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.

NZ dollar climbs on sharp mfg. data

The New Zealand dollar has posted strong gains on Wednesday. NZD/USD is trading at 0.6841 in the European session, up 0.55% on the day. Manufacturing Sales surge in Q4 Manufacturing Sales were outstanding in the fourth quarter, with a gain of 12.0%. This marked an impressive rebound from the -2.3% reading in Q3.

09-03-2022 07:55 GMT by Kenneth Fisher

NZD extends losses ahead of mfg. sales

The New Zealand dollar is trading lower on Tuesday, after starting the week with considerable losses. NZD/USD is trading just above the 0.68 line in the North American session. Investors are keeping an eye on New Zealand Manufacturing Sales, which will be released later in the day.

08-03-2022 12:00 GMT by Kenneth Fisher

Euro finds its feet

The euro has been having a rough time of late and plunged 2.96% last week. EUR/USD started the week with more losses but finally found its feet today.

08-03-2022 10:11 GMT by Kenneth Fisher

US dollar holds onto overnight gains

Risk aversion providing support to US dollar The US dollar held onto most of yesterday’s early-session gains overnight, boosted by a rise in US yields in New York, as investors continue to pour haven flows into the greenback. The huge rallies in commodity prices are also supportive, with a large portion of that international trade priced in US dollars. The dollar index finished 0.74% higher at 99.24 overnight, with some profit-taking pushing it slightly lower to 99.16 in Asia as the news ticke

08-03-2022 04:16 GMT by Jeffrey Halley

NZ dollar slips, mfg. sales next

The New Zealand dollar has started the week in negative territory. NZD/USD is down 0.50%, and is trading at 0.6825 in the North American session. The currency enjoyed its best week since August 2021, with gains of 1.75%.

07-03-2022 12:48 GMT by Kenneth Fisher

Aussie coming off sizzling week

Aussie rally ends The Australian dollar has taken a breather, as it trades just slightly below the 0.74 line. AUD/USD has posted small losses on Monday, after posting impressive gains of 2% last week. The war in Ukraine has dampened risk appetite, which in normal times would hurt the risk-sensitive Australian dollar.

07-03-2022 09:26 GMT by Kenneth Fisher

Euro decline continues

The euro is coming off a nasty week and has continued its downswing on Monday. EUR/USD fell 3% last week and the pair has dropped 0.9% on Monday, to 1.0830.

07-03-2022 05:56 GMT by Kenneth Fisher

US dollar climbs as risk appetite sinks

US dollar rises on geopolitical/economic nerves The US dollar rose into the end of the week on Friday as investors loaded up on weekend risk protection. Nothing has changed over the weekend to alter the need to hold US dollars; if anything, with the US seemingly about to ban Russian oil imports, and no good news from Ukraine, the situation has hardened. The dollar index has risen by 0.57% this morning to 99.06, but the US dollar pain has been unevenly spread.

07-03-2022 04:27 GMT by Jeffrey Halley

Oil price spike crushes Asian markets

Oil surges on talk of banning Russian crude Oil prices are 8.50% higher this morning in panicked early buying in futures markets after weekend reports that the US was looking at completely banning Russian oil imports, and the Russians themselves inserted some hefty last-minute demands on the US in the small print of the almost-finished Iran nuclear deal. With the latter in jeopardy, and the former sure to lead to higher domestic prices, it is no surprise that Asian traders, a region heavily rel

07-03-2022 03:57 GMT by Jeffrey Halley

EUR/USD - Further pain to come?

Sell-off accelerates in risk-averse trade The decline in the EURUSD pair has really accelerated over the last week after the West imposed severe sanctions against Russia that will have implications for the global economy, in particular Europe. Sanctions rarely work one way but they are designed to ensure the maximum and majority pain is imposed on the recipient country. Unfortunately for Europe, the recipient country is also an important trading partner and its main source of natural gas among

04-03-2022 15:18 GMT by Craig Erlam

Week Ahead - Enormous uncertainty

It's been another week of significant volatility in financial markets, one in which European indices edged closer to bear market territory, oil prices hit a 10-year high around $120, and safe-haven gold came close to $2,000.

