Foreign exchange news

Here are some recent foreign exchange news and updates:

Market Analysis

• The US dollar weakened against major currencies on Friday, with the euro and pound rising against the greenback. The dollar index, which measures the currency's value against a basket of six major currencies, fell 0.4% to 92.34. (Source: Reuters)
• The Japanese yen strengthened against the US dollar, with the USD/JPY pair falling to a one-week low of 110.45. The yen's gains were driven by a decline in US Treasury yields and a rise in Japanese government bond yields. (Source: Bloomberg)

Economic Data

• The UK's Office for National Statistics (ONS) reported that the country's trade deficit widened to £13.3 billion in January, up from £12.2 billion in December. The data was weaker than expected, and the pound fell against the dollar and euro. (Source: BBC)
• The US Commerce Department reported that the country's trade deficit narrowed to $68.2 billion in January, down from $71.1 billion in December. The data was stronger than expected, and the dollar rose against the euro and yen. (Source: CNBC)

Central Bank News

• The European Central Bank (ECB) left interest rates unchanged at its latest policy meeting, but signaled that it may cut rates again in the future. The ECB also announced that it would restart its asset purchase program in the second half of the year. (Source: Financial Times)
• The Bank of England (BoE) left interest rates unchanged at its latest policy meeting, but warned that the UK's economy was facing significant risks from Brexit and the global trade war. The BoE also cut its growth forecast for the UK economy. (Source: The Guardian)

Currency Pairs

• The EUR/USD pair rose to a one-week high of 1.1345 on Friday, driven by a decline in US Treasury yields and a rise in eurozone economic sentiment. (Source: MarketWatch)
• The USD/CAD pair fell to a one-week low of 1.3235 on Friday, driven by a decline in US Treasury yields and a rise in Canadian economic sentiment. (Source: Bloomberg)

Forex Trading

• The US dollar was the weakest major currency on Friday, with the dollar index falling 0.4% to 92.34. The euro and pound were the strongest major currencies, with the EUR/USD pair rising 0.4% to 1.1345 and the GBP/USD pair rising 0.3% to 1.3125. (Source: Reuters)
• The Japanese yen was the strongest major currency on Friday, with the USD/JPY pair falling 0.5% to 110.45. The yen's gains were driven by a decline in US Treasury yields and a rise in Japanese government bond yields. (Source: Bloomberg)