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Forex News

UK Posts Another Quarter Of Growth

The U.S. dollar weakened and headed for the biggest monthly slump in almost five months against the majority of its counterparts as money market investors are uncertain about the future of the U.S. economy and wonder what the Federal Reserve will do next

Forex and Dow Jones Recommended Levels

EUR/USD Today's support: - 1.3656 and 1.3633(main), where correction is possible. Break would give 1.3615, where correction also may be. Then follows 1.3592. Break of the latter would result in 1.3669. If a strong impulse, we would see 1.3555 and 1.3540.

FOREX-Dollar near 2-week high as geopolitical tensions heat up

SYDNEY/SINGAPORE, Feb 27 (Reuters) - The U.S. dollar held near a two-week high against a basket of major currencies on Thursday, as heightening tensions in Ukraine helped support safe-haven demand for the greenback. The dollar index was steady at 80.405,

Shanghai Zone to Lift Foreign-Exchange Rate Deposit Cap

China’s central bank will remove a cap on foreign-currency deposit rates in Shanghai’s free-trade zone from March 1 in its latest effort to speed up interest-rate deregulation. The ceiling will be lifted for deposits of less than $3 million inside the

China's currency drops most in two years

The onshore renminbi has staged its biggest one-day drop in over two years, leading analysts to guess that the central bank, which carefully manages the currency's moves, is experimenting with introducing some volatility. The renminbi is traded onshore

Euro May Look Past German IFO Survey, Focus on Inflation Data

Germany’s IFO Survey of business confidence headlines the economic in European trading hours. The headline Business Climate index is expected to tick gently lower to 110.5 in February compared with 110.6 in the prior month, snapping a three-month

USD/JPY fluctuates during Asian trading

USD/JPY fluctuated between small gains and losses during Asian morning trade on Monday after hitting three week high on Friday despite weaker-than-expected data on existing U.S. home sales. In China, the National Bureau of Statistics will release

ForexLive Asia Wrap: Catch-up on the G20 weekend & China property

Forex trading headlines for Asia Monday 24 February 2014 Weekend: Moody’s upgrades Spain Government bond rating to Baa2 (from Baa3), assigns positive outlook Survey shows economists expect Bank of Japan to ease policy further by summer BOJ: Kuroda Warns

HKMA injects $1.55b to defend peg

The Hong Kong Monetary Authority injected HK$1.55 billion into the money market after the Hong Kong dollar hit the top of its trading band. The HKMA has been forced to intervene to keep the trading band intact since Wednesday as inflows of funds into the

Banks struggle to fill staff gaps in FX rigging row

A void is appearing in the upper reaches of the world's biggest and most powerful financial market as banks struggle to replace currency traders suspended or fired during a global investigation into allegations of foreign exchange rate-rigging.

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