Forex News

Key information updates for profitable trading

Greenback surges against other majors
Greenback surges against other majors

On Monday, the greenback was broadly higher versus other key rivals notwithstanding Friday's dismal American inflation data because political woes in Europe put pressure on the single currency…

Greenback dips ahead of US inflation data
Greenback dips ahead of US inflation data

The US currency slumped because US Treasury yields kept to recent minimums, waiting for American inflation data for a potential spur following this week's dip from 10-week maximums…

Economy bets back common currency for a fifth day
Economy bets back common currency for a fifth day

On Thursday, the common currency ascended to a two-week maximum after a bunch of strong reports that underpinned a growing view that the ECB will roll out a plan to wind down its enormous stimulus plan at a policy gathering later this month…

China gives birth to yuan-ruble payment system
China gives birth to yuan-ruble payment system

China has already rolled out a payment versus payment (PVP) system for Russian ruble and Chinese yuan transactions for the purpose of reducing risks and improving the overall efficiency of its foreign exchange transactions…

Evergreen buck slides in Asia after Fed
Evergreen buck slides in Asia after Fed

On Thursday, the US currency went down in Asia because minutes from the major US bank showed some uncertainty as for a December rate lift among some FOMC officials, although the overall view appeared to be still intact for the hike…

Catalonia relief pushes euro to two-week maximum
Catalonia relief pushes euro to two-week maximum

On Wednesday, the common currency soared to a two-week maximum versus a broadly weaker greenback on relief that Catalonia just formally declared its independence from Spain without making further steps…

Aussie and Kiwi grow in late trade
Aussie and Kiwi grow in late trade

On Wednesday, the Australian and New Zealand dollars ascended versus their US rival because doubts over a potential American tax overhaul before the end of 2017 put pressure on the US currency…

Greenback fluctuates amid doubts over Trump's tax initiative
Greenback fluctuates amid doubts over Trump's tax initiative

On Wednesday, rumors that President Donald Trump's tax overhaul initiative would stall kept the greenback below a recent 10-week maximum versus key currencies, and the common currency stuck to a 12-day maximum because political tensions over Catalonia…

Euro reaches one-week maximum on hawkish comments
Euro reaches one-week maximum on hawkish comments

On Tuesday, the common currency demonstrated a one-week maximum because market participants added trading positions on a hawkish overnight statement by a policymaker, which reaffirmed bets the euro zone economy's outlook is still firm enough…

Aussie soars on NAB surveys
Aussie soars on NAB surveys

On Tuesday, the Australian dollar was boosted by closely-watched business polls, while the Japanese yen held revenues after better-than-expected current account data…

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