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 Swiss National Bank decided to leave the cash rate unchanged at -0.75 percent, leaving the 3-Month Libor Target Range unchanged between -1.25% to -0.25%.
The U.S. dollar hit fresh highs against the Australian and New Zealand dollars on Thursday as traders sought cash due to continued coronavirus panic.
Panic selling by FX trades sent high-risk currencies tumbling to multi-year lows during London trade on Thursday.
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On Wednesday the price of Brent crude fell to $26.01 per barrel its lowest level since September 2003.
Here is a recap of important news items and market movements from across the globe on Thursday, March 19, 2020:
The US Dollar was able to keep most of the gains its made overnight though worries over the Coronavirus pandemic have kept market players on edge.
Japanese exports fell for the 15th consecutive month in February, as shipments to the United States and China contracted.
The United States has enjoyed historically low unemployment rates in recent years, but Treasury Secretary Steven Mnuchin warned Republican senators
Analysts say that the Japanese Yen as a safe haven asset could move lower on signs that global policymakers are prepared to proactively provide economic support.
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The United Kingdom's Office for Budget Responsibility, Charlie Bean said on Tuesday that he doesn't think that a cash rate cut would aid Britain's economy in the short run
In an unprecedented step, global central banks, led by the US Federal Reserve, decided on Sunday to provide monetary incentives to the global economy by enhancing liquidity amid the collapse of global financial markets due to the spread of the Coronavirus.
With millions of people of people forced to stay home around the world, mental depression has a good chance of sneaking its way into the global psyche.
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The Federal Reserve's surprise rate cut on Sunday helped to provide the Pound Sterling with a lift during Monday trade in London,
During an emergency meeting, the Bank of Japan decided to ease its monetary policy, as they announced their intention to buy exchange-traded funds "aggressively"
The U.S. dollar fell by 1.5 percent against the Japanese yen during early trade in Asia on Monday as the markets reacted to the Federal Reserve’s emergency interest rate cut