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 US Dollar Index struck a 3-week peak after several officials from the US Federal Reserve Bank touted an economic scenario that would eventually result in additional interest rate increases.
Japan’s Nikkei spiked more than 1 percent on Tuesday to hit near two-year highs after U.S. hi-tech stocks rebounded on Monday and investors showed their confidence with stock purchases.
The divergent messages investors are getting from the globe’s central banks, regarding monetary policy and inflation specifically, helped push the US Dollar higher versus the Japanese Yen.
Asian markets strengthened on Monday morning as traders eagerly await the start of the Brexit negotiations which are scheduled to begin later today.
There are few high-impact news items scheduled this week, with a much sparser agenda than last week. However, a delayed reaction to last week’s rate hike by the FOMC may produce some volatility in the U.S. Dollar, although volatility should be expected to be relatively low over the coming week.
The US Dollar was mixed in Asian trading earlier today but is still poised to close out the week on an up note.
The US Dollar edged higher as investors pin their collective hopes on another rate increase from the Federal Reserve.
In an unsurprising move on Wednesday the U.S. Federal Reserve outlined a plan to reduce its $4.2 trillion bond portfolio and raised interest rates a quarter percentage point.
With the Federal Reserve interest rate decision only hours away, the US Dollar firmed broadly.
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Asian shares were mixed on Wednesday as traders awaited the Federal Reserve’s policy announcement that is scheduled for 6 p.m. GMT today.
The Canadian Dollar was higher versus its US counterpart after the Bank of Canada suggested that more rate hikes could occur this year.
At 2pm EST on Tuesday the U.S. Federal Reserve will announce whether or not it will be raising the benchmark interest rate.
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Sign up to get the latest market updates and free signals directly to your inbox.Oil prices broke their three-day losing streak on Monday morning despite continued overdemand and increasing production in the United States.
The highly-anticipated U.S. Federal Reserve policy meeting is set to begin tomorrow, and traders are shifting their focus this week to the outcome of the meeting after focusing mostly on the U.K. elections over the weekend.
There are several high-impact news items scheduled this week, with a much fuller agenda compared to last week.