Forex News

The calendar only features a few key events that directly impact forex, so dollar traders are now focusing on the US equity markets.

Two senior officials of the Bank of England (BoE) are backing the prospect of interest rate cuts in the UK starting from June.

The United States, Japan, and South Korea have agreed to closely consult on exchange rate issues. The market sees it as a precursor to currency intervention.

The UK Unemployment Rate increased, prompting the Pound Sterling to fall ahead of tomorrow's UK inflation data release.

The US dollar did not react to the news of the Israeli-Iranian clash. Some are even relieved at the lack of signs of conflict escalation.

The market was more confident in buying the US dollar, as some Federal Reserve officials emphasized the importance of patience in policy making.

AUDUSD's rebound attempt was derailed by the publication of China's Trade Balance. The Asian economic giant may not experience a recovery as previously expected.

A UK central bank official dismissed speculation of an earlier rate cut than the Fed. However, GBP/USD remained under pressure.

Today's ECB announcement weakened the euro against all other major currencies.

The rise in US inflation far exceeded many people's expectations, triggering significant changes in the US dollar exchange rate and the Fed's interest rate expectations.