FX News

Dollar Stays Weak Against Major Counterparts

The U.S. dollar turned in another weak performance, losing ground against most of its major counterparts on Friday, amid speculation the Federal Reserve will likely ease its monetary policy by the middle of next year.Original Article Read More →

UK Retail Sales Fall Unexpectedly In October

UK retail sales declined unexpectedly in October as high interest rates hurt spending ahead of the festive season, official data revealed on Friday. Retail sales logged a 0.3 percent monthly drop but slower than the September's revised 1.1 percent decrease, Read More →

U.S. Homebuilder Confidence Unexpectedly Slumps To 11-Month Low In November

With mortgage rates approaching 8 percent earlier this month, the National Association of Home Builders released a report on Thursday unexpectedly showing a continued deterioration in U.S. homebuilder confidence in the month of November. The report said the NAHB/Wells Fargo Read More →

U.S. Dollar Regains Ground Following Yesterday’s Nosedive

Following the nosedive seen during trading on Tuesday, the value of the U.S. dollar has regained some ground on Wednesday. The U.S. dollar index is rising 0.36 points or 0.3 percent to 104.41 after plunging to its lowest levels in Read More →

Dollar Loses Ground After Tamer Than Expected Inflation Data

The U.S. dollar suffered one of its steepest slides in several months on Tuesday after data showing a bigger than expected drop in the nation's inflation raised hopes the Federal Reserve will keep interest rate unchanged in coming months.Original Read More →

SNB Will Not Hesitate To Tighten Policy Further, Jordan Says

The Swiss National Bank will review whether the policy measures take thus far were enough to keep inflation within the target range on a sustainable basis and stands ready to tighten policy further if needed, SNB Chairman Thomas Jordan said Read More →