News
Exchange-rate news and market analysis from the FxRate desk.
FX News EUR/USD Plummets to 1.1600 on Strong US Data Surge Cash
EUR/USD declined to a new yearly low below 1.1600 on Thursday, driven by robust economic data from the US and widespread strength of the US Dollar. Traders exhibited…
FX News GBP/USD Breaks December Uptrend, Focus Shifts to Key Support Levels
GBP/USD has breached the December uptrend after faltering just before resistance, indicating a significant change in the near-term framework. The pullback extended nearly 1.3% from the highs before…
FX News EUR/USD steady at 1.1650 as US PPI heats up
EUR/USD is in a consolidation phase on Wednesday, hovering around 1.1645, remaining unchanged as a risk-off sentiment driven by geopolitical uncertainties keeps traders cautious. The Eurozone presented a…
FX News USD/CHF Edges Up Above 0.8000 as US CPI Matches Expectations
The USD/CHF pair is experiencing slight increases, trading near 0.8010 in the early European session on Wednesday. The Greenback appreciates against the Swiss Franc following US inflation data…
FX News EUR/USD Dips Under 1.1650 as Strong US Labor Data Supports Cash
EUR/USD is experiencing losses on Tuesday, despite the recent benign inflation data from the United States, suggesting that the Federal Reserve may indeed lower interest rates as anticipated…
FX News GBP/USD strengthens past 1.3450 amid Fed independence
GBP/USD shows strength, reaching approximately 1.3470 during the early European session on Tuesday. Renewed concerns regarding the Fed’s independence are putting pressure on the US Dollar in comparison…
FX News EUR/USD momentum wanes as 1.1700 limits rebound
EUR/USD breaks its seven-day losing streak as the Greenback faces widespread pressure. Concerns regarding the independence of the Federal Reserve are impacting the value of the US Dollar.…
FX News GBP/USD Resistance appears over 1.3450
The GBP/USD pair sees interest from buyers near 1.3430 in the early hours of European trading on Monday. The Greenback weakens against the Pound Sterling following remarks from…
FX News EUR/USD closes at 1.1640, down 0.7% as Dollar takes charge
EUR/USD continued its downward trend over the week, set to record losses of 0.70%, having declined by 0.20% on Friday, even in light of mixed economic data from…
FX News USD/JPY Carry Trade Dynamics and Key Technical Levels
The carry trade continues to be a significant influence currently in many of the Japanese yen-related pairs, particularly in the USD/JPY market. The US dollar experienced a slight…
FX News EUR/USD dips to 1.1650 as robust US jobs data lifts Dollar
EUR/USD declines for the fourth consecutive day on Thursday, influenced by stronger-than-anticipated jobs economic data. The data from the Eurozone confirmed to traders that the European Central Bank’s…
FX News GBP/USD Holds Steady Above 1.3450 as Traders Await US Jobs Data
The GBP/USD pair is currently exhibiting a stable performance, hovering around 1.3465 in the early hours of European trading on Thursday. Markets exhibit a cautious stance as traders…
