Currency News

Forex Market: GBP/USD hits a one-week high on investor optimism a messy Brexit could be avoided

GBP/USD hit a fresh one-week high during late European session on Monday, supported by investor optimism that the UK could strike a post-Brexit trade deal with the EU by next month, or at least avoid a messy departure from the political and economic union. Both sides need to come to an agreement until the end […] Read more

Forex Market: NZD/USD rebounds from one-month lows, but still set for biggest weekly loss since mid-May

NZD/USD rebounded from Thursday’s one-month low on Friday, as the US Dollar eased from a two-month peak against peers, but still, market players were not convinced if the greenback’s upward move had been exhausted due to uncertainty surrounding US fiscal stimulus. “I personally think the dollar’s rise and risk-off trade could continue. The U.S. news […] Read more

Forex Market: AUD/USD registers a fresh two-month low on rate cut prospects, waning risk sentiment

AUD/USD retreated for a fifth straight trading day on Thursday, as it hit a fresh two-month low in late Asian session, pressured by prospects of further monetary policy easing in Australia, while investor risk appetite waned due to slowing business activity in the US in September and surging new COVID-19 infections in Europe. “Risk is […] Read more

Forex Market: NZD/USD hits a fresh one-month low as US Dollar continues grinding higher, RBNZ hints at negative rates next year

NZD/USD continued to edge lower on Wednesday, while touching a fresh one-month low, as the US Dollar strengthened to a two-month high against major peers, while the Reserve Bank of New Zealand kept monetary policy unchanged, but indicated that interest rates might be taken below zero next year. The RBNZ kept the official cash rate […] Read more

Forex Market: AUD/USD hits a one-month low on stronger US Dollar, RBA’s Debelle lists Forex intervention, negative rates as policy options

AUD/USD extended losses from the prior trading day and touched a fresh one-month low on Tuesday, as the US Dollar remained firm near a six-week high, while Reserve Bank of Australia Deputy Governor Guy Debelle listed several policy options, including currency market intervention and negative interest rates, which the RBA was considering to achieve its […] Read more

Forex Market: GBP/USD hits a one-week low as coronavirus resurgence in Britain adds to prospects of a second national lockdown

GBP/USD extended last Friday’s losses on Monday, while touching a one-week low, as a spike in new confirmed coronavirus cases in Britain urged authorities to consider another round of lockdown restrictions. New infections in the country have risen at a daily rate of at least 6,000, while hospital admissions have doubled every eight days. “Increasingly […] Read more

Forex Market: NZD/USD hits a 17 1/2-month high, pair looks set for first gain in three weeks

NZD/USD extended gains from the previous five trading days and hit a fresh 17 1/2-month high on Friday as a less steep than expected contraction in New Zealand’s Gross Domestic Product in Q2 added to expectations that the Reserve Bank of New Zealand might adopt a wait-and-see approach at its upcoming policy meeting on September […] Read more

Forex Market: AUD/USD eases from two-week highs despite upbeat Australian employment data as Fed’s outlook boosts US Dollar

AUD/USD fell from a two-week high on Thursday, while snapping a four-day streak of gains, after Federal Reserve Chair Jerome Powell’s remarks on economic outlook bolstered US bond yields and unleashed a wave of US Dollar buying. The Fed kept the target range for the federal funds rate intact at 0%-0.25% at its policy meeting […] Read more

Forex Market: NZD/USD trades near two-week highs ahead of Fed’s policy decision, New Zealand reports largest current account surplus ever

NZD/USD extended gains from the previous trading day and remained close to two-week highs during early European session on Wednesday, as market players awaited the outcome from the Federal Reserve’s first policy meeting since it adopted a more accommodative approach to inflation, while New Zealand registered the largest current account surplus on record. Last month […] Read more

Forex Market: AUD/USD hits a two-week high as risk sentiment improves, RBA Minutes reveal no indication of further rate cuts

AUD/USD extended gains from the prior trading day and touched highs not seen in almost two weeks on Tuesday, after the Minutes from Reserve Bank of Australia’s policy meeting in September provided no indication of further cuts in record low interest rates. RBA policy makers reaffirmed that the yield target for Australia’s 3-year government bonds […] Read more