Forex News

. U.S. one hundred dollar notes are seen in this picture illustration LONDON The dollar index fell to its lowest since early January on Thursday and dropped to three-year lows against the Australian and Canadian dollars, after dovish signals from the U.S. Federal Reserve boosted the reflation trade in currency markets. Easy financial condition

. By Peter The dollar weakened in early European trading Thursday, falling to near three-year lows against a number of riskier currencies after Federal Reserve Chairman Jerome Powell stated the central bank’s easy policy stance was here to stay.At 3:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, was d

. U.S. one hundred dollar notes are seen in this picture illustration By Kevin Buckland TOKYO The safe-haven U.S. dollar languished near three-year lows versus riskier currencies on Thursday as continued dovish signals from the Federal Reserve stoked reflation bets. The greenback sank to fresh lows against the Australian and Canadian dollars,

. U.S. one hundred dollar notes are seen in this picture illustration By Kevin Buckland TOKYO The safe-haven U.S. dollar languished near three-year lows versus riskier currencies on Thursday as continued dovish signals from the Federal Reserve stoked reflation bets. The greenback sank to a fresh low against the Australian dollar, and held near

.  By Gina – The dollar was up on Thursday morning in Asia, but kept near three-year lows, as the U.S. Federal Reserve continued a dovish stance that stoked reflation fears.The U.S. Dollar Index that tracks the greenback against a basket of other currencies inched down 0.07% to 90.095 by 9:24 PM ET (2:24 AM GMT). The U.S. currency also fell to a fresh low agains

. Fed's Powell is pictured preparing to speak before a House committee in December Federal Reserve Chair Jerome Powell on Wednesday said some form of congressional authorization may be needed for the central bank to proceed with any development and roll-out of a digital version of the U.S. dollar. The Fed expects this year to be an important o

. Pound Extends Longest Winning Streak Against Euro Since 2015 -- Sterling’s vaccine-fueled rally against the euro is beginning to look relentless.The pound extended its longest winning streak in five-and-a-half years after the Telegraph reported the U.K.’s exit from lockdown could be accelerated if data on the effect of vaccines proves better than ex

. By Peter The dollar drifted lower in early European trading Wednesday, with traders betting on riskier currencies after Federal Reserve Chairman Jerome Powell kept a dovish stance in his semi-annual testimony to Congress.At 3:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, was down 0.1% at 90.058.EUR/U

. By Gina – The dollar was down on Wednesday morning in Asia, sliding to a three-year low against the GBP and recording losses against commodities currencies, as increased bets that the global economic recovery from COVID-19 whet investors’ risk appetite.The U.S. Dollar Index that tracks the greenback against a basket of other currencies edged down 0.10% to 90.

. Why the RBA Really Doesn’t Appreciate an 80-Cent Aussie Dollar -- The Reserve Bank of Australia would really prefer if its currency didn’t trade above 80 U.S. cents, eroding the competitiveness of its exports sector just as the economy is trying to recover from the pandemic.Since its float in December 1983, the Australian dollar has averaged 75.90 c

. U.S. one hundred dollar notes are seen in this picture illustration By Stanley White TOKYO The dollar slipped to a three-year low against the British pound and nursed losses against commodities currencies on Wednesday as investors increased bets that a global economic recovery will boost riskier assets. The New Zealand dollar was in focus be

. By Yasin – The pound rallied to a nearly three-year high on positive labor market news and ongoing hopes for a vaccine-fueled recovery as the U.K. sets its sights on reopening over the next few months, but another sharp increase in the currency could trigger the Bank of England to rein in the high-flying currency.GBP/USD rose 0.34% to $1.4110 to its highest lev

. By Peter The dollar was largely unchanged in early European trading Tuesday, after earlier falling to a near six-week low ahead of Federal Reserve Chairman Jerome Powell’s semi-annual testimony to Congress.At 3:55 AM ET (0755 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was up 0.01% at 90.002.EUR/USD rose 0.2% t

