FOREX news

Euro Declines Amid Political Shifts in Europe

Euro Declines Amid Political Shifts in Europe

FOREX news
2 weeks ago

The euro has experienced a significant drop, hitting new lows against major currencies. The plunge follows French President Emmanuel Macron's call for a snap election in response to a surge in support for the far-right National Rally party. Across Eu...

Yen at Weakest Level Since 1990 as Dollar Strengthens

Yen at Weakest Level Since 1990 as Dollar Strengthens

FOREX news
1 month ago

The value of the Japanese yen has reached a historic low, as it traded at 160 against the U.S. dollar. This is the first time the yen has dropped to this level since April 1990, when it briefly touched 160.15. Although the yen was trading around 156....

US Dollar Strengthens Against Peer Currencies

US Dollar Strengthens Against Peer Currencies

FOREX news
2 months ago

The US dollar has grown stronger in recent weeks, showing off the robustness of the American economy. The US dollar index, a measure of the greenback against peer currencies, recently reached 106.26, marking its highest point since early November.&nb...

Asian Currencies Set to Gain as Fed Signals Rate Cuts

Asian Currencies Set to Gain as Fed Signals Rate Cuts

FOREX news
4 months ago

The U.S. Federal Reserve's anticipated rate cuts later this year could be a positive development for several Asian currencies. Higher interest rates generally lead to a stronger currency. Still, the Fed's shift toward a more dovish stance could lead...

The US Dollar is Gaining Strength

The US Dollar is Gaining Strength

FOREX news
4 months ago

The dollar is making a comeback after a tumultuous 2023, defying earlier expectations of an imminent decline due to potential interest rate cuts. The US Dollar Index, a measure of the currency's strength against a basket of foreign currencies, h...

The British Pound Suffers Worst Month for a Year

The British Pound Suffers Worst Month for a Year

FOREX news
8 months ago

The British pound suffered its worst month against the U.S. dollar for a year in September, with analysts painting a gloomy future picture, as growth expectations weaken once again.The Sterling fell 3.75% against the dollar through the month, a decli...

Turkish Lira Falls against Dollar after Steep Interest Rate Hike

Turkish Lira Falls against Dollar after Steep Interest Rate Hike

FOREX news
9 months ago

The Turkish lira weakened to 27.06 against the dollar, ceding 0.3%, after Turkey’s central bank hiked its key interest rate to 30% on Thursday, a 500-basis point jump from 25%, as Ankara continues to battle double-digit inflation.The central bank dec...

Argentina Monthly Inflation Highest in Two Decades

Argentina Monthly Inflation Highest in Two Decades

FOREX news
9 months ago

Argentina's inflation surged to 12.4% in August — marking the most drastic monthly surge the nation has seen in over 20 years. This concerning figure was disclosed by the country's official statistics agency this Wednesday.For a nation grappling with...

China's Yuan is Collapsing Against the Dollar

China's Yuan is Collapsing Against the Dollar

FOREX news
9 months ago

China's currency, the yuan, is taking a hit against the dollar, recently dropping to a 16-year low of 7.35 yuan to the dollar. This dip led China's central bank to address "too much speculation" affecting the yuan's value.The rapid depreciation of th...

Turkey Makes Policy About Turn as Lira Plunges

Turkey Makes Policy About Turn as Lira Plunges

FOREX news
11 months ago

Turkey's central bank has raised its key interest rate by a substantial 650 basis points, up to 15%, the first increase since early 2021.After President Recep Tayyip Erdogan’s re-election, his government is now embarking on a new economic policy dire...

British Pound Quietly Beats Every Other Major Currency

British Pound Quietly Beats Every Other Major Currency

FOREX news
1 year ago

After Prime Minister Liz Truss drove the British pound to record lows last year, market watchers thought the currency would not recover for some time. Now the pound is enjoying a comeback, hitting its highest level against the US dollar in 10 months...

Egyptian Pound Sheds Half Its Value Since March

Egyptian Pound Sheds Half Its Value Since March

FOREX news
1 year ago

Egypt, the most populous country in the Arab world, has had a brutal year. The Egyptian pound recently softened by more than 13% to a new low of 32 to the US dollar. Since March 2022, the pound has lost half of its value against the greenback as the...

Sterling Touches Recent Highs Against Dollar

Sterling Touches Recent Highs Against Dollar

FOREX news
1 year ago

The British pound has been edging up against the US dollar in recent weeks to within striking distance of a six-month high as investors await major central bank policy meetings this week, including that at the Bank of England (BOE).The pound was trad...

Malaysian Currency Falls After Deadlocked Election

Malaysian Currency Falls After Deadlocked Election

FOREX news
1 year ago

Malaysia’s stock market and national currency wobbled after an election resulted in the country’s first ever hung parliament. Parties must now form a coalition before an administrative deadline that expires in a few days, and thereafter must deal wit...

Japan's Stealthy Yen Moves Designed for Maximum Impact

Japan's Stealthy Yen Moves Designed for Maximum Impact

FOREX news
1 year ago

The Japanese government spent a record $43 billion supporting the yen in October. Finance Minister Shunichi Suzuki said the interventions were designed to be stealthy, in an attempt to maximize their effects.The Japanese finance ministry and central...

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