Forex News

US dollar weaker on disappointing inflation data

The Us dollar lost ground against the British pound Friday on disappointing US inflation data. Although inflation moved higher at the fastest pace in 8 months, rising energy costs were the main driver, suggesting a broader inflationary pickup is still...

US dollar slips, stocks gain on Fed Minutes

The US dollar lost ground while US stocks rose following the minutes of the Fed's September meeting. Stocks gained on confirmation of a December rate hike, provided the outlook remains broadly unchanged. However, the dollar lost ground on concerns the...

British pound attracts buyer interest on solid UK data

British pound rises on stronger than expected UK industrial production and construction output data. Evidence of better economic performance over the summer should allay fears over growth, supportive of the first rate hike in over a decade.

UK manufacturing PMI disappointment weighs on British pound

British pound lost ground Monday on disappointing UK September manufacturing PMI. The survey showed the sector expanded but at a slower rate than i august while manufacturers paid higher prices for imported materials to create their goods.

Euro loses ground on German coalition talk concerns

The euro lost ground Tuesday as ongoing German coalition talks underscores concerns German Chancellor Merkel may not be so supportive of closer euro zone financial ties as she was previously.

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