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 Turkish lira plummeted over the weekend, hitting a record low of 7.06 lira to the dollar in early Asian trade.
This week will see a lighter news agenda compared to last week, with central bank input due from the Reserve Banks of Australia and New Zealand.
The US Dollar Index fell just shy of a 13-month peak in Asian trading on Friday. The Index, which FX traders use to gauge the greenback's relative strength, was just off a 13-month peak at 95.652 .DXY.
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The Pound has finally recovered after being under heavy sell pressure; the currency had earlier approached a 1-year trough versus the US Dollar on the backs of increasingly jittery investors who worry about Britain's economic and trading future.
Uncertainty and worry over escalating trade tensions sent the safe haven Japanese Yen broadly higher during Asian trade.
Brexit fears continue to wreak havoc on the Pound Sterling which today fell to a 11-month trough on investor concerns.
The US Dollar could not maintain momentum against some of its rivals and was broadly lower a a result.
In the wake of a Pound sell off, the British currency managed to recover and steady despite major concerns over the looming Brexit.
The Pound remained on the back foot during the Asian trading session after striking an 11-month trough against the greenback on Monday.
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FX traders are becoming increasingly concerned over the likelihood that the UK government will not have been able to work out a Brexit plan when the time comes for Britain to leave the European Union next year.
Canadian manufacturing and exporting industries were under fire on Sunday, feeling the heat from both the United States and Saudi Arabia.
This week will see a lighter news agenda compared to last week, with central bank input due from the Reserve Banks of Australia and New Zealand.
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Wary FX traders have continued to second guess the Bank of England's outlook in the hours before the monetary policy decision is announced.
Oil prices were higher on Thursday morning in Asia in an effort to reverse some of the losses they’ve seen over the past few days of heavy selloffs.