Forex News

. Lagarde Sets ECB on Policy Autopilot While It Stops to Think -- Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Apple Podcast, Spotify (NYSE:SPOT) or Pocket Cast.Christine Lagarde’s inaugural move as European Central Bank president could presage the institution’s first hiatus in policy activi

. – The euro remained on the back foot against the dollar on Thursday after the European Central Bank held rates steady and signaled loose monetary policy would continue at least until the end of the year as it reviews measures to revive inflation."It will be a whole host of things," ECB President Christine Lagarde told a press conference on Thursday. "It will ha

. The safe haven Japanese yen gained against the U.S. dollar Thursday on a sharp bout of risk aversion, as battles to contain the new pneumonia-like virus in China intensified, although volatility remained limited.By 03:30 ET (0830 GMT), the yen had climbed 0.2% against the dollar, with USD/JPY trading at 109.56. The Chinese yuan dropped 0.4% against the greenbac

. By Alex Ho The Japanese yen gained on Thursday in Asia gained on Thursday in Asia amid weak export figures and fears about the mysterious virus in China. The EUR/USD pair inched down 0.1% to 1.1082 as traders awaited the European Central Bank (ECB) policy meeting due later in the day. The meeting will be followed bya press conference with President Christine La

By Tom WestbrookSINGAPORE The safe-haven Japanese yen was firm and the Chinese yuan fragile on Thursday as traders kept a wary eye on the spread of a virus in China, while the ailing Australian dollar jumped after a surprise drop in unemployment.Deaths from the flu-like coronavirus, rose to 17 on Wednesday. A total of 571 cases have now been confi

. – The dollar edged higher against its rivals Wednesday, as bullish housing data strengthened expectations that the U.S. economy will remain on solid footing.The U.S. dollar index, which measures the greenback against a trade-weighted basket of six major currencies, rose by 0.06% 97.58.The National Association of Realtors said pending home sales rose 3.6% to a 5

. New EU bank watchdog executive says will resist bank lobbying By Huw JonesLONDON The European Union must resist lobbying pressure from banks to water down pending capital rules, the candidate for executive director of the bloc's banking watchdog told EU lawmakers on Wednesday.Gerry Cross sought to reassure lawmakers at a confirmation hearing in the Euro

LONDON Prime Minister Boris Johnson said on Wednesday he did not expect the European Union to offer Britain worse post-Brexit trade terms than it has offered to other trading partners."I don't think that is going to happen... its massively in our interests, in the interests of both sides of the Channel, to have a wonderful zero-tariff, zero-quota,

. By Geoffrey Smith -- Sterling jumped by over half a percent on Wednesday against both the euro and the dollar after an upbeat survey from the Confederation of British Industry and evidence of the new government rapidly increasing spending further dented the case for an interest rate cut from the Bank of England.By 7:28 AM ET (1228 GMT), GBP/USD was up 0.5% at $1.

-- U.K. Chancellor of the Exchequer Sajid Javid presided over the continued easing of austerity last month as departmental spending rose at its fastest pace for any December since 2003.The 10.5% increase from a year earlier came as the government pumped money into pay rises in the state-run National Health Service. It rose 5% in the first nine mon

. The U.S. dollar edged higher Wednesday as traders took a calmer view of the emergence of the pneumonia-like virus in China, but its gains were minimal and caution was still abundant.At 04:10 ET (0910 GMT), the US Dollar Index Futures, which tracks the greenback against a basket of other currencies, was up 0.1% at 97.42. The yen dropped 0.1% against the dollar,

By Gertrude Chavez-DreyfussNEW YORK Storm clouds are gathering over the U.S. dollar, threatening a two-year rally in the currency that has squeezed corporate profits and angered President Donald Trump.Dollar bullishness in future markets stands at its lowest level in more than a year-and-a-half, according to the most recent data from the Commodity

. By Alex Ho The U.S. dollar and the Chinese yuan were little changed on Wednesday in Asia despite concerns surrounding the coronavirus outbreak in Wuhan. The U.S. dollar index inched up 0.08% to 97.390 by 1:15 AM ET (05:15 GMT). As of Wednesday morning, Chinese authorities confirmed that at least nine people, all in Wuhan, have died after contracting the virus

