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

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...

Inflation in the euro area fell to 2.44% year-on-year in March, with price growth in the services sector slowing to 4%. Core inflation also declined due to a sharp slowdown...

Canada's GDP increased 0.6% in January, the strongest growth since January 2023, preliminary estimate of February GDP points to a growth of 0.4%, first quarter economic activity is tracking...

The Bank of Japan published a full set of data on the March Tankan index on April 2, a review important in terms of assessing the outlook for inflation...

The updated UK GDP data for quarter 4 2023 turned out to be worse than the preliminary figures, as the economy fell by 0.3%. This marks the second consecutive decline...

The US ISM Manufacturing PMI increased to 50.3 in March, a reading that was well above expectations, as economic activity picked up after 16 months of contraction. Positive trends emerged...