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.
There are fewer high-impact news items scheduled this week, compared to last week. There is highly important central bank input due from the Bank of England and the Reserve Bank of New Zealand, as well as a slew of U.S. data at the end of the week.
The common currency Euro traded close to a 6-month peak versus the US Dollar during Asian trading today, on growing expectations that the outcome of the upcoming French presidential election will bring Emmanuel Macron a win.
The US Dollar was higher versus the Japanese Yen as investors’ hope for a June rate hike was revived by the federal Reserve statement released yesterday.
The dollar held onto recent gains on Thursday morning after the Federal Reserve made a hawkish policy statement on Wednesday afternoon to summarize its two-day policy meeting.
The US Dollar crept broadly higher as FX investors await the latest statement from the Federal Reserve Bank.
OPEC’s commitment to reducing oil output remained in place in April, reports out on Tuesday confirmed, with Saudi Arabia keeping below its production target.
The US Dollar touched a 1-month peak versus the Japanese Yen after Steven Mnuchin, the Secretary of the US Treasury, commented on the possible issuance of ultra long bonds.
The U.S. Federal reserve is beginning a two-day meeting later on Tuesday, and traders are expecting interest rates to remain stable, with a possibility that the next increase will come in June.
The US Dollar managed to regain previously lost traction on expectations that the US Federal government will be able to avoid shutting down.
Despite the expected thin trading volumes on Monday due to Labour Day in parts of Europe and Asia, global stock markets traded slightly higher on Monday morning.
There will be a greater amount of high-impact news scheduled this week, compared to last week.
The Pound Sterling edged higher against the US Dollar and growing expectations that Britain’s June elections will see the Prime Minister back in office, winning forecasters say, with a landslide majority.
The Bank of Japan ended its policy meeting on Thursday with a commitment to keep monetary policy unchanged.
The latest data from Australia showed consumer inflation unexpectedly flat for the first quarter of 2017, against expectations of a slight rise.
In early trading, the Euro had slipped from Tuesday’s 5-month peak but is presently working its way back on newfound confidence that Marine Le Pen will be soundly defeated in France’s upcoming presidential election.
