Forex: all news & analysis

Explore our comprehensive Forex Archive, an essential resource that provides expert insights on price movements, trends, and the currency market. By analysing past price actions and key events, you can uncover vital market dynamics and elevate your understanding of effective trading strategies. Whether you're focusing on major currency pairs or emerging markets, our archive is packed with information to help you sharpen your trading decisions.

Canadian dollar steady, GDP outperforms

Canada's GDP rises 6.7% Canada's GDP in Q4 was stronger than expected, at 6.7% QoQ, ahead of the estimate of 6.5% and higher than the 5.5% gain in Q3. The Canadian dollar's reaction was muted, as investors are looking ahead to the Bank of Canada's policy meeting on Wednesday. The red-hot GDP reading cements a rate hike from the BoC. The Bank of Canada has held interest rates at 0.25% since March 2021, but policy makers are poised to raise rates by 25 basis points, to 0.50%.

01-03-2022 11:29 GMT by Kenneth Fisher

Aussie steady as RBA holds pat

As expected, the RBA maintained its cash rate at a record low 0.10% earlier on Tuesday. In the rate statement, Governor Philip Lowe said that the global economy continued to improve, but noted that the war in Ukraine was "a major new source of uncertainty". Lowe warned that inflation would continue to rise and that the RBA was projecting inflation to hit 3.25% in the coming quarters. This is significant because it indicates that the central bank expects inflation to rise above the bank's 2-3%

01-03-2022 06:39 GMT by Kenneth Fisher

Euro weakens on Ukraine fighting

The euro has lost ground on Tuesday and fallen below the 1.12 level. In the European session, EUR/USD is trading at 1.1173, down 0.40% on the day. The fighting has intensified in Ukraine, with a Russian armored column stretching for miles slowly winding its way towards the capital Kyiv.

01-03-2022 06:27 GMT by Kenneth Fisher

US dollar clings to gains

US dollar stays firm The US dollar finished higher overnight, but only marginally so as the peak-Ukraine rally in equities caused the greenback to give back much of its intraday gains. The dollar index finished 0.21% higher at 96.75, before climbing another 0.12% to 96.86 in Asia today. Given the bargain hunter mentality sweeping the equity markets, it is interesting that the US dollar continues to trade firm, even more so given the move lower by US yields across the curve overnight.

01-03-2022 04:27 GMT by Jeffrey Halley

Yen posts gains despite weak data

Japanese production, retail sales fall Japan's factory output declined for a second consecutive month as supply disruptions continue to take a toll on manufacturing. Industrial production for January fell 1.3% m/m, worse than the consensus of -0.7%.

28-02-2022 12:06 GMT by Kenneth Fisher

Powerful sanctions hit risk appetite

We're seeing widespread risk aversion once more on Monday after new severe sanctions were levied against Russia over the weekend. The response to previous sanctions was underwhelming, to say the least, but the latest batch undoubtedly has the teeth that the others lacked. That's been most clearly evident in the FX markets, where the rouble plunged more than 30% to record lows and that could have been much worse but for swift action by the central bank. An emergency rate hike - raising the key

28-02-2022 10:43 GMT by Craig Erlam

Aussie active ahead of RBA meeting

The Australian dollar started the trading week with considerable losses but has recovered and is unchanged on the day. Volatility continues due to Ukraine crisis The financial markets remain focused on Ukraine, where the Russian invasion continues and the capital Kyiv is bracing for a Russian onslaught at any time. Russian and Ukrainian officials are currently meeting on the Belarus-Ukraine border to discuss a cease-fire, although expectations for a breakthrough are low.

28-02-2022 10:02 GMT by Kenneth Fisher

NZ dollar dips as business confidence slides

New Zealand business confidence plunges The week started on a sour note, as ANZ New Zealand Business Confidence plunged in January, with a reading of -51.8. This was a sharp drop from the December read of -23.2.

28-02-2022 08:36 GMT by Kenneth Fisher

Euro volatile as Ukraine crisis in focus

The euro remains under pressure and was down close to 1% earlier in the day. EUR/USD has recovered and is currently trading at 1.1215, down 0.50%.

