Category: Forex News

Markets are widely expecting the Federal Open Market Committee (FOMC) to deliver a dovish rate cut, as signs of a softening US labor market continue to mount. According to analysts at Brown…

The Pound Sterling surged against major currencies after the UK released its latest employment figures. The UK ILO Unemployment Rate held steady at 4.7%, matching forecasts and keeping the rate at a…

The Euro touched fresh two-month highs around 1.1800, supported by ongoing weakness in the US Dollar. Traders’ hopes for a dovish pivot by the Federal Reserve are putting pressure on the Dollar,…

The Pound Sterling gained strongly against major currencies on Tuesday, reaching its highest level against the US Dollar in over two months following the release of UK employment figures. According to the…

Canada’s inflation report for August is due Tuesday and is expected to show a modest pickup in price pressures, just as the Bank of Canada (BoC) prepares to decide on interest rates…

Gold extended its rally for the third straight day on Tuesday, surging to fresh all-time highs just below $3,700, driven by ongoing weakness in the US Dollar. Market expectations that the Federal…

The US Dollar (USD) continues to weaken against the Canadian Dollar (CAD), with the pair trading below the 1.3780 mark as markets await crucial inflation data from Canada and retail sales figures…

Canada’s upcoming August CPI report is expected to confirm that while core inflation remains elevated, underlying pressures are gradually easing, according to FX analysts at Brown Brothers Harriman (BBH). This should give…

Chinese refineries processed 63.46 million tons of crude oil in August, according to the National Bureau of Statistics (NBS). This marks a 7.4% increase compared to the same month last year, Commerzbank…

The British Pound (GBP) gained modestly against the US Dollar (USD), supported by broader dollar softness. However, the pound underperformed relative to the euro, as ongoing concerns about the UK’s labor market…