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Forex News
November 232016
British Pound Moves Higher on UK’s Fiscal Stimulus Plans
The British pound enjoyed a positive push on Wednesday following the UKâs Autumn Statement. Chancellor Philip Hammond gave the statement earlier today, during which he spoke about increasing productivity to create better living standards for workers. Hammond announced new spending plans that are aimed at the productivity problem in the United Kingdom. In the statement, increased spending on infrastructure and innovation was prioritized. An additional fiscal stimulus to the UKâs roads and railways will […]
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November 222016
Dollar Returns to Gains as Traders Expect Accelerated Rate Hikes
The dollar did not stay down for long, as the US currency already went higher on Tuesday. A surge in US existing home sales during October boosted tradersâ expectations that the Federal Reserve might decide multiple interest rate increases in 2017 following a predicted rate hike in December. After a small selloff on Monday, which was caused by tradersâ reevaluation of the dollarâs recent gains, the US currency returned to climb again on Tuesday. […]
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November 222016
Dollar Returns to Gains as Traders Expect Accelerated Rate Hikes
The dollar did not stay down for long, as the US currency already went higher on Tuesday. A surge in US existing home sales during October boosted tradersâ expectations that the Federal Reserve might decide multiple interest rate increases in 2017 following a predicted rate hike in December. After a small selloff on Monday, which was caused by tradersâ reevaluation of the dollarâs recent gains, the US currency returned to climb again on Tuesday. […]
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November 222016
British Pound Reverses Yesterday’s Gains Ahead of Hammond’s Statement
The British pound came under pressure on Tuesday as currency traders had an increased demand for shelter assets to reduce their exposure to sudden movements in the poundâs exchange rate. The pound is expected to move violently ahead of the UKâs Autumn Statement that will be given tomorrow by Chancellor Philip Hammond. Investors will be keeping a close eye on the statement, which is expected to give more hints on the governmentâs spending plan following […]
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November 222016
British Pound Reverses Yesterday’s Gains Ahead of Hammond’s Statement
The British pound came under pressure on Tuesday as currency traders had an increased demand for shelter assets to reduce their exposure to sudden movements in the poundâs exchange rate. The pound is expected to move violently ahead of the UKâs Autumn Statement that will be given tomorrow by Chancellor Philip Hammond. Investors will be keeping a close eye on the statement, which is expected to give more hints on the governmentâs spending plan following […]
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November 212016
British Pound Jumps Against Dollar on Possible Brexit Deal
The British pound gained on Monday to cut most of the losses it had during the past week. The sterling moved higher after UK Prime Minister Theresa May hinted that sheâs working on reaching a Brexit deal that would be beneficial for business within the nation. Her comments, which were made when she addressed the CBI conference earlier today, promised the lowest corporate tax rates in the Group of Twenty and an increased […]
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November 212016
British Pound Jumps Against Dollar on Possible Brexit Deal
The British pound gained on Monday to cut most of the losses it had during the past week. The sterling moved higher after UK Prime Minister Theresa May hinted that sheâs working on reaching a Brexit deal that would be beneficial for business within the nation. Her comments, which were made when she addressed the CBI conference earlier today, promised the lowest corporate tax rates in the Group of Twenty and an increased […]
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November 212016
US Dollar Halts Its Rise After 10 Straight Days of Gains
The rise of the US dollar came to a full stop on Monday after two weeks of rapid gains. Currency traders are reevaluating the greenbackâs recent gains, which forced the currency to edge lower today after reaching its strongest level since 2003 last week. Investors turned away from the safety of the Japanese yen to speculate the limit of the US currencyâs gains on the short term. Markets expect that the US Federal Reserve will need […]
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November 212016
US Dollar Halts Its Rise After 10 Straight Days of Gains
The rise of the US dollar came to a full stop on Monday after two weeks of rapid gains. Currency traders are reevaluating the greenbackâs recent gains, which forced the currency to edge lower today after reaching its strongest level since 2003 last week. Investors turned away from the safety of the Japanese yen to speculate the limit of the US currencyâs gains on the short term. Markets expect that the US Federal Reserve will need […]
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November 212016
New Zealand Dollar Higher During Monday’s Trading
The New Zealand dollar rose against its major peers, including the US dollar and the Japanese yen, during Monday’s trading session. The kiwi was falling for eight straight trading sessions versus the greenback before rising today. The New Zealand currency demonstrated better performance against the yen, rising for three days in a row. As for economic data from New Zealand released today, credit card spending rose in October 10.2% from […]
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