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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According to the Australian Bureau of Statistics, Australia's gross domestic product increased by 3.1% in the fourth quarter, against expectations of 2.5% and the previous quarter's 3.4%.
U.S. Dollar Ranging; USD/JPY Breaks to New Multi-Month High; Global Stock Indices Regain Limited Ground.
The US Dollar Index struck a 1-month peak during London trade on Tuesday while higher risk currencies came under pressure.
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European Central Bank Vice President Luis de Guindos told a news outlet that the bank still has the capacity to counter rises in bond yields.
U.S. Dollar Broadly Higher; USD/JPY Breaks to New Multi-Month High; U.S. Stock Market Regains Ground; Commodities Weaker.
The pound sterling continues to be supported by the British government's efforts regarding widespread vaccination against the coronavirus.
According to a recently released business survey, the Chinese manufacturing sector's expansion slowed down in February, mainly due to a fall in overseas demand and the fragility of the Chinese economic recovery, which is linked to the spread of COVID-19.
U.S. Dollar Advanced Strongly Last Week; Risk Assets Recover as New Week Opens.
Wall Street shakes again and recorded sharp declines in the lock: NASDAQ fell 3.5% last night (Thursday), S&P 500 lost 2.5% and Dow Jones fell 1.8%.
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GameStop has seen a rise in value the past two days which has doubled its value and calls into question the amount of risks retail speculators are taking within GME.
An improvement in risk sentiment helped keep the pound sterling close to a 3-year peak after hitting a high of $1.4295 in yesterday's trading.
ECB Board Member Isabel Schnabel said that the bank is fighting against any increase in interest rates, claiming that it could hinder the Eurozone's economic recovery.
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Jerome Powell told the House recovery is far from over.
The GBP/USD surged above the $1.42 level and is within striking distance of $1.43 as economists hold on to a bullish view for the pound.
Former Bank of Japan Deputy Governor Hirohide Yamaguchi said that the Bank of Japan must conduct a genuine review of its monetary policy stance, given the rising cost of prolonged monetary easing.