News

After last week’s trading, the prospect of the Federal Reserve cutting interest rates during the year became increasingly slim. Important data last week included: U.S. preliminary first-quarter gross domestic product…

In early Asian trading on Monday, GBP/USD strengthened to around 1.2520. Investors will pay close attention to the Federal Reserve’s interest rate decision and press conference on Wednesday. The Fed…

Looking at the performance of the U.S. Dollar Index so far this year, the U.S. dollar is up nearly 5.0% against a basket of six major currencies. The picture remains…

In early Asian trading on Monday, EUR/USD strengthened around 1.0710. The US dollar remains weak, below the 106.00 mark, providing some support for EUR/USD. The preliminary value of Germany’s April…

In early Asian trading on Monday, the Australian dollar/US dollar strengthened, staying near 0.6535 for six consecutive days. AUD/USD’s gains have been bolstered by a hawkish outlook following last week’s…

Sterling fell 0.27% against the dollar on U.S. inflation data, which suggested the Federal Reserve may delay cutting interest rates. The pair’s recent failure to break above the 200-day moving…

The Canadian dollar fluctuated as investors looked elsewhere. Canadian data won’t appear on the economic calendar until next week. U.S. PCE inflation remained higher than expected, dampening hopes for a…

The euro is currently undergoing a notable downward trend against the lek, despite the absence of the summer season. In foreign exchange markets, the European currency is being traded at…

The Sri Lankan economy has shown signs of stabilization, with State Minister of Finance Shehan Semasinghe highlighting a significant appreciation of the local currency against the US dollar. According to…

The euro saw a boost this week on the back of positive Eurozone business activity data, while the US dollar faced pressure amid weaker-than-expected economic indicators. As the focus shifts…