FX Trading News & Forex rates

Welcome to the FX Trading, your daily forex portal providing you with live forex rates, FX trading news and other uyseful forex tools and widgets.

Latest 5 Forex News Items

Shares up ahead of Fed policy announcement22 May at 9 AM

Shares on stock markets around the globe were up on Tuesday on signs of positive growth. The S&P 500 and Dow Jones ended at record highs and encouraging data from the US helped to keep the dollar up. The euro was also up as sterling came under pressure to hit a seven-week low and the yen continued to come under pressure after the Japanese finance minister was forced to backtrack on an announcement that the currency had already weakened enough. Analysts are now keeping a close eye on how the Federal Reserve deals with its policy of QE. Some chiefs have indicated that a programme of bond...

Yen under pressure as dollar remains strong15 May at 9 AM

Aggressive monetary easing by the Bank of Japan continues to put pressure on the yen. The dollar is currently hovering around its highest level against its Japanese rival since the end of 2008. The greenback is worth 102.24 yen and many analysts expect it to rise further over the coming weeks. The euro is holding steady at $1.2935 although a decision by the European Central Bank to drive deposit rates down could put fresh pressure on the single currency. Against the yen the euro is trading at 132.11 yen after hitting a three-year peak of 132.78 yen on Tuesday. Analysts do not expect...

New Zealand dollar down against the greenback8 May at 9 AM

The New Zealand dollar has dropped against its US counterpart ahead of an announcement due to be made by the Reserve Bank of New Zealand later. Although nobody expects the central bank to declare an interest rate cut, concerns have already been voiced about the current strength of the Kiwi dollar. The currency is currently trading at 0.8379, a fall of 0.95 per cent. Although the RBNZ has so far avoided entering into quantitative easing to push down the value of the Kiwi, the strength of the dollar is having an impact on the country’s exporters. Traders are looking to data due to be...

Euro dips slightly against the dollar1 May at 9 AM

A meeting this week at the European Central Bank could result in a cut in interest rates in order to boost the economy. The International Monetary Fund is asking the central bank to drop the rate from its current level of 0.75 per cent as many countries in the bloc continue to struggle. The euro has dipped slightly against the US dollar as a result and is presently trading down 0.2 per cent at $1.3164. However, the greenback is also suffering because of a raft of negative economic data coming out of the US. Although productivity appears to be down in the US, house prices in February...

Aussie dollar takes a tumble24 Apr at 9 AM

The value of the Australian dollar has been hit by news that factory output in China shrank in April because of fewer export orders. As well as being an indication that the global economy is suffering, China is Australia’s largest trading partner. The Aussie has dropped to a six-month low of $1.0221. The Australian currency has also dipped to 100.98, a slide of 0.9 per cent. The yen has managed a slight rally against most other major currencies. The dollar fell 0.6 per cent to 98.71 yen. However, most analysts believe that a strict monetary easing policy at the Bank of Japan will see the...