Forex News

By Peter Nurse Investing.com - The U.S. dollar resumed its seemingly relentless march higher in early European trading Thursday, while sterling slumped as the relief rally attached to the Bank of England’s intervention into the bond market dissipated. At 03:10 ET (07:10 GMT), the Dollar Index, which tracks the greenback against a...

The British Pound is trading at levels not seen since the Bretton Woods monetary system was abandoned in 1972. The US Dollar continues to trade higher as assets perceived as safe havens are being sought. Sterling collapsed again on Monday after the mini budget delivered on Friday has the market...

The Japanese Yen is once again eyeing off the 145 handle to start the week. Intervention by the Bank of Japan selling USD/JPY last week saw tumultuous price action. A move back above 145 will be watched closely to see if the central bank is still keen to defend...

By Caroline Valetkevitch NEW YORK (Reuters) - The U.S. dollar was at its lowest level since mid-June against the Japanese yen on Monday as investors weighed the likelihood that the Federal Reserve will not raise interest rates as aggressively as some had expected. The U.S. dollar index was volatile after data showed U.S....

EUR/USD POST-FED REBOUND SUSCEPTIBLE TO US GDP, PCE REPORT EUR/USD trades within last week’s range as the Federal Open Market Committee (FOMC) retains its current approach in combating inflation, and it seems as though the central bank will adjust the forward guidance over the coming months as Chairman Jerome Powell acknowledges that “it likely will...

THURSDAY’S ASIA-PACIFIC OUTLOOK Asia-Pacific markets are set to trade higher after a rosy New York trading session. Traders moved into risk assets following the Federal Reserve’s policy announcement. The market trimmed future bets on aggressive rate hikes, dragging on Treasury yields and the US Dollar. The tech-heavy Nasdaq-100 Index (NDX) rose more than...