FX.co ★ Daily Forex Analytics. Forecast of the currency exchange rate for today

The yen was able to strengthen against the dollar after the Bank of Japan published a Summary of Opinions from its monetary policy meeting on April...

Australia's NAB business confidence index held steady at 1 in April 2024, while its index of business conditions fell 2 points to +7. All three components used in the calculations...

The euro continues its bullish correction for the fourth consecutive week, but there is uncertainty regarding the sustainability of this movement. In the absence of economic news, the euro...

Apparently, the Japanese authorities did conduct a currency intervention on April 29th. The USD/JPY pair came close to the 160 mark, after which it quickly fell to 154.50. A weak...

The net long USD position increased by 7.2 billion to 32.6 billion over the reporting week. Speculative investors are actively buying the dollar, as they increasingly believe that...

The Bank of Japan will hold its meeting on Friday, and the central bank is widely expected to leave its benchmark interest rate unchanged. Along with the decision, updated forecasts...

The net long USD position increased by $7.8 billion to $25.5 billion over the reporting week, hitting a 5-year high. Speculative positioning remains firmly bearish, with no signs of slowing...

The absence of significant macroeconomic reports from Australia suggests that the Australian dollar will keep trading in sync with the market, primarily reacting to the news from the United States...

The UK economy is recovering from a mild recession in 2023. According to NIESR, UK GDP grew by 0.1% in February, driven by increased production volumes, particularly in the manufacturing...

The net long dollar position increased by another $2.4 billion over the reporting week, totaling $16.1 billion, showing confidently bullish positioning. The dollar gained mainly against the euro...