FOREX news

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...

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...

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...

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...

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...

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...

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 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...

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 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...

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...

The Australian dollar dropped sharply on Friday after the European Central Bank (ECB) sent shockwaves through markets by finally acknowledging the dangers of high inflation. The euro surged to a two-month high of A$1.6038 after the ECB voiced &ldq...

Turkey’s finance ministry announced in a meeting with economists that it expects inflation to reach highs of 40% during 2022. The country’s inflation rate touched 36.1% in December 2021 and is not expected to go below that level at any...

Currency analysts are predicting a tough 2022 for Argentina, Latin America’s third largest economy. The Argentinian Peso is currently trading at 103.29 Pesos to the US Dollar, but is expected to tumble in the coming months, hitting a rate of ar...

The US Dollar showed strong gains in Tuesday’s trading on expectations the Fed would raise interest rates in the first quarter of 2022 to counter high inflation. The Dollar index, which measures the greenback against six peer currencies, was...