Currency Forecast

The euro resumed its rise against the U.S. dollar after the European Central Bank boosted asset purchases on Thursday. Having telegraphed its plans to ease as far back as October, today’s...

Thursday’s European Central Bank monetary policy announcement is the most important event risk this week. The ECB is widely expected to ease monetary policy, making it one of the few...

For the past few weeks, anti-dollar flows have been the driving force for currencies. The sell-off in the U.S. dollar drove euro, sterling, Swiss Franc, Australian, New Zealand and Canadian...

The pound sterling plunged 1.3% at 5 AM EST Monday, wiping out the gains it took 12 sessions to muster. This is the British currency's worst tumble in nearly three months, since the 1.5% drop on Sept....

One of the most important pieces of data this week was November nonfarm payrolls. The softer release should have sent the U.S. dollar tumbling lower but instead the greenback ended the day sharply...

This article was written exclusively for Investing.comThe US dollar will be tested again today with the release of US nonfarm payrolls report and the USD/CAD will be among the most interesting dollar...

The U.S. Dollar Index plummeted to a 2.5-year low on Monday as investors worry about rising virus cases, fresh lockdowns, holiday spending and the Federal Reserve. With U.S. virus cases topping 4...

The article was written exclusively for Investing.comThe GBP/CHF might not be everyone’s cup of tea, but THIS cup and handle formation certainly makes it a market for bullish speculators to...

The US dollar extended its slide against all of the major currencies on Friday despite the recovery in stocks. As we’ve often said, currency traders are generally more cautious than...

This article was written exclusively for Investing.comThis week’s star performer in FX, the Turkish lira, continued to push higher on Friday, as it extended its gains to more than 10% against...

Pharmaceutical companies are making meaningful progress towards developing a successful vaccine but according to the markets, its just not fast enough. If we are lucky, a vaccine will be...

The US dollar traded sharply higher against all of the major currencies on Monday after Pfizer (NYSE:PFE) said their COVID-19 vaccine is 90% effective in preventing the virus. While Pfizer’s...

November kicks off with one of the most closely watched elections in US history, widespread COVID-19 lockdowns in Europe, three central bank monetary policy announcements and labor market reports from...

Most of the major currencies traded lower against the U.S. dollar Friday as the Dow Jones Industrial Average tumbled more than 300 points. At one stage, stocks were down over 500 points but came off...