Forex News

On Friday, Bank of America (BofA) revised its forecast for the EURUSD currency pair, now expecting it to reach 1.12 by the end of the year, down from the previously anticipated...

Investing.com - The U.S. dollar handed back early gains Wednesday in volatile action, as traders digested the reported Israeli strikes against Iranian sites and the impact on risk...

UBS revised its outlook on the EUR/USD currency pair, citing increased downside risks that could push the euro below the 1.05 level against the US dollar. The change in perspective...

UBS forecasted an upside risk to the USD/CNY exchange rate in the near term. The bank's analysts predict that the People's Bank of China (PBoC) may soon adjust the daily USD/CNY...

On Friday, UBS expressed a conservative outlook on the potential for the U.S. dollar to strengthen against the Canadian dollar, despite recent gains. The financial services firm...

Investing.com-- Most Asian currencies weakened on Friday, while the dollar and the Japanese yen were buoyed by safe haven demand after multiple reports said that Israel had carried...

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The dollar rose on Thursday as a mixed batch of U.S. data did little to shake views that the economy is still on solid ground,...

By Dhara Ranasinghe LONDON (Reuters) -The U.S. dollar's dominant reserve currency status is likely to endure partly because even the most talked about alternative the Chinese yuan...

On Thursday, UBS released a report presenting a less extreme valuation of the US dollar compared to simple Purchasing Power Parity (PPP) models. The firm's preferred valuation...

Investing.com - The U.S. dollar edged lower in early European trade Wednesday, retreating from recent highs as traders contemplated the possibility of coordinated official...

By Sameer Manekar (Reuters) - Bearish positions on most Asian currencies firmed, a Reuters poll showed on Thursday, intensifying steadily from the start of the year as repricing...

By Jamie McGeever ORLANDO, Florida (Reuters) -Asian countries probably don't want it and they certainly didn't cause it, but a 'beggar thy neighbor' wave of exchange rate...

Investing.com-- Most Asian currencies crept higher on Thursday, seeing some breathing room as the dollar retreated from an over five-month peak, although fears of higher-for-longer...

By Leika Kihara WASHINGTON (Reuters) - Japan and the United States agreed to closely communicate on currency markets, Japanese Finance Minister Shunichi Suzuki said on Wednesday...

By Herbert Lash and Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The dollar on Wednesday fell for the first time in six days, as investors consolidated gains after Federal Reserve...

Investing.com - The dollar has risen to levels against the euro not seen since November last year. Some analysts think still further gains are on the card, with the potential for...

(Corrects to delete quote in paragraph 6 following post publication review) SHANGHAI (Reuters) -Chinese businesses are hoarding dollars because they expect their own currency to...

On Wednesday, financial institution ING provided insights into the New Zealand Dollar's (NZD) potential trajectory following the country's latest consumer price index (CPI) data....

Investing.com - The U.S. dollar drifted lower in early European trade Wednesday, dropping from recent highs, while sterling rose in the wake of the U.K. inflation rate slowing by...

On Wednesday, ING, a prominent financial institution, revised its forecast for the US dollar, citing persistent inflation in the United States as a key factor driving a broad...

On Wednesday, UBS adjusted its foreign exchange forecasts for the year 2024, indicating a stronger outlook for the U.S. dollar against several major currencies. The bank has...

By Rae Wee and Stefanno Sulaiman SINGAPORE/JAKARTA (Reuters) - Indonesia's economy was primed for monetary easing later this year, but an unwelcome plunge in its currency is...

Investing.com-- Most Asian currencies kept to a tight range on Wednesday, while the dollar steadied near five-month peaks after strong U.S. economic data and warnings from the...

By Karen Brettell NEW YORK (Reuters) -The dollar reached a five-month high against the euro on Tuesday after Federal Reserve Chair Jerome Powell said the U.S. central bank may...

By Anna Pruchnicka LONDON (Reuters) -Sterling stayed at a five-month low versus the dollar on Tuesday, after data showed Britain's unemployment rate rose by more-than-expected. ...

Investing.com - The U.S. dollar remained in demand in early European trade Tuesday, climbing to a five-month high, while sterling retreated after relatively benign wage data. At...

Investing.com-- Most Asian currencies weakened on Tuesday, while the dollar rose to over five-month highs amid rising geopolitical tensions between Iran and Israel and increased...

Investing.com-- The Japanese yen hit its weakest level in 34 years on Tuesday, with the USDJPY pair weakening past 154 despite repeated warnings from the government over potential...

TOKYO (Reuters) - Japanese Finance Minister Shunichi Suzuki said on Tuesday he was closely watching currency moves and will provide a "thorough response as needed" after the...

By Saqib Iqbal Ahmed and Laura Matthews (Reuters) - A rally in the U.S. dollar is accelerating, as stubborn inflation sows doubts over how aggressively the Federal Reserve will be...

By Karen Brettell NEW YORK (Reuters) -The dollar reached its highest since early November against a basket of currencies on Monday and sent the yen to its lowest level since 1990,...

By Jamie McGeever ORLANDO, Florida (Reuters) - Hedge funds have built up their biggest bet against the yen in 17 years, raising the prospect that when Japan's embattled currency...

(Reuters) - The yen weakened on Monday, pushing the dollar to its highest against the Japanese currency since June 1990, with markets alert to any signs of intervention from the...

Investing.com - The U.S. dollar edged lower in early European trade Monday, but remained elevated amid uncertainty over Federal Reserve rate cuts and with heightened Middle East...

Investing.com-- Most Asian currencies weakened on Monday with the Japanese yen testing new 34-year lows, while increased safe haven demand, in the wake of an Iranian strike on...