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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Last week U.S. President Donald Trump committed to imposing fresh tariffs on $50 billion of Chinese goods.
Ahead of the Bank of England's next policy meeting which will begin on Wednesday and conclude on Thursday, FX traders appear wary of keeping the Pound Sterling propped up.
Washington’s announcement on Friday to implement tariffs on $50 billion of Chinese goods has continued to pressure markets and worry investors.
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This week will see a lighter news agenda than last week, with central bank input due from the Bank of England, The Swiss National Bank, and the Reserve Bank of Australia, plus major economic data releases primarily concerning the Canadian and New Zealand Dollars.
The Euro is poised to record its worst weekly decline in 19 months after the European Central Bank's latest statement.
The Pound Sterling climbed to a 50day peak during London trading today after an unexpectedly upbeat retail sales figure was released.
The U.S. Federal Reserve raised its benchmark short-term interest rate on Wednesday for the second time this year and hinted that two more rate hikes could be forthcoming.
The Pound Sterling retreated and recorded a 1-week trough today after the release of inflation data which missed analysts' forecasts.
Asian stock indexes were broadly lower on Wednesday as traders braced themselves for the upcoming announcement from the U.S. Federal Reserve later in the day.
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Following reports that the South Korean Coinrail cryptocurrency exchange had been hacked over the weekend, bitcoin prices fell nearly 10 percent, and they continued their decline into Wednesday
The oil markets were conflicted with US crude oil firmer on doubts whether OPEC would increase supply at the next meeting.
Next week OPEC (the Organization of the Petroleum Exporting Countries) is scheduled to announce whether it will agree on an increase in crude output, a move that could open the world up to greater price hikes due to supply disruption.
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Sign up to get the latest market updates and free signals directly to your inbox.The US Dollar gave back earlier gains after FX traders assessed the summit between the US and North Korea and determined that no concrete measures would be forthcoming.
The U.S. dollar hit a three-week high against the yen on Tuesday after U.S. President Donald Trump announced that he had forged a “good relationship” with Kim Jong Un, North Korea’s leader
The Pound Sterling was unable to maintain the momentum it held in the hours before the release of key economic data.