News
Exchange-rate news and market analysis from the FxRate desk.
FX News EUR/USD Plummets as Powell Unveils ‘Hawkish Cut’
EUR/USD declined on Wednesday by more than 0.43% following the Federal Reserve’s announcement of a “hawkish cut.” Fed Chair Jerome Powell remarked that “rate cut in December is…
FX News GBP/USD Falls Below 200-Day SMA Amid UK Data and BoE Rate Cut Concerns
GBP/USD declines over 0.35% on Wednesday, falling beneath the 1.3250 level, as expectations for a rate cut by the Bank of England for the upcoming November meeting increase,…
FX News EUR/USD Rises Amid US–China Optimism Weighing on Dollar
The EUR/USD pair is currently positioned at 1.1654, following a temporary increase driven by the alleviation of U.S.–China trade tensions. US CB Consumer Confidence declines, indicating a decrease…
FX News GBP/USD Plummets Under 1.33 Amid UK Fiscal Troubles Before Budget
GBP/USD fell over 0.50% on Tuesday as market participants processed the news from the UK’s Office for Budget Responsibility, which intends to reduce productivity, resulting in a significant…
FX News EUR/USD Climbs as US-China Trade Tensions Diminish Before Fed Decision
EUR/USD experiences a slight increase late in the North American session on Monday as the Greenback pulls back from the highs seen last week, coinciding with a de-escalation…
FX News USD/JPY Soars to 153 on Japan’s Stimulus Hopes
The USD/JPY pair experienced a significant rally on Monday, climbing to the 153.00 level and approaching heights not observed since February 2025. The current bullish momentum is fueled…
FX News EUR/USD Stays Steady at 1.1600 as CPI Data Leaves Fed Unmoved
The EUR/USD pair is set to conclude the week with a decline of 0.21%, although it continues to hold above the 1.16 mark for the third consecutive day.…
FX News USD/CHF Remains Stuck in a Range Under 0.8000
USD/CHF remains subdued on Friday; however, the pair is trading below 0.8000 and is set to conclude the week with modest gains exceeding 0.25%. Currently, the pair is…
FX News EUR/USD Holds Firm Around 1.16 as Traders Anticipate US Inflation Figures
EUR/USD remains stable in the North American session on Thursday, with the Dollar showing slight gains of over 0.05% as market participants anticipate the release of September’s US…
FX News GBP/USD Dips on Weaker Data UK Inflation Fuels Dovish Speculation for BoE
GBP/USD experiences a pullback on Thursday, declining more than 0.21% following the recent inflation report, which has heightened the likelihood of a Bank of England rate cut by…
FX News EUR/USD holds firm near 1.1600 as traders anticipate US CPI data
EUR/USD remains stable around the 1.1600 level on Wednesday, with a limited economic calendar on both sides of the Atlantic as market participants anticipate the postponed US Consumer…
FX News GBP/USD holds firm around 1.3360 following lackluster UK CPI data
GBP/USD remains stable in the North American session on Wednesday after the recent inflation report from the United Kingdom, which caused a slight decline in the Pound Sterling,…
