Tag Archives: Forex News

Forex News

Dollar at intraday yen high after data, at ¥103.56

The dollar held steady against other global currencies

People’s Bank of China announced that the yuan-dollar daily trading band would be widened to 2% on either side, from 1%. China last widened the band to 1%, from 0.5% in April 2012, and to 0.5% from 0.3% in May 2007.

Euro above $1.39 after Empire State data

US Industrial production climbed 0.6% month over month in February

The euro hit two-and-a-half year highs against the dollar on Wednesday after a key European Central Bank official downplayed deflationary threats.

Scandal in FX trading has led to a more careful approach just as central banks are at their most inactive, leaving little volatility between major currency pairs