FOREX news

US Dollar Rallies, But It’s Not All Good News

US Dollar Rallies, But It’s Not All Good News

54
FOREX news
13.07.2022

The US dollar is gaining strength at a rapid rate, achieving its strongest level against other major currencies in almost 20 years. The US dollar Index has jumped 4% in the past month and nearly 13% year-to-date, while other important currencies h...

US and Japan Agree to Address Currency Issues

US and Japan Agree to Address Currency Issues

48
FOREX news
12.07.2022

US Treasury Secretary Janet Yellen and Japanese Finance Minister Shunichi Suzuki pledged this week to further solidify bilateral ties and work together to tackle rising food and energy prices exacerbated by Russia's attack on Ukraine. The fina...

Euro and Dollar Reach Parity for First Time in 20 Years

Euro and Dollar Reach Parity for First Time in 20 Years

52
FOREX news
11.07.2022

For the first time in almost 20 years, the exchange rate between the euro and the US dollar is equal. This comes after the euro fell nearly 20% in value over the past year compared to the US dollar. In the last two decades, the euro has always tra...

Euro Falls to 20-Year Low as Recession Fears Grow

Euro Falls to 20-Year Low as Recession Fears Grow

48
FOREX news
06.07.2022

Investors this week flocked to the US dollar in search of a safe haven, strengthening the greenback to levels not seen since 2002. Meanwhile, the euro slumped to 20-year lows as the latest surge in European gas prices increased recession fears. ...

Slowing of Asian Manufacturing Adds to Global Recession Fears

Slowing of Asian Manufacturing Adds to Global Recession Fears

49
FOREX news
04.07.2022

Asia’s manufacturing slowed markedly in June as many firms suffered supply disruptions because of China’s tough COVID-19 lockdowns. This, in addition to worrying signs of economic downturns in Europe and the US, have analysts fearing a gl...

Iran Currency Falls to Lowest Ever Value Against US Dollar

Iran Currency Falls to Lowest Ever Value Against US Dollar

77
FOREX news
30.06.2022

The Iranian Rial plunged to its lowest value ever this monthת as talks to resuscitate the country’s broken nuclear deal with world powers remained at an impasse. Traders in Tehran exchanged the rial at 332,000 to the US dollar, up from the s...

Euro Gains Traction Ahead of Inflation Data

Euro Gains Traction Ahead of Inflation Data

59
FOREX news
29.06.2022

The euro gained ground on Tuesday as investors steadied themselves for European inflation figures to remain hot this week while they waited on a speech from European Central Bank (ECB) President Christine Lagarde. The euro climbed 0.3% in the week...

High Inflation Drags Consumer Sentiment to Record Lows

High Inflation Drags Consumer Sentiment to Record Lows

68
FOREX news
27.06.2022

Consumer sentiment reached record lows in June as Americans continued to grapple with high prices for such everyday essentials as gas and food. The University of Michigan's Surveys of Consumers Consumer Sentiment Index reached its lowest level...

Swiss Central Bank Hikes Interest Rate by Half a Point

Swiss Central Bank Hikes Interest Rate by Half a Point

66
FOREX news
19.06.2022

In an unexpected move, Switzerland's central bank announced a half a percentage-point increase to the country’s interest rate on Thursday, the first such move in almost 15 years.  The central bank said the intervention was designed...

Europe Facing Serious Headwinds

Europe Facing Serious Headwinds

77
FOREX news
13.06.2022

Analysts believe the Eurozone is headed for a rough few months, with recession a distinct possibility. Regardless, many agree this should not stop the European Central Bank (ECB) from raising interest rates. The normal playbook in tough times woul...

British Pound Faces Strong Headwinds

British Pound Faces Strong Headwinds

96
FOREX news
30.05.2022

Several influential analysts are predicting a major crisis in the value of the UK’s Pound Sterling. It is expected that the British currency will come off badly as it faces such competing forces as its widening current account deficit, a sourin...

Robinhood Shares Nosedive as Company Announces Layoffs

Robinhood Shares Nosedive as Company Announces Layoffs

148
FOREX news
27.04.2022

Robinhood announced Tuesday that the online broker will lay off 9% of its staff, causing shares of the company's stock to hit a new low. The company defended its actions by claiming its financial position was strong, but it had too many duplic...

Euro Struggles as Ukraine Conflict Start to Bite

Euro Struggles as Ukraine Conflict Start to Bite

223
FOREX news
08.03.2022

The euro fell to a nearly two-year low against the US dollar as commodity-dependent currencies hit multi-month highs after Russia’s invasion of Ukraine raised oil prices. The euro slid by about 1% to $1.0822, its lowest since May 2020. The c...

Asian Currencies Lifted by Hopes of Ukraine Summit

Asian Currencies Lifted by Hopes of Ukraine Summit

240
FOREX news
21.02.2022

Asian currencies showed positive signs on Monday, after risk appetite improved on US and Russian plans for a summit on the Ukraine crisis. The South Korean won and the Thai baht climbed about 0.2%, while the Philippines peso and the Singaporean do...

Euro Leads Market Rebound on Cooling Ukraine Tensions

Euro Leads Market Rebound on Cooling Ukraine Tensions

250
FOREX news
16.02.2022

The euro rallied in Tuesday’s trading on news that Russia announced it would pull back some of its troops from the Ukraine border. However, no sooner had the currency jumped 0.45% did it soften to $1.1347 on the news of a cyber-attack affect...