News
Exchange-rate news and market analysis from the FxRate desk.
FX News EUR/USD Rises on Weak US Jobs Data, Boosting Fed Cut Speculation
EUR/USD shows signs of recovery on Thursday, reflecting a gain of 0.45% after rebounding from daily lows of 1.1486, attributed to a weakening of the Greenback. The recent…
FX News GBP/USD Stays Low Ahead of Bank of England Decision
The GBP/USD pair is currently seeking support near 1.3062 on Thursday, as investors take a measured approach ahead of the crucial Bank of England monetary policy meeting scheduled…
FX News EUR/USD Holds Steady Around 1.15 as Traders Reassess Rate-Cut Hopes
EUR/USD is stabilizing near 1.1480 on Wednesday, breaking a five-day losing streak as economic data from the US has led investors to become less certain about a potential…
FX News GBP/USD Stabilizes After Plunge Amid Reeves’ Tax Warning
GBP/USD remains stable on Wednesday after experiencing a 0.90% decline on Tuesday, prompted by UK finance minister Rachel Reeves indicating the possibility of tax increases to adhere to…
FX News EUR/USD Continues Downward Trend Ahead of ADP, ISM, and Eurozone PMI
The Euro continues to decline against the US Dollar on Tuesday, as increased demand for the Greenback exerts pressure on the currency pair. At this moment, EUR/USD stands…
FX News USD/CHF Soars to Two-Month Peak as US Dollar Stays Strong
The Swiss Franc continues to weaken against the US Dollar on Tuesday, as the currency pair marks its fifth consecutive day of gains, driven by widespread strength in…
FX News EUR/USD Faces Ongoing Struggles as Traders Anticipate Crucial Data
The EUR/USD pair is experiencing a decline for the fourth consecutive session, approaching the 1.1532 level. Investor sentiment is currently characterized by caution as markets process recent trade…
FX News USD/CHF Extends Gains, Forming a Potential Base
The U.S. dollar appreciated against the Swiss franc on Friday, continuing its upward trajectory across a wide spectrum. With support at 0.79 and resistance near 0.81, the USD/CHF…
FX News EUR/USD Steady Near 1.16 Ahead of ECB Decision
The EUR/USD was positioned near the 1.16 level prior to the ECB rate decision, experiencing a slight rebound after the Fed’s somewhat hawkish press conference yesterday, during which…
FX News USD/JPY Soars to Nine-Month Peak Amidst Yen’s Tough October
The USD/JPY pair surged to a nine-month peak on Friday, nearing the significant 154.00 threshold. The yen wrapped up October with a decline of around 4%, indicating a…
FX News EUR/USD Dips Under 1.16 Amid Fed’s Hawkish Move and ECB’s Stance
EUR/USD experienced a pullback on Thursday following the European Central Bank’s decision to maintain rates at their current level. Meanwhile, traders continued to process the ‘hawkish’ cut announced…
FX News GBP/USD Plummets Under 1.32 as Powell’s ‘Hawkish Cut’ Boosts US Dollar
GBP/USD continues to decline for the third consecutive day on Thursday, falling more than 0.25% as traders drive the exchange rate below the 1.3200 level, in response to…
