday. Israeli Prime Minister Netanyahu stated that the conflict with Iran and Hezbollah “has not yet…
FX News Swiss Franc Stabilises as Safe-Haven Demand Dips for US Dollar
USD/CHF inches lower as the US Dollar remains subdued amid easing Iran-Israel tensions and reduced safe-haven demand. The Greenback’s decline may face constraints due to uncertainties surrounding a…
FX News EUR/USD Rises as Trump Urges Israel Restraint
EUR/USD moves up slightly to around 1.1535 during the early Asian session on Monday. Trump indicated that he will advise Netanyahu against retaliating against Iran. The ECB is…
FX News USD/JPY Trades Firm as BOJ Hike Bets Rise
USD/JPY remains stable above 160.00, prompting heightened vigilance among traders regarding possible intervention from Japanese authorities. Japan’s Q1 GDP increased by 0.5% quarter-on-quarter, surpassing forecasts and showing an…
FX News EUR/USD Holds Near 1.1620 as Traders Await Key US Jobs Report
EUR/USD remains steady around 1.1620 during the early hours of the Asian session on Friday. Market participants will pay keen attention to the forthcoming release of the US…
