Currency News

Forex Market: GBP/USD rebounds from recent two-week lows, heads for a small monthly gain

Following two straight trading days of losses, GBP/USD edged up during mid-European trade on Friday and looked set for a monthly gain. Still, however, moves were limited due to lack of new headlines concerning Brexit trade deal talks. EU-UK negotiations were resumed this week, with fisheries and rules governing state subsidies remaining the two critical […] Read more

Forex Market: AUD/USD maintains gains as CPI inflation data adds to RBA policy easing prospects in support of economy

AUD/USD remained mostly steady in early European session on Wednesday, while being not far from last Friday’s one-week high of 0.7158, after an official report showed Australian consumer price inflation had come in slightly better than expectations. Consumer prices went up 0.7% year-on-year during the third quarter, while matching a consensus of estimates, following a […] Read more

Forex Market: NZD/USD trades near one-month highs as Asian macro data outweighs COVID-19 concerns

NZD/USD rose on Tuesday and was on track to retest last Friday’s one-month high of 0.6705, as upbeat Asian macro data offset concerns over a second wave of the COVID-19 disease across the United States and Europe. Profits in China’s industrial sector surged for a fifth consecutive month in September, while South Korea returned to […] Read more

Forex Market: AUD/USD eases from one-week highs as investors trim risk bets

Having touched a one-week high last Friday, AUD/USD eased on Monday, as a combination of factors, including a potentially disputed US presidential election, faint prospects of a coronavirus aid bill prior to the vote and accelerating virus spread across the globe, fueled investor risk aversion, supporting the US Dollar. Markets remained in a risk-off mode, […] Read more

Forex Market: GBP/USD heads for best week since early October as Brexit trade negotiations heat up

GBP/USD was trading slightly higher in mid-European session on Friday and was set to register its best weekly performance since the business week ended October 2nd, as negotiators from Britain and the European Union began intense talks aimed to achieve a last-minute Brexit trade agreement. On Wednesday GBP/USD surged by more than 1.5%, while marking […] Read more

Forex Market: NZD/USD holds gains as markets await more clues over progress on US fiscal stimulus

NZD/USD was holding gains achieved a day ago on Thursday, as US fiscal stimulus negotiations continued to occupy market focus, while investors were looking for more clarity over progress made on the potential size of the coronavirus relief package. Yesterday investor risk sentiment received a boost, while the US Dollar retreated to lows unseen since […] Read more

Forex Market: AUD/USD attempts rebound from a three-week low lifted by US coronavirus aid bill hopes

Having slipped to a three-week low on Tuesday after the release of the RBA Minutes, AUD/USD was attempting a rebound on Wednesday as investor risk sentiment received a boost due to pre-election US coronavirus aid deal optimism. Reports emerged stating that the White House and Democrats have taken a step closer to an agreement on […] Read more

Forex Market: NZD/USD hits a two-week low as broad risk sentiment cools ahead of US stimulus deal deadline

New Zealand Dollar retreated along with its Australian counterpart on Tuesday, while hitting a two-week low against the greenback, as investor risk sentiment cooled ahead of a Tuesday deadline for a deal on a US coronavirus relief package. At the same time, the minutes from the Reserve Bank of Australia’s latest policy meeting showed board […] Read more

Forex Market: AUD/USD rebounds, drawing support from extended recovery in China’s economy in Q3

After retreating more than 2% last week, AUD/USD began the new week on a stronger footing, supported by macro data showing China’s rebound from the coronavirus pandemic remained on track during the third quarter. China’s economy grew at an annualized rate of 4.9% in Q3, which fell short of market expectations of a 5.2% growth, […] Read more

Forex Market: GBP/USD set for weekly loss, markets await UK’s approach to Brexit negotiations

GBP/USD was attempting a rebound on Friday following Thursday’s retreat, as market players were expecting British Prime Minister Boris Johnson’s approach to Brexit negotiations later in the day. Previously, Johnson had set October 15th as a deadline after which Britain would leave the negotiations table in case a deal had not been secured. “There are […] Read more