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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The British parliament voting session on Monday night proved that beating the premier's accord is easier than backing an alternative.
The US Dollar touched a 2-week peak versus the Japanese Yen during Asian trading on Tuesday as waning concerns over global growth helped to push yields on US Treasuries off of the 15-month low.
Though it could not maintain momentum, the Pound Sterling had earlier inched higher against the US Dollar as FX traders' expectations of a softer Brexit outcome continue to coalesce.
Oil prices were higher on Monday morning in London after ending Q1 with the strongest quarterly gains in a decade, even as investor concerns about the U.S.-Sino trade war and the slowing global economy put pressure on global markets.
The British justice secretary, David Guake said that it would not be sustainable for the Prime Minister to ignore the will of the members of the House of Commons if they decide to vote for a softer Brexit.
This week is likely to see a more active market, with central bank input due only from the RBA, but there will also be important U.S. data in the form of non-Farm Payrolls, as well as more Brexit drama as the deadline for a final decision approaches again.
Despite the news that the 4th quarter Gross Domestic Product report for the United States was worse than expected at 2.2% (year-over-year) against forecasts of a drop to 2.4%, the US Dollar is poised to move higher.
The European Central Bank president, Mario Draghi, reassured on Wednesday that the institution still has tools to continue its job, as concerns about the negative effects of keeping negative rates grow.
The Pound Sterling failed to gain momentum even after the offer of Theresa May's resignation hit the table.
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The dollar was higher against its primary trading partners on Thursday morning, propelled by a recent slew of central bank announcements which took a decidedly dovish stance.
Once again, it is the Brexit news and its impact on the Pound Sterling which is dominating FX markets.
The TAX3 committee, which was created by the European Parliament after several fiscal evasion scandals in the EU, released a report detailing the several ways the European tax system can be circumvented.
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The Pound Sterling slipped during London trade on Tuesday as the Parliament voted to take the helm of the Brexit process.
In a recent survey, the Pew Research Center found that most of Americans foresee a gloomy future for the United States economy.