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Latest Currency News

GBP/CAD: Loonie is Bearish Ahead of Terrifying Employment Data

GBP/CAD is extending gains on Thursday, after managing to end the bearish mood yesterday. Currently, the pair is trading at 1.7455, up 0.59% as of 10:40 AM UTC. The sterling has managed to keep momentum even though oil prices have been increasing on hopes that the OPEC+ alliance is about to agree on production cuts later […]

USD/INR: Indian Rupee Hits Record Low vs USD

The Indian Rupee fell to e record low versus the US Dollar on Thursday, before recovering. The Indian Rupee opened of 76.00=9 on the open market, before falling to a record low of 76.55 versus the US Dollar. At 11:15 UTC, the Indian Rupee had recovered some ground and was trading at 76.28. Indian GDP […]

USD/PKR: Rupee Slips Despite IMF Confirming $1.4 Billion Emergency Funding

The Pakistani Rupee is weakening versus the US Dollar for a third straight session on Thursday. At 10:15 UTC, USD/PKR was trading at 167.75 on the open market after closing the previous session at 167.25. The pair is trading at the upper end of the daily range of 166.95 – 167.75. Can IMF Funding Underpin […]

USD/HUF: Forint Advances Despite Consumer Confidence Plunging

The Forint is strengthening against a slightly weaker US Dollar on Thursday, recouping some of its losses from the previous session. On Wednesday, the US Dollar Hungarian Forint exchange rate closed 0.4% higher at 330.35. Today at 09:15 UTC, USD/HUF is trading -0.3% at 328.44. This is at the lower end of its daily range […]

EUR/USD: Holding Steady Ahead Of Eurogroup Meeting & US Jobless Claims

The Euro is edging higher versus the US Dollar in early trade on Thursday, as investors look cautiously ahead to the Eurogroup of finance ministers meeting and ahead of US jobless claims data. At 08:15 UTC, EUR/USD is trading +0.1% higher at US$1.0870, as it attempts to recoup some of the losses from the previous […]

GBP/AUD Eying Recovery, UK GDP Data Might Damage Hopes

GBP/AUD is slightly bullish in early trading on Thursday, but the pair might continue a downtrend that started last Friday. Currently, one British pound buys 1.9887 Australian dollars, down 0.07% as of 7:10 AM UTC. The pair lost over 2.80% during the previous four sessions. UK Economy Only Rose 0.1% in Three Months to February […]

GBP/USD: Pound Drops As Lock Down To Continue. US Jobless Claims In Focus

The Pound is edging lower versus US Dollar on Thursday. The Pound versus US Dollar exchange rate settled on Wednesday 0.4% higher at US$1.2387, adding to Tuesday’s 0.9% rally. At 07:30 UTC, GBP/USD is down -0.1% at $1.2370 as Pound traders mull over the prospect of an extended lock down and ahead of US initial […]

GBP/INR: Rupee Slips as Indian Economy Faces “Catastrophic Consequences”

GBP/INR continues the bullish mood, even though the sterling is losing ground against majors. Currently, the pair is trading at 94.572, up 0.57% as of 6:15 AM UTC. This is the third bullish session in a row. The rupee is declining as the markets are realizing the massive impact of the COVID-19 pandemic and the […]

GBP/SEK: Swedish Krona Stable vs Pound As UK Faces Extended Lock Down

The Swedish Krona is holding steady versus the Pound in early trade on Thursday. The Pound Swedish Krona exchange rate surged in the previous session as Prime Minister Boris Johnson’s health showed signs of improving. The pair closed Wednesday’s session 0.7% higher at 12.4477. Today at 06:45 UTC, GBP/SEK is trading -0.05% at 12.4750 as […]

GBP/EUR: Pound Dips As UK Deaths Jump & Lock Down Extension Eyed

The Pound is slipping versus the Euro in early trade on Thursday. The tick lower comes after sterling jumped higher on Wednesday on new that Boris Johnson’s condition was improving. The Pound versus Euro exchange rate closed the previous session up +0.7% at €1.1408 after having struck its highest level in a week. At 06:30 […]