News
Exchange-rate news and market analysis from the FxRate desk.
FX News EUR/USD Soars to 8-Week High Near 1.1700 on Fed’s Dovish Cut
EUR/USD experienced a notable increase of over 0.59% on Wednesday following the Federal Reserve’s anticipated rate cut. This “dovish hold” led traders to move away from the Dollar…
FX News USD/JPY Stalls as Yen Holds Strong
The USD/JPY pair is currently stabilizing around 156.57 on Wednesday, taking a breather following three straight days of upward movement. This stability persists even in light of a…
FX News EUR/USD Climbs Close to 1.1650 on Fed Rate Cut Hopes
The EUR/USD pair advances to approximately 1.1645 in the early European session on Tuesday. The anticipation of a US interest rate cut on Wednesday exerts pressure on the…
FX News GBP/USD Retreats as US Dollar Strengthens on Jobs Data
GBP/USD has fallen below the critical support level identified at the 200-day Simple Moving Average of 1.3331, experiencing a decline of approximately 0.21% on Tuesday as market participants…
FX News USD/JPY Eyes Rebound Ahead of Crucial FOMC Decision
USD/JPY initially declined but strengthened following the U.S. core PCE aligning with expectations, with technical indicators suggesting a potential bullish rebound ahead. Support levels are holding steady, and…
FX News EUR/USD Rises as Market Eyes the Fed
The EUR/USD pair commenced the week favorably, climbing to 1.1653. The recent shift was driven by increasing anticipation for a Federal Reserve rate cut this Wednesday, which continues…
FX News EUR/USD holds steady at 1.1650 amid ECB uncertainties
The EUR/USD held its ground, set to conclude the week with an increase of 0.39%. Trading activity slowed, constrained by the 1.1650 level as market participants focused on…
FX News USD/CHF Drops Under 0.8050 as Fed Rate Cut Anticipation Grows
The USD/CHF pair is experiencing a decline in momentum, currently trading near 0.8030 in the early European session on Friday. Increasing speculation regarding a potential US interest rate…
FX News EUR/USD Slides as US Jobs Data Strengthens Dollar Amid Fed-Cut Speculation
The Euro experienced a slight decline on Thursday as market participants analyze the latest US employment figures while preparing for the upcoming release of the Federal Reserve’s favored…
FX News GBP/USD dips under 1.3350 as US Dollar demand rises
The GBP/USD pair declines to approximately 1.3330 during the Asian trading session on Thursday. The major pair pulls back from a near two-month peak as demand for the…
FX News EUR/USD Rises as US Labor Data Weakens, Cut Odds Hit 90%
EUR/USD increased by more than 0.40% on Wednesday following US economic data that strengthened expectations for a rate cut by the Federal Reserve at the upcoming December 9-10…
FX News USD/JPY Drops as Market Eyes Bank of Japan Policy
The USD/JPY pair declined to 155.67 on Wednesday, managing to recover a portion of the significant losses incurred in the prior session. The decline was influenced by renewed…
