Forex News

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Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the Asian session on Friday.

The yen rose to a 1-1/2-month high of 127.99 against the euro and nearly a 2-month high of 140.61 against the pound, from yesterday’s closing quotes of 128….

Prime News: Treasury Yields Retreat on Disappointing Data, Political Woes

Treasury yields declined, driving up yields on Thursday after a lackluster reading for industrial output and news that economic adviser Gary Cohn could leave President Donald Trump’s administration aided in drawing modest demand for U.S. government bon…

Swiss Franc Advances Against Majors

Reversing direction, the Swiss franc climbed against its major rivals in early European deals on Thursday.

The franc rose back to 1.2432 against the pound, compared to Wednesday’s closing value of 1.2447.

The franc hit a 6-day high of 1.1342 agains…

U.S. Dollar Weakens As Fed Minutes Cast Rate Hike Worries

The U.S. dollar slipped against its major opponents in the Asian session on Thursday, as minutes from the Fed’s July meeting showed that officials were more worried about inflation, with the members divided over the timing of a future interest rate h…

South Africa Retail Sales Rise More Than Forecast

South Africa’s retail sales grew for the fourth straight month in June, and at a faster-than-expected pace, figures from Statistics South Africa showed Wednesday.

Retail sales advanced 2.9 percent year-over-year in June, faster than the 1.6 percent …

Euro Drops As ECB Tapering Hopes Wane

The euro declined against its major opponents in the European session on Wednesday, after a media report showed that the European Central Bank President Mario Draghi is unlikely to hint at any shift in its monetary policy stance at the Jackson Hole s…

EUR/USD to Resume its Rally

The EUR/USD was heavily influenced by geopolitical news last week, specifically President Donald Trump and his battles with North Korea. This week we have a string of data to contend with and we should expect to see a degree of retracement with many of the safe-haven currencies. Longer term we’re still bullish on the Euro and will continue to trade it accordingly. Read More on