EUR/USD ⬇️ GBP/USD ⬇️ AUD/USD ⬇️ USD/CAD ⬆️ XAU ⬆️ WTI ⬇️ Despite a brief rally, major currencies like the Euro and British Pound returned their gains against the US dollar. EUR/USD reached a daily high at 1.0933, before slumping to 1.0883. As the first round of French Presidential concluded with a minor lead for the current French leader March, further...
Today's forex news: US to shrink balance sheet, strengthens the US dollar EUR/USD ⬇️ GBP/USD ⬇️ AUD/USD ⬇️ USD/CAD ⬆️ XAU ⬇️ WTI ⬇️ As the Federal Reserve (The Fed) Governor Brainard said yesterday (5 April) the US has to continue its effort to slow down inflation and shrink its balance sheet, the US dollar has strengthened against other major currencies,...
EUR/USD ⬇️ USD/JPY ⬆️ GBP/USD ⬇️ USD/CAD ⬆️ AUD/USD ⬆️ NZD/USD ⬇️ XAU ⬇️ WTI ⬇️ The euro fell as investors fretted about rising economic tensions between the EU and Russia following Russian President Vladimir Putin's reiteration of a demand that European nations pay for Russian gas in roubles, exacerbating fears that Russia could stymie energy exports to the...
EUR/USD ⬆️ USD/JPY ⬆️ USD/CHF ⬇️ USD/CAD ⬆️ AUD/USD ⬇️ NZD/USD ⬇️ GBP/USD ⬆️ XAU ⬇️ WTI ⬇️ The dominant story in the foreign exchange markets has been the US dollar's persistent drop, as the DXY plummeted another 0.6 percent to the 97.80s, where it is now testing mid-March lows more than 1.5 percent below weekly highs. Wednesday's US data releases (ADP...
EUR/USD ⬆️ GBP/USD ⬆️ AUD/USD ⬆️ USD/CAD ⬇️ USD/JPY ⬇️ XAU ⬆️ WTI ⬆️ The dollar fell along with other safe-haven assets as renewed prospects for a diplomatic resolution to the Russia-Ukraine conflict gained traction. Risk appetite increased following reports indicating a de-escalation of Russian attacks near Kyiv and Chernihiv, as Russia's mediator Vladimir...
Today's Forex News: Expect optimism to fade EUR/USD ⬆️ GBP/USD ⬆️ AUD/USD ⬆️ USD/CAD ⬇️ USD/JPY ⬆️ XAU ⬆️ WTI ⬇️ USD/JPY reached a new multi-year high of 122.40.The US dollar finished mostly lower today. The EUR/USD pair continues to struggle with the 1.1000 level, failing to extend advances above it. The GBP/USD exchange rate has stabilized around 1.3180,...
EUR/USD ⬆️ GBP/USD ⬆️ AUD/USD ⬆️ USD/CAD ⬇️ XAU ⬆️ WTI ⬆️ The Bank of England has joined the Federal Reserve in increasing its interest rate to 7.5%, in order to slow down domestic inflation, which has been aggravated by rising energy prices due to Russian invasion in Ukraine. Such a decision has extended the dollar’s fall against major currencies: GBP/USD...
Today's forex news: US Dollar Falls after Hawkish Fed Announcement EUR/USD ⬆️ GBP/USD ⬆️ AUD/USD ⬆️ USD/CAD ⬇️ USD/JPY ⬆️ XAU ⬆️ WTI ⬇️ On Wednesday, the U.S. Federal Reserve raised interest rates to 2.5%, also preparing further measures to contain inflation. However, the hawkish attitude was not thorough enough to strengthen the dollar against most major...
EUR/USD⬆️ GBP/USD⬆️ AUD/USD⬆️ USD/CAD⬇️ XAU⬇️ WTI⬇️ The dollar had a rough start to the day, but it was able to regain ground throughout US trading hours. The EUR/USD pair is currently trading at 1.0940, while the GBP/USD pair is trading at 1.3035. Kyiv, according to President Vladimir Putin, is not serious about finding a solution that is acceptable to both...
