Category: Forex news

The U.S. dollar fell from its recent 20-year high on Friday. Despite that, it remained on track for its best month since 2015. A combination of expectations for U.S. rate increases and growth concerns in

The U.S. dollar rallied to a 20-year high against the basket of six major currencies on Thursday. The Bank of Japan doubled down on its dovish policy, causing the yen to drop to its weakest

The euro plunged below $1.06 for the first time in five years versus a rallying U.S. dollar on Wednesday. Rising concerns around energy safety, along with the growth slowdown in China and Europe, prompted investors

The U.S. dollar surged forward to trade at a two-year high against the euro on Tuesday. It also hit an 18-month high versus the British Pound. Concerns about the economic impact of China’s coronavirus lockdowns,

The companies would also require other conditions on the transactions, such as a statement that they consider their contractual obligations complete once they have deposited the non-Russian currencies. Moscow has cautioned Europe it risks having

On Wednesday, McKenna told CNBC’s “Squawk Box Asia” that they certainly see a move up through 130. they think that’s possible. The foreign exchange strategist said that assuming BOJ policymakers stay committed to their easy

The U.S. dollar climbed up on Thursday. Traders’ expectations for aggressive Federal Reserve monetary tightening supported it. However, the greenback was well off the previous day’s highs due to concerns about what G7 might say

The Japanese yen briefly dropped to a fresh two-decade low on Wednesday. The Bank of Japan stepped into the market once again to defend its ultra-low interest-rate policy. The latter is in sharp contrast with