FOREX news

US and Japan Agree to Address Currency Issues

US and Japan Agree to Address Currency Issues

FOREX news
2 years ago

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

FOREX news
2 years ago

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

FOREX news
2 years ago

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

FOREX news
2 years ago

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

FOREX news
2 years ago

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

FOREX news
2 years ago

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

FOREX news
2 years ago

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

FOREX news
2 years ago

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

FOREX news
2 years ago

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

FOREX news
2 years ago

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

FOREX news
2 years ago

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

FOREX news
2 years ago

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

FOREX news
2 years ago

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

FOREX news
2 years ago

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...

Hawkish ECB Turn Blindsides Australia Dollar

Hawkish ECB Turn Blindsides Australia Dollar

FOREX news
2 years ago

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...

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