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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Hurricane Harvey has been battering the areas surrounding Houston and Galveston, Texas, all weekend, and civilians are not the only ones being hurt by the flooding.
This week will have a considerably heavier news agenda than last week. The agenda will be dominated by quite a lot of U.S. high-impact economic data centered on the end of this week, with the Non-Farm Payrolls data due Friday being key.
The dollar was trading relatively flat during Friday morning’s Asian trading session as traders wait for announcements coming out of Jackson Hole, Wyoming, from Federal Reserve Chair Janet Yellen and European Central Bank President Mario Draghi.
A senior Saudi official said on Thursday that his country is weighing the possibility of funding itself party in Chinese yuan, a move which would strengthen economic ties between the countries and give Riyadh more financial flexibility.
U.S. President Donald Trump’s threats to cancel the North American Free Trade Agreement (NAFTA) sent Wall Street lower on Wednesday, but Canada and Mexico, the U.S.’s trade partners, didn’t seem to take the comments as seriously as market analysts.
The global stock rally that started on Tuesday extended into Wednesday morning and analysts have reason to believe that the bullish run may still have some life left.
The GBP/USD pair edged near to a 6-week trough as the Pound comes under pressure from an economic that is nothing but uncertain.
Oil prices and Asian stock indexes edged moderately higher on Tuesday morning as traders remain cautious in advance of the Jackson Hole summit.
The common currency edged lower on Monday and is extending last week’s decline, the largest weekly fall since early June, as investors ponder the next move by the European Central Bank
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Although August and September tend to be weak months for stock markets, global markets are facing additional challenges of late, stemming from a continued political turmoil in Washington and the financial announcements from the annual summit in Jackson Hole later this week.
This week will have a considerably lighter news agenda than last week.
The US Dollar dipped against the Japanese Yen in Asian trading as investors’ fears grow over President Trump’s inability to move his economic policy agenda forward.
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Sign up to get the latest market updates and free signals directly to your inbox.The common currency Euro slipped off the recently struck 2½ year peak versus the US Dollar on the outcome of today’s Eurozone inflation data.
Federal Reserve policymakers expressed concerns about weak inflation and some favored halting interest rate hikes until inflation is under control, minutes released on Wednesday afternoon showed.
The US Dollar remained close to a 3-week peak in European trading after yesterday’s release of unexpectedly upbeat retail sales data helped to lift risk appetite.