Category: Forex news

The ECB should end its bond purchases this month; this means rate hikes can commence in the second half of 2022; therefore, leaving the Bank of Japan (BoJ) standing alone amongst its peers with its

The yen dropped to a 20-year low of 133 per dollar, which had previously been highlighted as intervention territory, a day after central bank governor Haruhiko Kuroda reiterated an unwavering commitment to “powerful” monetary stimulus.

The U.S. Dollar Index tracked the greenback against a basket of other currencies and inched up 0.04% to 102.34 by 12:57 PM ET (4:57 AM GMT). The USD/JPY pair inched down 0.06% to 130.04. The

Russia has managed to make its international bond payments despite Western sanctions, which have complicated the process of paying. The country has $40 billion of global bonds and last month made a late U-turn by

U.K. unemployment fell to 3.7% in the three months through March, the lowest level since 1974, as the number of job openings rose to a new high of 1.3 million. The Bank of England should

Upbeat earnings views from Home Depot (NYSE: HD) and United Airlines and optimism around the easing of China’s crackdown on tech and COVID-19 helped lift risk sentiment. The U.S. Dollar Currency Index, which tracks the

The low price reached 0.6216. That took the pair to the lowest level since early June 2020 and below the 61.8% of the move up from the 2020 low. The retracement comes in at 0.62298.

The breaking of that floor area (see red numbered circles in the chart above) gave sellers the go-ahead to probe lower, and they took the pair to a low of 0.6828 toward the end of