Forex News
Latest forex news, currency market updates and analysis for major FX pairs
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USD/JPY Falls to 158.85 as Japan CPI Lifts BOJ Hike Odds to 84%
USD/JPY slipped to around 158.85 after Japan’s July inflation data strengthened the case for a Bank of Japan rate hike…
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GBP/USD Hits 1.3670 After UK Services PMI Surprise Lifts Sterling
GBP/USD climbed to 1.3670, its highest level since February, after UK services PMI rose to 52.8 and beat all market…
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EUR/USD Hits 1.1710 as Treasury Buybacks and Eurozone PMI Lift the Euro
EUR/USD climbed to 1.1710, its highest level since May 14, as expanded US Treasury buybacks pressured the dollar and stronger…
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USD/JPY Holds Near 158.5 as Bond Yields Outweigh ¥13.75 Trillion Intervention
USD/JPY remained near 158.53 even after massive official support for the yen, underscoring how U.S.-Japan yield spreads continue to dominate…
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GBP/USD Breaks 1.36 as Dollar Slumps Despite Weak UK Wage Growth
GBP/USD climbed above 1.36 after a broad dollar selloff, even as UK wage growth slowed to its weakest pace since…
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EUR/USD Breaks 1.1650 as Dollar Index Hits 11-Week Low
EUR/USD pushed above its 200-day moving average near 1.1650 after the dollar index slid to an 11-week low around 98.70.…
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USD/JPY Near 159.20 as Japan 10-Year Yield Hits 2.945%
USD/JPY eased toward 159.20 after Japan’s 10-year bond yield climbed to 2.945%, its highest level since 1996. Markets are increasingly…
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GBP/USD Holds Below 1.3570 After UK CPI Hits 2.9%
Sterling stayed capped below 1.3570 even after UK inflation accelerated to 2.9% in July. Investors focused on easing services inflation…
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EUR/USD Breaks 1.1600 as Fed-ECB Rate Gap Narrows to 112 bps
EUR/USD moved above 1.1600 as traders priced in a likely ECB hike and a steadier Federal Reserve. The move reflects…
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USD/JPY Near 160 as Yen Slides Despite August 1 Intervention
USD/JPY climbed to 159.638 in Asian trading, erasing roughly half of the drop triggered by the August 1 coordinated intervention.…