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 inched higher against a lackluster US Dollar despite uncertainty over the Brexit negotiations.
The Canadian Dollar, known to FX traders as the Loonie, inched higher to a 1-week peak after the latest minutes from the Federal Reserve Bank weighed on the US Dollar.
The rise is generally attributed to a surge of relief felt now that there appears to be a halt to Catalonia’s quest for independence from Spain.
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Oil prices were higher on Wednesday, extending Tuesday’s 2 percent gains on expectations that markets are finally tightening after struggling with oversupply for the past few years.
The common currency edged up to a 1-week high versus the US Dollar today after hawkish commentary overnight from one European Central Bank policymaker helped to solidify bets that the economic outlook for the Eurozone remains robust.
The dollar stayed within range of a 10-week high on Tuesday morning after retreating slightly on Monday.
Global currencies struggled on Monday morning due to various political concerns and unknowns in Europe, Asia and the United States.
In Monday trading, the Pound Sterling recovered from a fall which saw its largest single week’s decline in about a year.
This week will see a similarly weighty yet thin news agenda like last week, with some items of key U.S. economic data due towards the end of the week starting on Wednesday.
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The US Dollar Index struck a fresh 7-week peak as investors look to today’s release of private sector jobs data from the US.
The US Dollar was broadly higher as FX traders consolidated recent positions as markets await today’s release of the ECB’s latest policy meeting minutes.
The US Dollar was recovering as investors await Friday’s release of one of the biggest market movers—the Non-Farms Payroll Report.
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Sign up to get the latest market updates and free signals directly to your inbox.The US Dollar fell from the recently struck 7-week peak as speculation grows that the President’s choice to replace Janet Yellen as the Federal Reserve president could be one with a decidedly dovish leaning.
The dollar retreated from a 6-week high on Wednesday as analysts began to speculate on who U.S. President Donald Trump would choose to be the next Federal Reserve Chair.
The Pound Sterling fell against the US Dollar after today’s release of PMI figures on the construction sector showed unexpected slowing in September.