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 Euro's 4-day long rally took a temporary breather before momentum turned positive once again as markets focus on the latest data from the US and news of the trade talks between China and the United States
Perhaps U.S. President Donald Trump was trying to deflect attention from his own political and potential legal troubles when he announced another round of aggressive tariffs- this time a 25 percent tariff on “every car from the European Union.”
With the US Dollar under pressure after President Trump made disparaging comments about the Federal Reserve, the Pound Sterling was able to eke out some gains and eventually approach a 2-week high.
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U.S. President Donald Trump has never been one to mince words and his latest comments were the latest to shake the markets.
The Pound Sterling slid against the US Dollar on Monday as investors' focus shifted to the upcoming Brexit talks.
Asian markets opened mostly higher on Monday morning with optimism about the upcoming U.S.-Sino trade talks buoying markets.
This week will see an even lighter last week, with central bank input due from the U.S. FOMC and the RBA.
Asian markets tilted upwards on Friday morning in an effort to end the week higher after a week of choppy trading.
Markets reacted positively to an announcement on Thursday that there will be a fresh round of trade talks taking place between the U.S. and China before the end of the month.
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U.S. stock indexes fell on Wednesday, pressured by continued trade tensions and a downbeat earnings report.
China said it complained about raising US tariffs on solar panels to the World Trade Organization (WTO) in Geneva, adding to the escalating conflicts with US President Donald Trump on trade and technology.
Turkey announced on Wednesday it was working to increase tariffs on imports of some US products, which led to escalating dispute with the United States, provoking the Turkish currency to record a new historic low.
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Gold prices were stuck near 18-month lows on Tuesday morning after the U.S. dollar hit a 13-month high on Monday.
Global stocks indexes hit fresh lows on Monday as traders dumped equities and shed emerging market shares in favor of safer assets including the government bonds and the U.S. dollar.