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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After last Friday’s surprisingly improved labor data from the U.S. the greenback moved higher against its Japanese counterpart while the Euro firmed after hitting a multi-month trough as it attempts to recover from last Thursday’s European Central Bank decision.
The Euro remained steady in the wake of a hard fall after the ECB yesterday acknowledged that the Eurozone economy needed additional stimulus in order to push itself from the low growth and low inflation trend in which it had become mired.
With the European Central Bank rate decision looming only hours away, the Euro held close to a 4-month trough during the Asian trading session as investors take a wait and see approach.
The Euro managed to hold on to gains made overnight but analysts expect that those gains were likely limited in the wake of relatively tepid data on Eurozone inflation.
Asian stocks climbed on Tuesday, prolonging a 6 month high on the regional benchmark index, and allaying fears about a slowdown in the region’s economy. Get the full news analysis for June 3, 2014 here.
As the June European Central Bank policy meeting looms, the pressure on the Euro continues to be relentless with markets bracing for some form of easing. Get the full news analysis for June 2, 2014 here.
The Japanese Yen moved higher against the Euro on profit taking ahead of the weekend. According to analysts, investors’ expectations that the Bank of Japan might increase their pace of quantitative easing has been running low and boosting the Yen’s strength relative to its peers.
With speculation growing that the European Central Bank is likely to undergo a transformation to a looser policy after its next monetary policy meeting, the Euro has been under relentless as a result. Get the full analysis for May 29, 2014 here.
After weeks of being mired down, the U.S. Dollar firmed and then steadied and the U.S. Dollar Index held close to an 8-week high against its peers following the release of new, unexpectedly improved economic data which lifted sentiment for the greenback.
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The Euro continues to remain under pressure and vulnerable after European Central Bank head raised expectations that monetary policy in the Eurozone is about to undergo a shift to a looser strategy. Get the full Forex news update here.
Investors’ expectations of a looser monetary policy from the European Central Bank are continuing to grow and weighing on the Euro in Asian trade. Base your trades on the latest news in the Forex world here.
Monday, May 26, 2014 is a public holiday in both the U.K. and the U.S.A. The U.K. and the U.S.A. are the major financial centers driving volume in the Forex market, so we can expect this day to have very low volatility and price movement.
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Sign up to get the latest market updates and free signals directly to your inbox.Improved economic data from the U.S. helped to push the greenback to a 1-week peak versus the Japanese Yen while it maintained its position against the common currency Euro. Get the updated Forex news here before the weekend begins.
An unexpected but welcome improvement in China’s Purchasing Manager’s Index helped to improve risk appetite broadly, sending the safe haven Japanese Yen lower and the Australian Dollar higher.
Just ahead of the Bank of Japan’s policy announcement the U.S. Dollar remained close to a 3-month trough versus the Japanese Yen.