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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Two key pieces of uncertainty are keeping Pound Sterling traders sitting on the sidelines as they wait the outcome.
Asian shares were higher in the mid-afternoon on Monday, hitting three-month highs on optimism that the United States and China are close to solidifying a “phase one” trade deal.
This week will see a lot of major central bank input, which is due from the U.S. Federal Reserve, the Bank of Japan, and the Bank of Canada.
The Pound Sterling drifted lower against the US Dollar in early Asian trade after Boris Johnson called for a December 12th election in an attempt to break the Brexit deadlock.
The Pound slipped against the greenback in London trade while FX traders await the EU's decision regarding a possible Brexit extension.
According to the Bank Of Japan, credit costs are low but they recently began to rise, signaling an increase of financial fragility.
Japanese factory activity declined at the fastest pace in three years in October, prompted by a decrease in new orders, data out Wednesday showed.
According to a survey by the Confederation of British Industry (or CBI), UK entrepreneurs are engaging in concerning behavior, as they are beginning to cut their investment for next year.
Safe haven currencies benefited from the rising confusion in the Brexit plans.
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Boris Johnson’s “firm” October 31 Brexit date evaporated on Tuesday as British MPs confirmed Johnson’s Brexit plan but rejected his three-day timetable to push his Brexit deal through Parliament.
Nervous FX traders are sitting on the sidelines as they await the outcome of two crucial Parliamentary votes on the Brexit withdrawal.
The Bank of Finland Governor Olli Rehn cautioned against premature cash rate hikes, highlighting past mistakes.
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Investor risk appetite, even as the US dollar weakened, helped the USD/JPY pair to correct higher and reach the 108.93 resistance during last week's
Global finance officials wrapped up their fall meetings earlier this week pledging to “employ all the right tools” to combat the weakest global economic growth in a decade