EUR/USD⬆️ GBP/USD⬆️ AUD/USD⬇️ USD/CAD⬆️ XAU⬇️ WTI⬇️ Market players tried to be optimistic about a diplomatic solution to the Russia-Ukraine conflict but were unable to do so. The optimistic feeling waned during the day, with Wall Street closing in the red following a high opening. According to Ukraine's negotiator Mikhail Podolyak, the latest round of peace...
EUR/USD⬆️ GBP/USD⬆️ AUD/USD⬇️ USD/CAD⬆️ XAU⬇️ WTI⬇️ A very active day concluded with the American Dollar trading mixed across the foreign exchange market. USD gained ground against Euro rivals and the JPY but fell against commodity-linked currencies. EUR/USD is below 1.1000, while GBP/USD is barely above 1.3100. The AUD/USD currency pair is trading near a...
Today's forex news: Market sentiment supports optimism EUR/USD⬇️ GBP/USD⬇️ AUD/USD⬇️ USD/CAD⬆️ XAU⬇️ WTI⬇️ The US dollar and commodity prices fell substantially on Wednesday on renewed optimism about resolving the Ukraine-Russia dispute. Ukraine's President Volodymyr Zelenskyy stated that his country is prepared for a diplomatic solution and is willing to make...
EUR/USD⬆️ GBP/USD⬆️ AUD/USD⬇️ USD/CAD⬇️ XAU⬆️ WTI⬆️ As earlier in the day, the market sentiment improved somewhat. Ukraine verified the establishment of the first humanitarian corridor, which facilitated the evacuation of Sumy and Mariupol residents. According to the UN, the overall number of refugees has surpassed two million. The mood improved considerably...
Today's forex news: Markets are optimistic, pushing high-yield assets higher EUR/USD⬇️ GBP/USD⬇️ AUD/USD⬇️ USD/CAD⬆️ XAU⬆️ WTI⬆️ On Thursday, risk continued to take the lead amid Eastern Europe's ongoing war issue. While the Russian stock market remains closed, shares of European corporations with exposure to Russia have plummeted. Meanwhile, the government is...
Today's Forex News: Russia’s attack fuels safe-haven assets, commodities EUR/USD⬆️ GBP/USD⬆️ AUD/USD⬆️ USD/CAD⬇️ XAU⬆️ WTI⬆️ Eastern Europe's economic development continues to set the pace for financial markets. Mid-European morning, safe-haven assets rose as Russia intensified its airstrikes on Ukraine, with President Vladimir Putin declaring that the invasion...
Today's forex news: Despite peace talks, Russia escalates war EUR/USD⬆️ GBP/USD⬆️ AUD/USD⬆️ USD/CAD⬇️ XAU⬆️ WTI⬆️ Market sentiment remained largely risk-related. An escalating war between Russia and Ukraine prompted safe-haven assets to gap higher at the weekly opening. The sentiment temporarily improved during the early session in the US. However, no...
EUR/USD⬆️ GBP/USD⬆️ USD/CAD⬇️ AUD/USD⬆️ USD/CHF⬇️ USD/JPY⬇️ XAU⬇️ WTI⬇️ Short-lived optimism ruled financial markets during London trading hours, as Ukrainian President Volodymyr Zelenskyy said that he believes there would not be war nor a wider escalation. However, European and American authorities have anticipated sanctions on Russia. The positive sentiment...
Today's forex news: Russia terminates diplomatic discussions, boosting the dollar. EUR/USD⬇️ GBP/USD⬇️ AUD/USD⬆️ USD/CAD⬇️ XAU⬆️ WTI⬆️ Risk aversion dominated financial markets, owing to growing geopolitical tensions in Eastern Europe. The greenback gained strength against high-yielding counterparts but lost ground against safe-haven counterparts. ...