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.
As reported at 3:30 p.m. (JST) in Tokyo, a 2.4% fall in share prices in Asia has helped to push the Japanese Yen higher in Shanghai trading today as cautious investors continue to be apprehensive about returning to their high-risk currencies and trimmed their short positions in the Yen.
As reported at 2:44 p.m. (JST) in Tokyo, the Japanese Yen slipped in choppy Asian trading today, falling from the highest levels hit so far this month versus both the single currency Euro and the U.S. Dollar, and experiencing diminished returns versus other commodity-linked currencies.
The Federal Reserve Bank of the United States concluded its policy meetings yesterday, and investors took their less-than-glowing report of the health of the U.S. economy as an indication that there is still a long way to go.
With the nearly 3% fall of share prices on the .SSEC in China, investors liquidated their Yen short positions in advance of the conclusion of the Federal Reserve policy meetings and the expected policy statement release later today.
The U.S. Dollar held steady versus the single currency Euro in London trading, while investors debated whether or not the greenback could continue the rally on the heels of the report last week of lower-than-expected job losses in the United States in July.
As reported at 8:23 a.m. (BST) in London, the U.S. Dollar held steady versus the Pound Sterling and the single currency Euro, staying close to multi-month lows while investors take a wait-and-see approach to policy decisions expected from the Bank of England and the European Central Bank (ECB).
The U.S. Dollar remains near the lowest price of the year versus the single currency Euro in Asian trading today, generally attributed to improvement in the overall health of the global economies.
The Australian Dollar approached a 10-month high versus the Japanese Yen and the U.S. Dollar following the news from the Australian central bank that key interest rates would remain unchanged.
The new FIFO regulation issued by the NFA has officially come into effect. If you are not familiar, you need to read about it here.
With the global markets awaiting a surfeit of economic data out of the United States, the U.S. Dollar Index closed in on the lowest point of the year versus a basket of six major currencies in Asian trading today.
Yesterday, Su Ning, the Vice Governor of China’s central bank commented that they had no intention of tightening the country’s money supply and would be using market tools rather than quota styled controls as they are continue to work toward repairing China’s economy.
As reported at 2:42 p.m. (JST) in Tokyo, the U.S. Dollar steadied against major currencies, very near to the lowest trade of this year.
Good economic news out of the United States drove investors back into higher risk, higher yielding assets giving the Euro a push to an 8-week high against the U.S. Dollar in Tokyo trading today.
The U.S. Dollar and Japanese Yen, as well as other major currencies, managed to hold steady in Asian trading today as the markets await the release of figures on the U.S. GDP, a measure of how well the economic health of the world’s largest economy is faring.
Much improved housing market data from the U.S. and mixed corporate earnings reports helped to push the Japanese Yen up broadly in Friday’s trading in Asia. U.S. housing data indicated that existing home sales continued to climb for the third straight month and housing prices are at their highest levels in more than 9 months.