By Hideyuki SanoTOKYO The yen was supported while the yuan was on the back foot on Wednesday as investors tried to assess the risk of the outbreak of a new coronavirus in China disrupting the country's economy and trade partners.The virus, which causes a type of pneumonia, has spread to cities including Beijing and Shanghai as the number of patien

. By Yasin Ebrahim – The dollar fell slightly Tuesday, pressured by losses against safe-haven currencies as the first case of the deadly Chinese coronavirus was reported in the U.S.The U.S. dollar index, which measures the greenback against a trade-weighted basket of six major currencies, fell by 0.07% 97.49.The U.S. Centers for Disease Control and Prevention ann

. Argentina to Send Debt Bill to Congress Ahead of Talks -- Argentina will send a bill to Congress on Tuesday outlining a plan to address the debt crisis and make payments “sustainable,” Economy Minister Martin Guzman said.South America’s second-largest economy isn’t able to pay its debt under current conditions and will look to either alter matur

. Hungary Offers to Buy Back $1 Billion in Debt to Cut FX Exposure -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Hungary’s government offered to buy back $1 billion in dollar-denominated bonds, the latest effort to reduce foreign-currency risk and exposure to investors abroad.The tender offer relates to

By Sujata Rao and Ritvik CarvalhoLONDON The swift repricing of short-dated UK interest rate futures has sent bond yields plunging but barely moved sterling, which is still holding out hopes of a post-election, post-Brexit inward investment bounce that will lift the pound in time.On Jan. 9, money markets saw just a 20% chance of an interest rate cu

. By Peter Nurse Sterling climbed Tuesday after strong employment data painted a healthier picture of the U.K. economy just as the Bank of England prepares to debate a possible interest rate cut.At 5:10 AM ET (1010 GMT), GBP/USD traded at $1.3047, up 0.3%, while EUR/GBP stood at 0.8507, down 0.2%.Official data published on Tuesday showed the number of people in

. The Japanese yen is in demand Tuesday as a safe haven currency with the outbreak of the pneumonia-like virus in China sparking a bout of risk aversion. At 03:30 ET (0830 GMT), the yen climbed 0.2% against the dollar, with USD/JPY trading at 109.97. The Chinese yuan was hit, dropping 0.6% against the greenback, with USD/CNY trading at 6.9072. Elsewhere, EUR/USD

. By Alex Ho The Chinese yuan slid on Tuesday in Asia as authorities confirmed a new virus can be passed form person-to-person. The USD/JPY pair lost 0.2% to 109.96 as Asian markets traded lower. The Bank of Japan (BOJ) kept rates unchanged, but took a brighter view of the economy The BOJ raised its growth projections for the first time in a year. The central ba

. South Korean won, Chinese yuan and Japanese yen notes are seen on U.S. 100 dollar notes in this picture illustration taken in Seoul By Stanley White TOKYO The yen pulled ahead and the yuan fell against the dollar on Tuesday as the spread of a pneumonia-like virus in China sparked a sudden bout of risk aversion and sent Asian stocks skidding.

. Illustration photo of a Japan Yen note By Stanley White TOKYO The yen pulled ahead and the yuan fell against the dollar on Tuesday as the spread of a pneumonia-like virus in China sparked a sudden bout of risk aversion and sent Asian stocks skidding. The yuan slipped against U.S. currency in onshore and offshore trade after a Chinese health expert said

By Stanley WhiteTOKYO The yen traded near an eight-month low versus the dollar on Tuesday, while the euro held steady as investors awaited meetings of the Bank of Japan and European Central Bank amid a slightly improving backdrop for global growth.The BOJ is first off the block with its two-day meeting ending later in the day. The central bank is

. SNB Resisted Major Interventions as Franc Strengthened -- Sign up here to receive the Davos Diary, a special daily newsletter that will run from Jan. 20-24.The Swiss National Bank appears to have resisted taking dramatic action in the past week to curb the franc’s appreciation to the strongest in almost three years.Sight deposits at the SNB, consider