Category Archives: Daily Forex News
. By: DailyForex.com In its fourth cut since the beginning of the year, India's central bank cut interest rates by a more-than-expected 50 basis points. The Reserve Bank of India reduced its key repo rate to 6.75%, more than market
By: DailyForex.com European shares rose on Friday with the pan-European FTSEurofirst 300 index, which had fallen 2.1 percent on Thursday, climbing back up 2.2 percent in early trading. The euro zone's blue-chip Euro STOXX 50 index also advanced 2 percent.
By: DailyForex.com Janet Yellen set the ball rolling again. In a speech at the end of the market day at the University of Massachusetts, the Federal Reserve chair said that an interest-rate hike would probably be appropriate "sometime later this
By: DailyForex.com The Norwegian central bank surprised markets with a rate cut earlier today in an effort to jumpstart growth there. With oil exports as a key industry in the Scandinavian country, Norway’s economy has been feeling the pinch of
By: DailyForex.com Though China’s dismal PMI readings made headlines across markets, PMI data is coming out elsewhere in the world and impacting currency markets. In the Eurozone, for example, PMI readings for France and Germany were, respectively, upbeat and disappointing.
By: DailyForex.com World markets started off the week mixed. Wall Street rebounded somewhat and Asian markets advanced slightly. The Dow Jones Industrial Average and S&P 500 closed up 0.8 and 0.5 percent respectively, recovering part of their Friday sell-off. The
By: DailyForex.com As the divergence among the world’s central banks has been halted, at least for the time being, the beneficiary is the US Dollar. The greenback recovered lost ground after last week’s fall when Federal Reserve Bank announced it
By: DailyForex.com The Fed failed to raise interest rates at its last meeting and the outlook for a future hike by the end of this year seems dim as well. The Fed decision to keep interest rates at zero percent
By: DailyForex.com Even as the world’s financial markets await a policy decision from the US Federal Reserve Bank, arguably the most important central bank on the globe, other central banks continue to grind on. Earlier today, the Swiss National Bank