The following Forex news reports are the latest developments of the Forex market. The news reports are updated frequently and include all the events that affect the foreign exchange trading industry.
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The Pound Sterling remained close to a 2-month trough versus both the greenback and the Euro during London trade on Monday.
The European Central Bank’s Chief Economist, Philip Lane said that it's unlikely that the economy will come back to its pre-crisis level before 2021.
Oil prices touched higher than $30 per barrel for the first time since March as oil producers in the United States and other countries continued to reduce production efforts.
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Market updates for May 18: Gold makes a new 7-year high at $1762; stock markets recover; British Pound is weak.
New Zealand reported a collapse in its business PMI, but as the nationwide lockdown was eased, next month’s data is in focus.
Despite dismal US data, the US Dollar was broadly higher in Asian trade, remaining close to a recently struck 3-week peak.
A stronger US Dollar and dismal economic data out of the UK helped to push the GBP/USD pair to below the $1.22 level in London trading.
Japan is expected to lift the state of emergency in 39 prefectures, according to an announcement the Prime Minister Shinzo Abe delivered
Speaking after the Federal Open Market Committee (FOMC) on Wednesday, Federal Reserve Chair Jerome Powell dashed any trader expectations that the central bank would bring interest rates
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Stocks continue to decline; Yen and Dollar rise as Fed rules out negative rates, gold and oil consolidate
According to data released by the Office for National Statistics the United Kingdom's GDP just had its largest monthly contraction since 1997,
The Pound Sterling was able to gain positive momentum during London trade on Wednesday but analysts point out that it remains vulnerable
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The Pound Sterling edged higher against the US Dollar in London trading but was lower against its European rival as Britain awaited announcements
The UK government is setting out the details on how to make workplaces safer now that the economy is reopening.