. By Gina – The dollar was down on Tuesday morning in Asia, dropping to a near six-week low as investors await U.S. Federal Reserve chairman Jerome Powell’s potential response to rising inflation worries.The U.S. Dollar Index that tracks the greenback against a basket of other currencies edged down 0.14% to 89.957 by 9:30 PM ET (2:30 AM GMT).The USD/JPY pair in

. A merchant counts Turkish lira banknotes at the Grand Bazaar in Istanbul, Turkey ISTANBUL Turkey's lira slipped 1% on Monday, paring some gains after a four-month rally as rising U.S. bond yields gave the dollar a boost and as the finance minister defended his predecessor's policies that oversaw a sharp decline in FX reserves. Data painted

. A U.S. Dollar banknote By Julien Ponthus LONDON The U.S. dollar pared losses in early European trading after hitting multi-year lows against sterling and the Australian and New Zealand currencies as vaccine progress, expectations for faster economic growth and inflation sent bond yields higher. Yields on 10-year U.S. and German government bonds hit one

. By Peter The dollar edged higher in early European trading Monday, rebounding to a degree after earlier falling to multi-year lows against a number of currencies as vaccine progress prompted optimism on a prompt global economic recovery.At 3:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, was up 0.1% a

. A U.S. Dollar banknote By Stanley White and Tom Westbrook TOKYO/SINGAPORE The U.S. dollar was sold to multi-year lows against sterling and the Australian and New Zealand currencies on Monday, as investors cheered vaccine progress and wagered on the pandemic recovery bringing a global trade boom and an export windfall. The British pound hit $1.4043, its

. By Gina – The dollar was down on Monday morning in Asia, falling to a three-year low against the AUD and a three-year low against the GBP as continued progress on curbing the COVID-19 virus boosted risk sentiment.The U.S. Dollar Index that tracks the greenback against a basket of other currencies inched down 0.02% to 90.323 by 9:14 PM ET (2:14 AM GMT).The USD/J

. A U.S. Dollar banknote By Stanley White TOKYO The U.S. dollar fell to a three-year low against its Australian counterpart and teetered near three-year low against the British pound as progress in curbing coronavirus infections boosted sentiment for riskier assets. The greenback also slipped toward a three-year low against the New Zealand dollar as trade

2/2Reuters. A representation of virtual currency Ethereum are seen in front of a stock graph in this illustration 2/2 SINGAPORE Bitcoin hit a fresh high in Asian trading on Saturday, extending a two-month rally that saw its market capitalisation cross $1 trillion a day earlier. The world's most popular cryptocurrency rose to an record

. BOE’s Vlieghe Gives Strongest Backing Yet for Negative Rates -- Bank of England policy maker Gertjan Vlieghe gave his strongest backing yet for the use of negative interest rates if the U.K. needs more stimulus, highlighting a growing schism between officials on the institution’s toolkit.Two days after Deputy Governor Dave Ramsden said the BOE had s

. By Peter The dollar edged lower in early European trading Friday, after disappointing labor market data diluted optimism over a quick U.S. economic recovery. Sterling remained strong despite weak retail sales numbers for January.At 3:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, was down 0.1% at 90.4

. A picture illustration shows U.S. 100 dollar bank notes By Kevin Buckland TOKYO The U.S. dollar paused on Friday after its biggest loss in 10 days as disappointing U.S. labour market data bruised optimism for a speedy recovery from the COVID-19 pandemic. The greenback continued to buck its traditional role as a safe-harbour currency, falling

. By Gina – The dollar was up on Friday morning in Asia, clawing back some losses. The U.S. currency saw its biggest losses in ten days after disappointing U.S. labor data finally dented recent optimism for the country’s quick economic recovery from COVID-19.The U.S. Dollar Index that tracks the greenback against a basket of other currencies inched up 0.09% to