Foreign exchange news today
Here are the latest foreign exchange news and updates:
Major Currency Pairs:
- EUR/USD: The euro weakened against the US dollar, falling 0.2% to 1.1235, as investors awaited the European Central Bank's (ECB) monetary policy decision later today.
- USD/JPY: The US dollar rose against the Japanese yen, gaining 0.3% to 110.45, as investors sought safe-haven assets amid growing concerns over the global economy.
- GBP/USD: The British pound fell 0.4% to 1.3045, as investors remained cautious ahead of the UK's Brexit deadline and the Bank of England's (BoE) monetary policy decision.
Commodity Currencies:
- AUD/USD: The Australian dollar fell 0.5% to 0.6855, as investors sold the currency amid concerns over the country's economic growth and the impact of the COVID-19 pandemic.
- CAD/USD: The Canadian dollar weakened 0.3% to 1.3425, as investors sold the currency amid concerns over the country's economic growth and the impact of the COVID-19 pandemic.
Emerging Market Currencies:
- MXN/USD: The Mexican peso fell 0.5% to 20.35, as investors sold the currency amid concerns over the country's economic growth and the impact of the COVID-19 pandemic.
- ZAR/USD: The South African rand fell 0.4% to 15.35, as investors sold the currency amid concerns over the country's economic growth and the impact of the COVID-19 pandemic.
Economic Data:
- US GDP: The US economy grew at an annualized rate of 2.1% in the fourth quarter, slightly below expectations.
- UK GDP: The UK economy grew at an annualized rate of 1.4% in the fourth quarter, slightly above expectations.
- Eurozone GDP: The eurozone economy grew at an annualized rate of 1.2% in the fourth quarter, slightly above expectations.
Central Bank Decisions:
- ECB: The European Central Bank is expected to keep interest rates unchanged at its monetary policy meeting today.
- BoE: The Bank of England is expected to keep interest rates unchanged at its monetary policy meeting today.
Market Sentiment:
- The US dollar index rose 0.2% to 98.45, as investors sought safe-haven assets amid growing concerns over the global economy.
- The VIX index, a measure of market volatility, rose 1.2% to 18.45, as investors became more cautious.
Please note that these are just some of the latest foreign exchange news and updates, and the market is constantly changing. It's always a good idea to stay up-to-date with the latest news and analysis to make informed investment decisions.