Forex News
Foreign exchange market news and currency analysis. Track USD, EUR, GBP, and JPY movements, central bank policies, and forex trading signals.
Dollar's Modest Gain Masks Yen Strength as Oil Tops $101
The dollar index edged up just 0.1% even as Brent crude topped $101 and 10-year yields approached 4.85%. Yen strength and BOJ hike bets are capping USD/JPY gains.
Japan's FX Reserves Plunge $79.6B, Yen Hits 153.51
Japan's official reserves dropped $79.6B in August to $1.2075T, with foreign-currency securities down $87.8B. Yen strengthened past 154 as intervention and BOJ expectations converge.
Peso Dips on Thin Holiday Trading; Budget Awaited
The Mexican peso slipped 0.15% against the dollar on Monday, but thin holiday trading limits significance. All eyes turn to Mexico's 2027 budget and inflation data.
Loonie Holds Ground Despite August Job Losses
The Canadian dollar closed the week at 72.25 US cents despite a 42,000 job loss in August, while US payrolls grew by 162,000. Rate differentials and inflation keep the loonie in focus.
Trump Condemns Canadian Dollar 'Imbalance' as Parity Would Demand 38% Rally
President Trump calls Canada's currency gap 'unacceptable,' but parity would require a 38% Canadian dollar rally. With tariffs looming, markets weigh the impact.
Forint Surges on MNB Rate Pause Speculation
Hungary's forint strengthened 1.1% against the euro after reports suggested the central bank may halt rate cuts, widening the carry cushion.
Peso Strength Faces Fiscal Test as Budget Deadline Looms
The Mexican peso closed at a two-year high of 16.8912 per USD on Friday, defying a strong US jobs report. Tuesday's federal budget will test whether fiscal policy supports the currency's recent gains.
Kiwi Tumbles as RBNZ's Rate Path Falls Short of Hawkish Bets
The New Zealand dollar slid 0.9% after the RBNZ raised rates to 2.75% but projected a 3.15% peak, lower than market bets of 3.5%, prompting a dovish read.
Loonie Slips 0.2% as Traders Await Bank of Canada's Rate Verdict
The Canadian dollar fell 0.2% against the U.S. dollar ahead of the Bank of Canada's rate announcement, with markets widely expecting the overnight rate to remain at 2.25%.
RBNZ Rate Hike Falls Short of Hawkish Hopes, NZD Slides 1.1%
The RBNZ lifted the OCR to 2.75% as expected, but a dovish statement sent the New Zealand dollar down 1.1% to US$0.5830. Markets now focus on the October 28 policy decision.
Tokyo's Record Yen Intervention Fades as USD/JPY Retraces 61%
Japan's record ¥15.4 trillion yen intervention has lost 61% of its initial impact, with USD/JPY back near 160.06. Markets now eye the BOJ's September meeting.
Yuan Pulls Back from 3½-Year High as PBOC Fixing Signals Intervention
The yuan slipped from a 3½-year high after the PBOC's midpoint came in 633 pips below market estimates, signaling a curb on appreciation. USD/CNY closed near 6.72, and KWEB rose 0.61%.