28-02-2022 06:03 GMT by Kenneth Fisher

It’s all about Ukraine

As we enter the end of February and the beginning of March, I could be discussing the very busy week of data ahead and its implications on monetary policy. But who are we kidding?

28-02-2022 03:35 GMT by Jeffrey Halley

Week Ahead - Shock waves

It's been another week of significant volatility in financial markets and there's little reason to expect next week will be any different. The Russian invasion of Ukraine sent shock waves around the world and the ripple effects were felt throughout the markets as investors were forced to consider what the consequences would be for everything from commodity prices to interest rates.

25-02-2022 13:39 GMT by Craig Erlam

Japanese yen yawns as CPI rises

Japan's CPI hits 2-year high In Japan, the spotlight this week was on inflation indicators. After decades of deflation, Japan is experiencing inflationary pressures, although nothing on the scale that we're seeing in the US or the UK.

25-02-2022 08:22 GMT by Kenneth Fisher

Pound settles after massive drop

The pound is calm on Friday, after taking a tumble on Thursday and falling 1.28%. It was the pound's worst one-day performance since November 2021.

25-02-2022 07:05 GMT by Kenneth Fisher

NZ dollar steady after wild ride

The New Zealand dollar has steadied after taking a tumble on Thursday. In the European session, NZD/USD is trading quietly at the 0.67 line. New Zealand dollar plunges as risk apprehension soars There was no shortage of volatility in the currency markets on Thursday, as panicky investors dumped pretty much everything and flocked to the safety of the US dollar.

25-02-2022 05:19 GMT by Kenneth Fisher

US dollar remains elevated

Investors snap up safe-haven greenback The US dollar soared on haven flows as Russia commenced its invasion of Ukraine yesterday. However, DM currencies rallied later in the session after the announcement of the next tranche of Western sanctions.

25-02-2022 03:57 GMT by Jeffrey Halley

Under the bus

Nobody could complain about a lack of volatility overnight as the Russia/Ukraine sell-off staged the mother of all reversals, in equity markets anyway. Oil also reversed almost all its early session gains and gold finished lower on the day.

25-02-2022 03:39 GMT by Jeffrey Halley

US Close – Russia attack on Ukraine changes everything for Inflation/growth outlooks, Stocks rebound, Ruble pummeled, Oil volatile, Gold turns negative, Bitcoin stabilizes

Global equities were in freefall as investors fled to safe-haven assets after Russian missiles and airstrikes hit dozens of Ukraine cities. Regional warfare will intensify inflationary pressures globally as energy markets could still see another massive surge after the EU/US respond.

24-02-2022 15:18 GMT by Edward Moya

NZD plunges as Russia attacks Ukraine

The New Zealand dollar has plummeted 1.58% on the day, courtesy of the Russian invasion of Ukraine. In the North American session, NZD/USD is trading at 0.6661. US dollar surges as risk appetite evaporates The financial markets are seeing red today, but it's looking all green for the US dollar, which is broadly higher against the major currencies.

24-02-2022 12:59 GMT by Kenneth Fisher

Yen rises as Russia launches invasion

Hopes that diplomatic moves could avert a Russian invasion of Ukraine were shattered early Thursday, as Russia launched a full-scale attack. The move was not all that surprising, given the massive Russian buildup on the border with Ukraine during the past few weeks.

24-02-2022 11:20 GMT by Kenneth Fisher

Aussie slides on Russian invasion

The Australian dollar has reversed directions on Thursday, as AUD/USD is trading at 0.7172, down 0.86% on the day. Ukraine invasion sends Aussie tumbling The tense standoff between Russia and Ukraine which had been building for days exploded earlier today, as Russian forces launched an invasion of Ukraine. Details are still sketchy, but there are reports of Russian troops advancing on a number of fronts and there has been fighting around the capital Kyiv.

24-02-2022 07:27 GMT by Kenneth Fisher

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