04-03-2022 12:58 GMT by Craig Erlam

Sterling slips to new 2022 low

The pound is down considerably for a second straight day and has lost over one per cent on the week. GBP/USD is trading at 1.3268, its lowest level since December 2021. In economic news, the UK Construction PMI for February accelerated to 59.1, up from 56.3 in January and easily beating the consensus of 54.3.

04-03-2022 08:19 GMT by Kenneth Fisher

Aussie extends rally

The Australian dollar continues its impressive rally and is in positive territory on Friday. AUD/USD has climbed 1.37% this week. The war in Ukraine shows no signs of letting up, and news that a Russian missile scored a direct hit on a Ukrainian power plant has made investors even more jittery about the war in Europe.

04-03-2022 07:43 GMT by Kenneth Fisher

Euro falls to 22-month low

After starting the week with gains, the euro has been on a nasty slide, which has continued on Friday. EUR/USD has dropped below the symbolic 1.10 level in the European session and is at its lowest level since June 2020. Fire at Ukraine nuclear plant sends euro lower The intensified fighting which is raging in Ukraine has taken its toll on the euro. The grim news of a fire at a Ukrainian nuclear plant caused by Russian shelling has resulted in safe haven flows which has boosted the US dollar

04-03-2022 06:50 GMT by Kenneth Fisher

Dollar climbs on Ukrainian nuclear fire

The US dollar surges on Ukrainian nuclear fears Notably, the US dollar did not experience any relief flows seen in energy and equity markets overnight in New York, as US yields held onto their gains of the previous session. The rising price of commodities increases demand for US dollar, as does Ukraine haven flows, and should continue to support the greenback into the weekend.

04-03-2022 04:52 GMT by Jeffrey Halley

AUD/USD - Breakout amid soaring commodity prices

OANDA Senior Market Analyst Craig Erlam discusses AUDUSD which is in the midst of a bullish breakout as commodity currencies continue to benefit from rising prices.

03-03-2022 18:19 GMT by Craig Erlam

New Zealand dollar edges higher

The New Zealand dollar has posted small gains on Thursday, as NZD/USD has pushed above the 0.68 line in the North American session. New Zealand is hugely dependent on its export industry, and the Covid pandemic has taken its toll on exports, as global demand has fallen. However, with the worst of Covid hopefully behind us, global demand has picked up, which bodes well for New Zealand's economy.

03-03-2022 11:09 GMT by Kenneth Fisher

Australian dollar shrugs after strong data

PMIs, trade balance power higher Australia posted strong data earlier in the day, but the Australian dollar remains almost unchanged as it trades around the 0.73 level. Services PMI jumped to 57.4 in February, up from 46.6 in January. It was a similar story for Construction PMI, which climbed to 53.4, up from 45.9.

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

Currency markets are mixed

Euro steady, sterling rises The US dollar mostly retreated overnight as Fed rate hike expectations were pared for March and investors hoped for progress in the Ukraine-Russia meeting expected today. The dollar index eased slightly by 0.04% to 97.36, but with oil prices on fire in Asia today has resumed its ascent, climbing 0.16% to 97.51.

03-03-2022 04:48 GMT by Jeffrey Halley

EUR/JPY - Further downside to come?

Or is it due a correction? It's been a very volatile start to 2022 and risk aversion has certainly picked up in recent weeks following the Russian invasion of Ukraine. The shift to safe havens has benefited the usual currencies like the dollar, Swiss franc, and Japanese yen, with the latter making significant gains against the euro. The pair has fallen more than 4% over the last few weeks and despite rebounding a little on Wednesday, looks very vulnerable to a break lower. And this comes a

02-03-2022 19:06 GMT by Craig Erlam

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