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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Until the Brexit is a “done deal in March 2019,” FX traders will have little choice but to ride a wave of uncertainty.
OPEC and its allies have expressed serious concerns about global oversupply, prompting Saudi Arabia to announce a supply cut next month.
This week is likely to see a little less activity compared to last week, with no real central bank input due for any major currencies.
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The US Dollar earlier saw positive momentum against its rivals during Asian trade on Friday.
The US Dollar pulled away from Wednesday's 2 ½ week trough on the backs of a collective sigh of relief that the US midterms are finally over.
The United States assumed the position of the world’s top crude producer when its production hit 11.6 million barrels per day, which it did last week, according to a report released by the Energy Information Administration (EIA) yesterday.
The US Dollar was broadly lower after the US mid-term elections which suggested that FX players expect the Trump administration to face some strong headwinds
With the U.S. election results rolling in, analysts and traders have been quick to react, and to consider what will come next.
Despite earlier hopes that the UK government was on its way to securing an agreement to ensure a soft Brexit, the latest noise suggests that that may not be the case at all.
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The midterm elections that are slated to be held in the United States today will have dramatic ramifications on the country’s politics, as well as on the global markets.
The Pound Sterling moved higher against the US Dollar after a report in the UK Sunday Times said that the British government was close to striking a Brexit deal
Oil and financial sanctions proposed by the United States against Iran will go into effect today, adding to the pressure on the Iranian regime to reduce its missile developments and nuclear program.
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Earlier in the Asian session, the Australian Dollar had edged higher relative to its US counterpart after optimism
The Pound rallied against the US Dollar by more than 1% after one official from the British government said that they were very close to signing off