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.
Most Recent
The EUR hovered close to a 10-week record versus the dollar on Wednesday, supported by significant U.S. corporate earnings that also boosted global shares.
The USD held steady versus the JPY on Thursday above a 15-year low hit last week, drawing some support from a media report that the Bank of Japan has begun to consider additional monetary easing steps.
The Japanese currency increased in value on Wednesday with investors citing yen purchaing by Japanese investors and exporters, while the Canadian dollar maintained its gains scored on news of a huge takeover bid by global miner BHP Billiton for Canada's Potash Corp.
Top Forex Brokers
The big question remains whether the Japanese authorities will further actions to curb the JPY’s rise. This lack of clarity brought the US currency to hover around a 15 year low against the Yen, weighed dow by a decrease in IS treasury yields.
The Euro, which initially headed lower for a sixth straight day, bounced back from a near one-month low against the dollar, aided by a bounce in equity markets.
A report stating that the Japanese prime minister and the head of the central bank are going to meeting to discuss ways to better cope with the JPY’s export sapping strength lead to a serious increase of the US Dollar vs the JPY on Friday.
A wave of short Dollar positions triggered by concerns over the US and global economies on Wednesday led to the USD’s biggest daily gain in nearly two years. That gain reversed itself on Thursday with the greenback declining.
The USD hovered within clear sight of a a decade and a half low against the Japanese currency on Wednesday after the Federal Reserve announced their intentions to boost a flagging economy by reinvesting money from maturing mortgage bonds into government debt.
The uncertainty over the future federal reserve decision that many are speculating will lead to further quantitative easing as a result of a slowing economy, has led to a serious USD rebound.
Bonuses & Promotions
The USD nosedived VS the JPY on Monday, approaching a 15-year low, after a pessimistic U.S. July payrolls report generated rumors that the Federal Reserve might consider a further easing monetary policy as early as this week.
The USD was on the defensive close to a a 3-½ month low versus a variety of currencies after poor U.S. jobless claims figures raised worries that Friday's payroll data could paint a sad picture of the U.S. economic recovery.
The Canadian Dollar struck a new 13-week peak versus the U.S. Dollar in early New York trading in advance of critical North American jobs reports to be released tomorrow by the U.S. and Canadian Labor Departments.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.The USD steadied on Thursday after it enjoyed a rare rally the previous day when U.S. data exceeded expectations and sparked a bout of short-covering, although the overall mood remains bearish ahead of a key payrolls report.
The USD hit an 8 month low VS the JPY and hovered near a three-month trough against the EUR on Wednesday.
The U.S. Dollar slipped in early morning trading in New York, striking new multi-month lows versus the Japanese Yen, Pound Sterling and the common currency Euro on growing concerns that the pace of the economic recovery in the United States is slowing. As reported at 9:21 a.m.