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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Equity worldwide rose on Wednesday with the S&P 500 hitting a record high on hopes that a resolution will be reached between Ukraine and Russia. The euro rebounded from a 1-year low against the dollar on expectations for more European Central Bank stimulus.
News that a possible “permanent” ceasefire between Russia and Ukraine is currently being negotiated has helped to lift the common currency Euro out of its recent doldrums; however, currency analysts have pointed out that there are conflicting reports which could tend to limit any additional gains.
Asian shares shrugged off early losses on Wednesday, as the yen touched an almost eight-month low and bonds in the region tracked Treasuries lower amid signs of strength in the U.S. economy.
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The pressure on the Euro appears relentless as speculation that the ECB is prepared to ease further continues to grow with the result that the Euro has now fallen to a new 1-year trough versus the U.S. Dollar.
Asian shares slipped on Tuesday while the euro hit a fresh one-year low on uncertainty over the European Central Bank's policy decision later this week.
Asian shares edged higher on Monday, with investors wary of a deepening crisis in Ukraine and a downbeat China manufacturing survey; the euro touched a fresh one-year low ahead of this week's European Central Bank meeting.
Asian stocks fell, with the regional benchmark index headed for its first monthly decline since April, led by materials and consumer shares. Friday’s slump followed flaring Ukraine tensions which spoiled investor risk appetite and bolstered the safe-haven yen.
Ahead of today’s release of Germany CPI data and tomorrow’s inflation report for the Eurozone, the common currency managed to hold onto some modest gains against the greenback but investors multi-pronged concerns pushed the Euro lower.
Asian stocks crept up on Thursday following another steady performance by Wall Street shares which hovered near record highs, while the euro clung to modest gains after rebounding from 13-month lows.
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Though Mario Draghi has been adding fuel to existing speculation that the ECB could shift to an even more accommodative stance, the Finance Minister of Germany, Wolfgang Schaeuble, has been downplaying just such a possibility, dismissing the ECB chief’s comments at the Jackson Hole central bankers’ symposium as “over-interpreted” by analysts.
Asian stocks rose yesterday after U.S. data on durable goods and consumer confidence boosted optimism in the strength of the world’s largest economy.
The U.S. Dollar remained steady during Tuesday trade in London while the Euro continued to under pressure as expectations grow that weak inflation data from the Eurozone, due to be released on Friday, will push the ECB into committing to additional stimulus.
Though market players were waiting anxiously to hear what Janet Yellen, the head of the U.S. Federal Reserve Bank, had to say last Friday at the Jackson Hole symposium for central bankers, it was Mario Draghi of the ECB who brought the house down, and the Euro along with it.
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Geopolitics between Russia and Ukraine reared its head once again and pushed investors toward safe haven currencies like the Swiss Franc and the Japanese Yen, which both rose versus the common currency Euro.