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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China said it complained about raising US tariffs on solar panels to the World Trade Organization (WTO) in Geneva, adding to the escalating conflicts with US President Donald Trump on trade and technology.
Turkey announced on Wednesday it was working to increase tariffs on imports of some US products, which led to escalating dispute with the United States, provoking the Turkish currency to record a new historic low.
European stock indexes traded higher on Tuesday after two days of selling sent stock prices broadly lower in Europe and across the globe.
Gold prices were stuck near 18-month lows on Tuesday morning after the U.S. dollar hit a 13-month high on Monday.
Global stocks indexes hit fresh lows on Monday as traders dumped equities and shed emerging market shares in favor of safer assets including the government bonds and the U.S. dollar.
The Turkish lira plummeted over the weekend, hitting a record low of 7.06 lira to the dollar in early Asian trade.
This week will see a lighter news agenda compared to last week, with central bank input due from the Reserve Banks of Australia and New Zealand.
The US Dollar Index fell just shy of a 13-month peak in Asian trading on Friday. The Index, which FX traders use to gauge the greenback's relative strength, was just off a 13-month peak at 95.652 .DXY.
The Pound has finally recovered after being under heavy sell pressure; the currency had earlier approached a 1-year trough versus the US Dollar on the backs of increasingly jittery investors who worry about Britain's economic and trading future.
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Uncertainty and worry over escalating trade tensions sent the safe haven Japanese Yen broadly higher during Asian trade.
Brexit fears continue to wreak havoc on the Pound Sterling which today fell to a 11-month trough on investor concerns.
The US Dollar could not maintain momentum against some of its rivals and was broadly lower a a result.
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Sign up to get the latest market updates and free signals directly to your inbox.In the wake of a Pound sell off, the British currency managed to recover and steady despite major concerns over the looming Brexit.
The Pound remained on the back foot during the Asian trading session after striking an 11-month trough against the greenback on Monday.
FX traders are becoming increasingly concerned over the likelihood that the UK government will not have been able to work out a Brexit plan when the time comes for Britain to leave the European Union next year.