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.
Most Recent
Oil prices rose to the highest level of the year Tuesday on increased expectations that major oil producers will agree to freeze output when they meet on Sunday.
The US Dollar Index slipped to its lowest level in almost 8 months as investors speculate that the Fed is more than likely to push back on a 2016 rate hike.
The yen continues to move markets. After hitting a 17-month high of 107.63 per dollar Monday , it looked set to weaken Tuesday for the first time in eight sessions, sending Asian markets rallying.
Top Forex Brokers
With uncertainty over the health of the global economy continuing to grow, it’s unsurprising that the safe haven Japanese Yen continues to be pushed higher by worried traders.
Asia markets continued down on Monday, but a strong yen continued to weigh Japan's with the Nikkei 225 retracing losses of over 1.3 percent to trade down 0.75 percent.
After falling to a nearly 18-month low against the yen earlier in the week, the dollar's Friday gain snapped a five- day losing streak.
This week can be expected to be a fairly busy and significant one, with an unusual announcement due from the Federal Reserve, and regular monthly Central Bank input concerning the British Pound and Canadian Dollar.
The Japanese yen surged for the fifth-straight day on Thursday, strengthening by as much as 1.7% to 107.92 against the dollar and hitting the strongest level since October 19, 2014 — right before the Bank of Japan shocked the markets by boosting its quantitative-easing program.
Once again, the Japanese Yen and the US Dollar have taken control of the spotlight in the FX market. The safe haven Yen continues to be the currency of choice for investors uncertain of the future of the global economy.
Bonuses & Promotions
The U.S. dollar hovered around 109 yen in Tokyo on Thursday morning, as Federal Reserve policy meeting minutes dulled expectations of an early U.S. interest rate hike.
The US Dollar was trading near to a 17-month trough versus the Japanese Yen after Shinzo Abe, Japan’s Prime Minister, hinted that the Bank of Japan’s intervention in the Yen’s rise might not be as evident as it appears.
China’s stocks rose for a fifth straight day on Wednesday, led by consumer and energy companies and following a report pointing to increased evidence of a stabilizing economy.
The Japanese Yen earlier hit a 17-month peak versus the US Dollar after yet another decline in oil prices sent FX traders rushing into the proverbial arms of safe-haven assets.
Watergate was a major political scandal that occurred in the United States in the 1970s but it pales in the face of the latest global financial outrage.
Despite an upbeat labor report last Friday, the US Dollar continues to be under some heavy pressure as market expectations of a rate hike in this calendar year wane.