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.
Market News
Market News
The US Dollar Index is slowly recovering from its earlier retreat amid risk aversion in a trading week shortened by the American Thanksgiving holiday.
Turkey downed a Russian fighter jet on Tuesday after it strayed into Turkish airspace on the edge of Syria. Though the bond and currency markets didn't have much initial reaction this event, there was a notable reaction in the oil markets starting on Tuesday when U.S. crude prices rose more than 2.5 percent, testing low $40 levels.
Oil prices surprised analysts by inching up Tuesday on concerns about continued global tensions.
As sentiment for the Dollar gets support on news that the Fed could make an unexpected announcement today, the Euro has suffered in its wake.
Oil prices continue to move downwards despite U.S. and Middle East promises to cut production and diminish the glut.
With 98% of the vote counted, opposition candidate Mauricio Macri is poised to become Argentina's next President.
As sentiment for the Dollar gets support on news that the Fed could make an unexpected announcement today, the Euro has suffered in its wake.
The Fed will be making a surprise announcement at an unscheduled meeting this morning and analysts are expecting to hear about an interest rate hike earlier than the December date discussed until now.
The week ahead is very likely to be much quieter than last week as there is only a small volume of data releases scheduled. These scheduled announcements cover only 5 currencies. Get the economic and political calendar for the popular currencies for the week of November 23, 2015 here.
With all eyes still focused on the next Fed interest rate hike, the Bank of Japan reported that it is prepared to continue its program of quantitative and qualitative monetary easing (QQE) as long as necessary to meet its 2% inflation goal, but is prepared to make adjustments if necessary.
Asian shares held on to this week's gains Friday, while the dollar stepped back from seven-month highs on concerns of higher U.S. borrowing costs and slower global economic growth.
Global focus on a December interest rate hike by the U.S. Federal Reserve is accelerating.
The US Dollar edged off recent highs as investors await the release of the Federal Reserve’s latest monetary policy mean to better assess the likely timing of a rate increase.
Last week’s Paris terrorist attack continues to haunt the financial markets
Asian shares dipped on Friday, in anticipation of key U.S. employment data later in the session that was expected to advance the case for a Federal Reserve interest rate hike as early as next month.