FX News

Dollar Stays Fairly Steady Against Rivals

The U.S. dollar pared early gains, and after a brief spell around the flat line, rallied again Thursday afternoon but retreated again in the final minutes of the session, looking for direction.Original Article Read More →

New Zealand Expands QE, Maintains Key Rate

New Zealand's central bank decided to expand its asset purchase programme to reduce the cost of borrowing as coronavirus, or Covid-19, pandemic is set to lower growth, employment and inflation. The Monetary Policy Committee of the Reserve Bank of New Read More →

UK Economy Logs Biggest Contraction Since 2008

The UK economy contracted the most since the global financial crisis as measures adopted to reduce the transmission of the coronavirus took a toll on overall activity, data from Office for National Statistics revealed on Wednesday. Gross domestic product fell Read More →

Malaysia Economic Growth Slows In Q1

Malaysia's economic growth eased sharply in the first quarter as measures taken to contain the spread of the coronavirus, or Covid-19, pandemic weighed on exports and domestic growth, data from Bank Negara Malaysia showed Wednesday. Gross domestic product grew 0.7 Read More →

U.S. Producer Prices Plunge Much More Than Expected In April

After yesterday's report showing an historic drop in consumer prices, the Labor Department released a report on Wednesday showing U.S. producer prices plunged by much more than expected in the month of April.Original Article Read More →

Dollar Recovers After Powell Rules Out Negative Interest Rates

The U.S. dollar recovered after early weakness and spent the rest of the session on Wednesday in positive territory, after the Federal Reserve Chief Jerome Powell ruled out negative interest rates.Original Article Read More →