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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During the London trade on Tuesday, the Pound Sterling attempts to recover from the recently struck 2-month trough against the greenback.
Yesterday, oil futures markets dropped in light of the Libyan crude return to the market, and as coronavirus cases increase in Europe.
S&P 500 Index Hits Correction Level; Global Stocks Mostly Lower; ASX Hits 3-Month Low
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A resurgence of the Coronavirus pandemic in Great Britain is prompting the government to consider implementing another national lockdown.
The People's Bank of China announced its decision to leave the cash rates unchanged for the fifth consecutive month, at 3.85 percent.
USD/JPY Near Long-Term Low; Stock Markets Look Shaky
The US Dollar was able to recover some lost ground against the Japanese Yen after interest in the safe haven currency was revived after the latest commentary from the Federal Reserve Bank
The Pound Sterling couldn't hold onto positive momentum against its US rival and the greenback gained strength after yesterday's Federal Reserve policy meeting, which disappointed FX traders who had expected to see a more dovish policy.
The Australian Bureau of Statistics published that the unemployment rate stood at 6.8 percent in August, dropping from the previous month's figure,
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U.S. Dollar Gains; S&P 500 Index Down by 1%; Asian Stocks Fall
The US Dollar was broadly lower during London trade on Wednesday on growing expectations that the Federal Reserve might need to embark on more easing weighed on the currency.
The United Kingdom's Office for National Statistics announced that the Consumer Price Index stood at 0.2 percent in August (year-to-year), below the previous month's figure which was at 1 percent and over the analysts' expectations, who foresaw it to be at 0 percent.
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Stocks Flat; U.S. Dollar Continues to Decline
The Pound Sterling gained ground against its key rivals during the London trade on Tuesday.
The Office for National Statistics recently reported that the unemployment rate for the United Kingdom was at 4.1 percent in the three months prior to July, remaining in line with the analysts' expectations and over the previous month's figure, which stood at 3.9 percent.