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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Oil prices were higher on Tuesday, bolstered by a drop in exports from Iraq, OPEC’s second-biggest producer, and an anticipated decline in U.S. commercial oil stocks.
The Pound Sterling fell versus the US Dollar during Monday trade in London as concerns over a division within the Conservative Party grows.
Japanese Prime Minister Shinzo Abe secured a two-thirds ‘super majority’ on Sunday, claiming 312 out of 465 possible seats.
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This week will see a somewhat heavier news agenda than last week, with the key economic data input coming from the U.S.A., Europe, and Canada. There is Central Bank input due from the European Central Bank and the Bank of Canada only.
Among Asian currencies, the New Zealand Dollar, commonly called the Kiwi Dollar, was among the biggest movers today.
The Euro hit a 3-day peak today as investors eye next week’s policy meeting of the European Central Bank.
The U.S. dollar hit a two-week peak against the yen on Thursday morning after a rise in U.S. bond yields on Wednesday.
The Pound Sterling initially ticked higher but soon after fell to a 6-day trough after the latest economic data on the UK economy showed wage growth still slow and lagging UK inflation.
Oil prices were higher on Wednesday morning, powered by a decline in I.S. crude inventories and continued worries about political tensions in Iraq and Iran.
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Dave Ramsden, the new deputy governor of the Bank of England said that he was not in support of voting for an interest rate hike, calling into question when the BoE will implement its first interest rate hike in over ten years.
peculation that U.S. President Donald Trump will appoint a hawkish head of the Federal Reserve when current Chair Janet Yellen’s term expires kept the dollar steady on Tuesday morning.
The British pound headed higher on Monday despite Prime Minister Theresa May’s struggles with Brexit policy that has been plaguing the currency of late.
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This week will see relatively thin news agenda like last week, with the key economic data due input coming from the United Kingdom and China.
The US Dollar is struggling in Asian trade, and is poised to record a loss for the week ahead of today’s release of US inflation data.