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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There appears to be some growing speculation that the Federal Reserve might still be considering a rate increase this year which has investors anxiously awaiting today’s release of the last Fed policy meeting.
The U.S. dollar retreated from 7-week lows against the yen and the euro during Wednesday’s Asian session in response to the New York Federal’s Reserve’s hawkish comments on Tuesday.
The US Dollar dipped broadly on Tuesday after comments made by one Federal Reserve Bank official triggered the greenback’s sell-off
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Record breaking highs on Wall Street failed to boost sentiment in Asian trade on Tuesday, with most major regional markets slipping.
Wall Street closed higher again on Monday with the three major indexes hitting new records and investors keeping an eye on oil prices and news from the Federal Reserve.
When OPEC’s president told the group on August 8th that it will hold informal talks in Algiers next month, markets were encouraged to buy more oil.
Wall Street gave new confidence across global markets by closing last week with record highs. Asian markets took the cue, with traders shrugging off some disappointing economic data from China and focusing on the record finishes in the U.S. markets and a rebound in oil prices.
U.S. stocks climbed to record levels Thursday for the first time in 17 years, boosted by a rally in oil prices as well as upbeat economic data.
New Zealand's central bank cut the official interest rate by 25 basis points to a record low of 2.00% and indicated further reductions are likely.
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The US Dollar was under broad pressure which helped to push the Australian Dollar near to a 3-month peak as FX traders reassess the prospects of a Federal Reserve Bank rate increase in 2016.
The U.S. currency slid against all major peers on speculation the Federal Reserve will be slow to raise interest rates amid uneven global growth, buoying gold and bonds.
The Pound Sterling, which had been under pressure prior to the latest policy decision from the Bank of England, continued its slide, falling to a 1-month trough versus the US Dollar.
The pound slipped in Asia on Tuesday on speculation of further UK policy easing, shedding 0.4 percent to $1.2981GBP after Bank of England policymaker Ian McCafferty said that more quantitative easing was likely to be required if the UK's economic decline worsens.
The US Dollar continued to have positive momentum after Friday’s labor data helped improve sentiment for the greenback.
Asian stocks hit one-year highs on Monday as investors seek greater yields amidst a backdrop of a recovering U.S. economy and easing global monetary policy conditions.