Category: Forex news

The consumer price index increased 0.6% from December, the Labor Department stated. In the 12 months through January, CPI bounced 7.5%, the biggest year-on-year gain after February 1982. The data scored the fourth straight month

The Euro plummeted down for a second straight day on Tuesday. European Central Bank President Christine Lagarde announced that there is no need for significant monetary policy tightening in the eurozone, sending the currency in

The Euro plummeted down from a three-week high on Monday as the strong U.S. jobs data supported the U.S. dollar ahead of inflation figures due later this week. The latter will likely cement a March

Rampant inflation over many global economies has pushed central banks to tighten monetary policies that had been dramatically loosened to support consumers and businesses weather the financial hit from the epidemic. The ECB had fought

The Euro remained on track for its best week against the U.S. dollar since the coronavirus pandemic hit on Friday. A hawkish turn by the European Central Bank (ECB) supported the currency. Soaring inflation across

The euro declined slightly on Thursday ahead of a meeting of the European Central Bank. The latter might signal a faster-than-expected monetary tightening to hinder rising inflation. Souring risk appetite in the forex market supported

The euro rallied for a third consecutive day on Wednesday. It soared from a 20-month low last week. Eurozone inflation surged to a new record last month, bolstering bets the European Central Bank might raise

The U.S. dollar plummeted down for a second straight session on Tuesday, lowering from the 19-week peak reached at the end of January. Meanwhile, riskier currencies such as the Australian dollar and the British pound