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 US Dollar managed to regain previously lost traction on expectations that the US Federal government will be able to avoid shutting down.
Despite the expected thin trading volumes on Monday due to Labour Day in parts of Europe and Asia, global stock markets traded slightly higher on Monday morning.
There will be a greater amount of high-impact news scheduled this week, compared to last week.
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The Pound Sterling edged higher against the US Dollar and growing expectations that Britain’s June elections will see the Prime Minister back in office, winning forecasters say, with a landslide majority.
The Bank of Japan ended its policy meeting on Thursday with a commitment to keep monetary policy unchanged.
The latest data from Australia showed consumer inflation unexpectedly flat for the first quarter of 2017, against expectations of a slight rise.
In early trading, the Euro had slipped from Tuesday’s 5-month peak but is presently working its way back on newfound confidence that Marine Le Pen will be soundly defeated in France’s upcoming presidential election.
The Australian dollar was down 0.27 percent by midday on Wednesday trading at 0.7518 after economic data was released earlier in the trading session.
The global stock rally extended into Tuesday following a rally on Monday on Wall Street spurned by centrist Emmanuel Macron’s electoral win in France over the weekend.
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The Pound Sterling took a sharp dive versus the common currency Euro, largely a factor of the relief felt over Sunday’s presidential elections in France.
Oil prices headed higher on Monday morning on hopes that OPEC will continue its production cuts past its original May deadline.
There will be a greater amount of high-impact news scheduled this week, compared to last week.
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Sign up to get the latest market updates and free signals directly to your inbox.The Euro steadied against the US Dollar and held below the recently struck 3-week peak as the first round of the French presidential voting nears.
The Pound Sterling was lifted versus the US Dollar after the latest polls showed the Conservative Party pulling out a lead.
Reports by the U.S. Energy Information Administration of a reduction in U.S. crude stocks sent oil prices slightly higher on Thursday morning, helping the commodity recover steep losses suffered on Wednesday.