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 Pound sterling moved higher during London trade today as a Brexit deal seems to finally be lining up.
According to data released by the Federal Statistical Office of Germany, German exports increased more than expected in August,
President Trump Indicates Partial Stimulus Agreement Possible; Stock Markets Higher; Daily New Coronavirus Cases Hit All-Time High
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The British Sterling edged higher during London's trade on Wednesday, with a lift provided largely by rising hopes that a trade deal can be worked out with the E.U., and broad weakness in the US Dollar.
In yearly terms, industrial production dropped by 9.6 percent in August, after dropping by 9.8 percent in July.
President Trump Withdraws from Stimulus Talks; Tweets Coronavirus Less Risky Than Flu; Stocks Knocked
The Pound Sterling edged higher against the US Dollar as FX traders dismissed the likelihood that the Bank of England will move to a negative rate environment any time soon.
Despite the advance of the sanitary crisis, the Reserve Bank of Australia announced its decision to leave the cash rates unchanged at 0.25 percent, signaling further monetary easing to aid the performance of the Australian economy,
President Trump Improves & Returns; Says “Do Not Be Afraid of COVID”; Stocks Higher; Dollar Down
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The Pound Sterling was lower against its European counterpart, though the focus remains squarely on a positive conclusion to the Brexit deal.
On Monday morning risk appetite took over the European stock markets after the White House reported that US President Donald Trump's health is improving.
President Trump’s Medical Condition Seen Improving; Trump Received Aggressive Care in Hospital; Trump Briefly Leaves Hospital for Drive-By Greeting
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The US Dollar drifted lower as hopes were revived that a new stimulus package would soon be made available to US businesses and consumers which could help provide a lift to the flagging economy.
The Pound Sterling edged lower versus its two main rivals after a media report said that both the EU and Britain were no closer to an agreement on state aid, a key issue in the Brexit discussion.
Yesterday, oil markets mainly recovered, after the markets learned that crude oil stockpiles decreased.