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 Pound Sterling regained yesterday's losses against the US Dollar and recovered from the 6-month trough as the FX market stabilized in the wake of the Italian political drama.
Wall Street indexes saw their steepest one-day declines in a month on Tuesday as traders expressed concerns about Italy’s political turmoil by withdrawing from the market.
The Pound Sterling struck a 6-month trough versus the US Dollar during Tuesday trading in London and was steady against the common currency Euro.
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The euro held near 6 ½-month lows on Tuesday as the prospect of early elections remained.
The common currency Euro had earlier surged against the US Dollar on Monday and is poised to record its largest 1-day rise versus the Swiss Franc on what analysts are calling a relief rally
Oil prices were lower on Monday after falling steeply in the previous session, pressured by a potential easing in the production cuts enforced by OPEC in the past year.
This week will see a somewhat heavier news agenda compared to last week
Oil prices plummeted over $2 per barrel on Friday after Saudi Arabia and Russia discussed the possibility of reducing OPEC’s production
The Japanese Yen moved away from the recently struck 2-week peak against the US Dollar when the North Korean government said it was still amenable to settling issues with the US even after President Trump called off June's scheduled summit with Kim Jong Un.
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The Pound Sterling edged higher against the US Dollar after a surprising bit of upbeat data helped to lift it from the doldrums.
The dollar lost steam on Thursday after the release of the Federal Reserve’s last policy meeting took a dovish tone.
The Pound Sterling hit a fresh low for this year today after a disappointing reading of personal inflation results.
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The Pound Sterling hit a 1-week peak against the Euro after a brief rally which occurred after an official of the Bank of England commented on the outlook for monetary policy changes, specifically as they relate to interest rate hikes.
Oil prices surged higher on Tuesday, boosted by geopolitical concerns in Venezuela and the possibility that the United States could sanction the struggling country.