FOREX news

A powerful US dollar is making currencies around the world weaker and contributing to soaring prices of basic goods and services. The dollar has gained 18% this year, and in September hit a 20-year high, according to the benchmark US ...

The British pound crashed to a new record low against the US dollar of $1.035 on Monday, freefalling more than 4%. The previous record low for the British pound against the US dollar was 37 years ago, when one pound ...

The Bank of Japan (BOJ) has been acting as a lone dove this year as other major global central banks aggressively hike rates to contain surging inflation.Continuing on a long-held monetary policy course, the BOJ steered clear of intervening to ...

The British pound plunged to a 37-year low this past Friday after new data showed consumers haveslowed spending, raising fears that the economy may already be in a recession.The currency fell below $1.14, a level not seen since 1985. Retail ...

The embattled euro has fallen below $0.99 – a new two-decade low – after Russia stopped gas supplies to Europe, heightening fears of a deep energy crisis across the continent.The euro has lost 20% of its value in the past ...

The Japanese yen has fallen to a 24-year low against the dollar as investors brace for higher US interest rates.One dollar is now worth more than 140 yen for the first time since 1998, as the greenback continues its period ...

US companies added more than double the number of jobs forecast for July, revealing strong labor demand that tempered recession fears and suggested the Federal Reserve will continue to use steep interest rate hikes to combat out-of-control  inflation.Non-farm payrolls leapt ...

Argentina’s new Economy Minister Sergio Massa has pledged to stop printing money that helps fuel runaway inflation. With the country facing a deepening economic crisis, Massa became the third economic minister in a month.  He inherits the enormous challenge of ...

The euro was still jittery in this week’s trading after its steepest plunge in two weeks, as a disruption in Russian gas supplies sent energy prices soaring. The euro fell about 1% to $1.0108 overnight, its biggest fall since early ...

The Indian rupee has fallen more than 7% in 2022, adding to inflationary pressure and destroying margins for importers in this otherwise import-dependent country.  The rupee stands on the threshold of 80 to a US dollar and may soon fall ...

The Reserve Bank of Australia (RBA) has said that interest rates will need to be raised much higher to calm red-hot inflation, despite recent rate hikes. The central bank sees the prevailing benchmark rate of 1.35% as being “well below” ...

The Chilean peso suffered heavy losses last week, slumping to a record low as the country’s central bank delivered an underwhelming interest rate hike that disappointed the markets. The peso plummeted by almost 5% to an unprecedented 1,060.40 per US ...

Bank of Canada Governor Tiff Macklem has announced a supersizing interest rate hike of a full percentage point. The move left Canadians shocked, especially given the country’s hot housing market and heavy debt loads. The Bank of Canada has a ...

The US dollar is gaining strength at a rapid rate, achieving its strongest level against other major currencies in almost 20 years. The US dollar Index has jumped 4% in the past month and nearly 13% year-to-date, while other important ...

US Treasury Secretary Janet Yellen and Japanese Finance Minister Shunichi Suzuki pledged this week to further solidify bilateral ties and work together to tackle rising food and energy prices exacerbated by Russia's attack on Ukraine. The finance leaders agreed the ...