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Daily Currency Updates

A round up of the latest daily currency updates from the Currency News desk.

Taiwan Dollar Stabilises vs Dollar After Historic 10% Gains

8 May 2025 at 1 PM - Written by Frank Davies

STORY LINK Taiwan Dollar Stabilises vs Dollar After Historic 10% Gains

After a dramatic surge of 10% on Friday and Monday, the Taiwan central bank has managed to stabilise the Taiwan dollar. There are still important underlying tensions surrounding Taiwan and other Asian currencies which will have important global consequences while 1-month volatility remains at historic highs. The Dollar to Taiwan...

CATEGORIES: Daily Currency Updates

Taiwan Dollar SURGES vs Dollar in Strongest Daily TWD Advance on Record

2 May 2025 at 12 PM - Written by Tim Boyer

STORY LINK Taiwan Dollar SURGES vs Dollar in Strongest Daily TWD Advance on Record

The Taiwan Dollar surged to a 15-month high on Friday with the currency securing a daily gain of 3.8%, the largest advance on record. The Dollar to Taiwan dollar (USD/TWD) exchange rate slumped to 30.40 from 32.10. The move was magnified by local markets being closed on Thursday. According to Barclays; “Despite the leg lower...

CATEGORIES: Daily Currency Updates

Foreign Exchange: Currencies Consolidate Ahead of Five Major Central Bank Meetings

18 Mar 2025 at 4 PM - Written by Tim Boyer

STORY LINK Foreign Exchange: Currencies Consolidate Ahead of Five Major Central Bank Meetings

Stocks continue to swing wildly up and down, but currencies are stable ahead of five central bank meetings. All central banks are expected to keep rates unchanged. However, there will be plenty else to monitor and the pound also has the UK Jobs Report and the Spring Budget to factor in. Stock markets have remained volatile...

CATEGORIES: Daily Currency Updates

Euro to Dollar Rate Still Eyeing the 1.10 level

21 Dec 2023 at 7 AM - Written by Tim Boyer

STORY LINK Euro to Dollar Rate Still Eyeing the 1.10 level

The US Dollar (USD) posted gains against the Euro (EUR) ahead of Wednesday's New York open and again after the stronger-than-expected US consumer confidence data. The US currency, however, failed to hold the gains as markets continue to back an early interest rate cut by the Federal Reserve. The Euro to Dollar (EUR/USD) exchange...

CATEGORIES: Daily Currency Updates Euro Dollar Forecasts

Pound to Euro Rate Today: GBP Sides as Markets Forecast May Rate Cut

20 Dec 2023 at 5 PM - Written by Tim Boyer

STORY LINK Pound to Euro Rate Today: GBP Sides as Markets Forecast May Rate Cut

The Pound (GBP) posted sharp losses after weaker-than-expected UK inflation data. Following the data, markets priced in more aggressive Bank of England interest rate cuts while bond yields declined. The Pound-to-Euro (GBP/EUR) exchange rate retreated to 3-week lows just below 1.1540 before settling around 1.1550. Lower yields will...

CATEGORIES: Daily Currency Updates Pound Euro Forecasts

Pound to Euro Rate Today: Consolidation Ahead of UK Wages Data

12 Dec 2023 at 7 AM - Written by John Cameron

STORY LINK Pound to Euro Rate Today: Consolidation Ahead of UK Wages Data

The Pound Euro exchange rate was unable to make headway on Friday, but did find support below the 1.1650 level and consolidated around 1.1665 on Monday as relatively narrow ranges prevailed. GBP/EUR hit 3-month highs last week, but was unable to break above 1.1700 on three separate occasions which helped trigger a limited...

CATEGORIES: Daily Currency Updates Pound Euro Forecasts

Euro-Dollar Slides to Near 1.08 on ECB Rate-Cut Speculation and Gold Reversal

5 Dec 2023 at 8 AM - Written by Ben Hughes

STORY LINK Euro-Dollar Slides to Near 1.08 on ECB Rate-Cut Speculation and Gold Reversal

Markets remain convinced that US and ECB interest rates will not be increased further, especially with evidence of weakening inflation pressures. Markets are also confident that both central banks will cut interest rates next year. After jumping in Asia, gold posted sharp losses during the day which underpinned the dollar and the...

CATEGORIES: Daily Currency Updates Euro Dollar Forecasts

Euro-Dollar Unable to Hold Above 1.10, Slide in Euro-Zone Inflation Deters Further Buying

29 Nov 2023 at 5 PM - Written by James Fuller

STORY LINK Euro-Dollar Unable to Hold Above 1.10, Slide in Euro-Zone Inflation Deters Further Buying

The US Dollar (USD) was subjected to sharp selling against the Euro (EUR) on Tuesday following a more dovish speech from Federal Reserve Governor Waller. The Euro to Dollar (EUR/USD) exchange rate broke above the 1.1000 level with 3-month highs at 1.1018 before a retreat to 1.0975 on Wednesday amid weaker-than-expected Euro-Zone...

CATEGORIES: Daily Currency Updates Euro Dollar Forecasts

Pound to Euro Rate: Tipped to 1.1630 on Break Above 1.1550, say ING

27 Nov 2023 at 4 PM - Written by Ben Hughes

STORY LINK Pound to Euro Rate: Tipped to 1.1630 on Break Above 1.1550, say ING

The Pound to Euro exchange rate (GBP/EUR) has made headway on Monday and posted a 3-week high just above the 1.1540 level. Marke expectations surrounding potential Bank of England (BoE) rate cuts have been scaled back slightly in absolute terms and compared with the ECB which has underpinned the Pound. There is still an important...

CATEGORIES: Daily Currency Updates Pound Euro Forecasts

Euro to Dollar Week Ahead Forecast: Three-Month Best as USD Pressured

21 Nov 2023 at 6 AM - Written by Frank Davies

STORY LINK Euro to Dollar Week Ahead Forecast: Three-Month Best as USD Pressured

The Euro to Dollar (EUR/USD) exchange rate has posted a three-month best just below 1.0950 as the dollar continued to lose ground and the Euro also received a positive surprise on the Italian credit rating. Danske Bank expects EUR/USD to test the 1.1000 level on a short-term view. According to Danske; “In the near-term, we still...

CATEGORIES: Daily Currency Updates Euro Dollar Forecasts

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