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Forex News
November 12016
Australian Dollar Records Limited Gains Despite Supportive Data
Australiaâs dollar started November off with gains against the US dollar as markets speculate that the Reverse Bank of Australia could be moving away from reducing its interest rates any time soon. The nationâs central bank took a decision earlier today to maintain its interest rates without any changes at 1.50%, stating strong conditions in the labor market, improved commodity prices and the stable economic situation in China as the main […]
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November 12016
Dollar Falls as Political Uncertainty Shadows Recent Gains
The US dollar took a negative turn today after an increase in tradersâ demand for gold as a safe haven prior to the presidential elections in the USA, which is due to happen on November 8. Political uncertainty increased in the worldâs biggest economy after the FBI said itâs investigating new emails related to Hillary Clintonâs use of a private server when she was the secretary of state. The statement decreased Hillaryâs lead over Donald Trump to be as small […]
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November 12016
Dollar Falls as Political Uncertainty Shadows Recent Gains
The US dollar took a negative turn today after an increase in tradersâ demand for gold as a safe haven prior to the presidential elections in the USA, which is due to happen on November 8. Political uncertainty increased in the worldâs biggest economy after the FBI said itâs investigating new emails related to Hillary Clintonâs use of a private server when she was the secretary of state. The statement decreased Hillaryâs lead over Donald Trump to be as small […]
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October 312016
Sterling Reduces Its Biggest Monthly Losses Since Brexit
The Great Britain pound recovered from early losses on Monday against the euro and the US dollar to reduce some of the declines it recorded during October. The British currency is heading toward its biggest monthly depreciation since June when voters in the UK chose to leave the European Union. Markets are speculating that the UK government might decide to head for a hard Brexit; a scenario in which the nation would give up its […]
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October 312016
Sterling Reduces Its Biggest Monthly Losses Since Brexit
The Great Britain pound recovered from early losses on Monday against the euro and the US dollar to reduce some of the declines it recorded during October. The British currency is heading toward its biggest monthly depreciation since June when voters in the UK chose to leave the European Union. Markets are speculating that the UK government might decide to head for a hard Brexit; a scenario in which the nation would give up its […]
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October 312016
Dollar Bounces from Friday’s Low, Heads for a Monthly Gain
The US dollar recovered against the euro on Monday as it heads for a monthly gain yet it remained lower than its highest level over the past five days of trading. The dollar had a sudden drop last Friday following reports of a new probe launched by the FBI that is investigating into emails linked to Hillary Clintonâs use of a private server when she was the secretary of state. However the US currency steadied […]
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October 312016
Dollar Bounces from Friday’s Low, Heads for a Monthly Gain
The US dollar recovered against the euro on Monday as it heads for a monthly gain yet it remained lower than its highest level over the past five days of trading. The dollar had a sudden drop last Friday following reports of a new probe launched by the FBI that is investigating into emails linked to Hillary Clintonâs use of a private server when she was the secretary of state. However the US currency steadied […]
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October 292016
Dollar Ends Week Mixed, Struggling to Maintain Upward Momentum
The US dollar ended the week mixed as the currency struggled to maintain its upward momentum amid speculations that the dollar’s rally has run its course. The outlook for an interest rate hike from the Federal Reserve in December continued to support the currency. Yet there were speculations that the event has already been priced in, therefore the greenback should to look for other fundamentals to determine its trend. One of other important events […]
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October 292016
Dollar Ends Week Mixed, Struggling to Maintain Upward Momentum
The US dollar ended the week mixed as the currency struggled to maintain its upward momentum amid speculations that the dollar’s rally has run its course. The outlook for an interest rate hike from the Federal Reserve in December continued to support the currency. Yet there were speculations that the event has already been priced in, therefore the greenback should to look for other fundamentals to determine its trend. One of other important events […]
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October 282016
US Dollar Gets No Boost from US Economic Data
The US dollar traded below the opening level against other most-traded currencies as mixed economic data from the United States provided no boost for the currency that is struggling to maintain its upward momentum. The most important US economic reports should have been gross domestic product data, but it actually did not draw attention from markets despite showing faster-than-expected growth of the US economy. On the other […]
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