Currency Forecast

After its economy slumped by 20.4% during the second quarter, some have been calling the UK “the sick man of Europe.” Indeed, it's the worst contraction on record for Britain, putting it...

In 2017 we wrote a series of posts after China announced it was launching a yuan-based oil futures market. At that time we said the effort was as much about the renminbi competing with the US dollar's...

This article was written exclusively for Investing.comThe USD/CAD continues to trend lower amid widespread weakness for the greenback and as ongoing “risk-on” sentiment boosts commodity...

For the greenback, Friday’s U.S. retail sales and University of Michigan consumer sentiment index are the most important economic reports on this week’s calendar. Investors have been...

Currencies and equities traded higher on the back of better-than-expected economic data and reports from Russia that it has won the global vaccine race. While Russia announced the world’s...

This new trading week kicked off with fresh gains for equities but a rally in stocks failed to translate into strength for currencies. The Dow Jones Industrial Average moved higher for the...

The U.S. dollar traded lower against all of the major currencies Wednesday, a sign that FX traders are worried about Friday’s nonfarm payrolls report. With ADP (NASDAQ:ADP) reporting...

The U.S. dollar resumed its slide on Tuesday in what may turn out to be a very short-lived recovery. There were no U.S. economic reports on the calendar, but 10-year Treasury yields resumed their...

It's certainly interesting times for market participants. Multiple, unprecedented phenomena have recently become reality. Consider a few themes: negative or near-zero interest rates;...

July was a very difficult month for the U.S. dollar. The greenback sold off sharply against all of the major currencies, hitting multi-month or multi-year lows in the process. In one month, it...

This article was written exclusively for Investing.comThe EUR/USD extended its gains first thing this morning as investors digested early European data which showed, among other things,...

It has been a quiet day for USD/CAD, as we wrap up the trading week. The pair is currently trading at 1.3423, up 0.01%. On the release front, Canada’s GDP for May climbed 4.5%, beating...

Currencies and equities traded lower on the back of the biggest quarterly drop in U.S. GDP ever. The U.S. economy contracted 32.9% on an annualized basis in the second quarter. Americans have never...

For the past week, investors have been selling U.S. dollars and, unfortunately, today at the July Federal Reserve monetary policy announcement, Jerome Powell’s team failed to shift the...