Forex News Category

The Steady U.S. Bond Yields Drive Dollar to its Lowest   The Dollar dropped on Monday morning in Asia as the riskier currencies including the Australian dollar recovered the loss against U.S. Dollar as the result of the previous week’s aggressive selloff in global bonds. After the Asian trade starts on Monday the U.S. currency,

The Dollar Elevated as Spike in U.S. Treasury Yields   The USD/JPY pair slightly down 0.1% to 106.20. The AUD/USD inched down 0.17% to 0.7859. The NZD/USD pair inched down 0.43% to 0.7340. The USD/CNY pair was slightly up 0.28% to 6.4720. The GBP/USD pair was inched down 0.42% to 1.3954.   The U.S. Dollar

Dollar Downtrend Continues after Powell’s Peaceful Statement   The Dollar dropped on Thursday near a three-year low against the Australian dollar and Canadian dollar after Federal Reserve Chairman Jerome Powell continued his semi-annual testimony to Congress on Wednesday restated the statement that the central bank will not tighten the policy until the U.S economy improves,

Pound Outshines against Euro Since 2015   The British pound hold on to its winning situation in 5 and half years after the Telegraph published the report stating the fastest exit from lockdown as U.K vaccination rollout seems to be better than expected. The euro fell to 0.8% to 85.41 pence tumbling to the ninth

GBP/USD prevails limited in a range, moves little post-UK jobs data GBP/USD was seen consolidating its recent strong profits to the highest level in three years. Better-than-expected UK jobs data did little to provide any impulsion in the middle of overbought RSI. The prevailing USD gets rid of bias plans to soothe lockdown in the