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 Federal Reserve released late Wednesday the minutes of the June 11-12 Federal Open Market Committee (FOMC) meeting. At the June meeting, policymakers maintained rates at the target range of 5.25%-5.5% for a seventh straight time.
S&P 500, NASDAQ 100 Rise to All-Time Highs; Japanese Equity Indices Reach Record; US Drops Most in 3 Weeks; Markets See Strong Chance of Biden Withdrawal From Race
Stocks Rise After Powell Says Inflation Trending Down; Major Equity Indices See Record High Closing Prices; Markets Await FOMC Minutes
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USD/JPY Makes Record Near ¥162; Euro Runs Out of Momentum, Although RN Majority Unlikely in France; Markets Await Eurozone CPI Estimate
Euro Rises as RN Underperforms Opinion Polls in French Election; USD/JPY Trading Near Record Above ¥161; Markets Await German Preliminary CPI Data
Yen Continues to Weaken, Bank of Japan Threats Seen Failing; USD/JPY Makes Historic Breakout Beyond ¥160; Markets Await US Final GDP Data
Australian Inflation Follows Canada Higher, Aussie Strengthens; Japanese Yen Remains Weak Near ¥160; Crude Oil Steadies on Higher US Stockpile
Canada’s Consumer Price Index (CPI) rose to 2.9% year-on-year in May, up from a three-year low of 2.7% in April.
Month-on-Month Canadian CPI Expected at 0.3%; Japanese Yen Remains Weak Near ¥160; Tech Stocks Lower as NVIDIA Plunges; Crude Oil Near 2-Month High
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USD/JPY Remains Close to ¥160; Japan’s Canda Threatens to Intervene; Far Right Remains Strong in New French Polls
The Bank of England (BoE) stayed on the sidelines at Thursday’s policy meeting. The British Pound is slightly lower as the decision was widely expected.
Fed’s Kashkari Males Implicitly Hawkish Statement; Fears Grow of Far-Right Victory in France; Indonesian Rupiah at 4-Year Low
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There was good news on the inflation front, as inflation decelerated in May and was lower than anticipated.
US inflation data showed no increases in prices over the past month, leading to an expected fall in annualized CPI which sent major US equity indices sharply higher.
US Stock Market Continues Advance, European Markets Also Bullish; Gold Near 2-Month Low; Euro Finds Support; Indonesian Rupiah at 4-Year Low