News
Exchange-rate news and market analysis from the FxRate desk.
FX News EUR/USD Dips for Third Day as Strong US Data Boosts Dollar
EUR/USD continues to decline for the third consecutive day this week, decreasing approximately 0.10% as the Greenback strengthens following a robust Purchasing Managers Index report from the ISM,…
FX News USD/CHF dips to around 0.7950 as Venezuela crisis boosts Swiss Franc
The USD/CHF pair is currently positioned in negative territory around 0.7950 in the early European session on Wednesday. The US Dollar is experiencing a decline against the Swiss…
FX News EUR/USD dips under 1.1700 amid Europe’s slowdown
The EUR/USD fell by more than 0.28% on Tuesday, despite mixed economic data from the United States, as Federal Reserve officials provided neutral to dovish remarks. Meanwhile, data…
FX News USD/JPY Holds Steady Under 158 as Rate Gap Fuels Bullish Momentum
The USD/JPY pair experienced an initial rally during trading session; however, it has subsequently declined, reflecting a somewhat lackluster performance by the US dollar overall. Upon examining the…
FX News EUR/USD holds at 1.1720 as traders dismiss Venezuela concerns
EUR/USD recovers from the lows of 1.1710 as risk appetite strengthens, even in light of geopolitical developments related to Venezuela. Soft US manufacturing data exerts downward pressure on…
FX News USD/JPY remains bullish despite near-term consolidation
The US dollar experienced an initial surge against the yen; however, it is important to highlight that the markets continue to incentivize holding the USD/JPY pair on the…
FX News EUR/USD Stays positive, first upward barrier over 1.1800
EUR/USD is showing positive momentum, approaching 1.1755 during the early European session on Friday. The major pair maintains a positive outlook, remaining above the significant 100-day EMA, accompanied…
FX News GBP/USD strengthens past 1.3450 on Fed rate cut hopes
GBP/USD moves upward, approaching 1.3480 during the early Asian session on Friday. Market participants anticipate further USD depreciation if the incoming Fed Chair pursues more aggressive interest-rate reductions…
FX News USD/JPY Surges Past 156.50 as BoJ’s Cautious Tightening Pressures Yen
The USD/JPY pair shows strength, reaching approximately 156.75 during the early Asian session on Friday. The measured approach of the BoJ regarding monetary tightening exerts pressure on the…
FX News EUR/USD Struggles Near 1.18 as Downside Risks Persist
The EUR/USD experienced a slight decline, indicating a lack of momentum to surpass the 1.18 threshold. That does seem logical, especially with the New Year holiday approaching. The…
FX News USD/JPY Faces Direction Dilemma in Holiday Market Split
The US dollar showed fluctuations against the Japanese yen during trading, with USD/JPY indicating a challenge in gaining any definitive momentum. The US dollar demonstrated fluctuations against the…
FX News EUR/USD Dips Under 1.1750 Post Fed Minutes
EUR/USD experiences a decline, settling at approximately 1.1745 during the early Asian session on Wednesday. According to the Fed Minutes, a majority of officials anticipate further reductions in…
