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.
Most Recent
The U.S. Dollar rallied broadly following stronger than expected economic data from the U.S. which bolstered investors’ expectations of the Federal Reserve’s pull back of some of its stimulus measures over the course of the next several months.
The Japanese Yen relinquished some of its previous gains during Tuesday’s Asian trading session as wary forex traders monitored the Japanese stock market for additional declines which were likely to impact the Yen.
The U.S. Dollar took a beating last week, against the safe haven Japanese Yen the greenback recorded its worst single week in more than a year. On Friday
With investors already skittish from Ben Bernanke’s testimony about the timeline for the scaling back of the Fed’s QE program, a rout in global equities which began in Japan and ended in Europe helped send the U.S.
The U.S. Dollar firmed on Wednesday following comments made by the Federal Reserve chairman who said that for the time being the existing monetary policy would be unchanged
The U.S. Dollar traded lower versus the Japanese Yen and moving well away from the recently struck 4½ year peak following comments made by two Federal Reserve officials who took the position that the Fed would likely maintain the status quo and not deviate from its current ultra loose policy despite some signs of economic improvement.
The U.S. Dollar weakened across the board as investors await clues from the Federal Reserve Bank as to whether or not it will continue with its ultra loose monetary policy or begin to set the stage for tightening.
The Japanese Yen edged higher and moved away from a recently struck 4½ year trough versus its main rival the U.S. Dollar following comments made by the country’s economy minister who hinted at the government’s possible satisfaction wit the Yen’s current price level.
In spite of excessive volatility following comments from one of the U.S. Federal Reserve governors who hinted at an end to the Fed’s easing measures later this year, the U.S. Dollar was able to recover and move higher versus the common currency Euro and Japanese Yen once again
Bonuses & Promotions
While the evidence continues to mount of a recovery in the U.S. economy the reverse is true in the Eurozone where new data has given rise to speculation that the European Central Bank may now move to a more aggressive easing policy to halt the slowdown
The U.S. Dollar retreated against the Japanese Yen during the Asian session but kept within striking distance of the recent 4½ year peak; the U.S.
During the Asian trading session the U.S. Dollar Index slipped off a 5-week peak as investors’ profit taking sent the greenback broadly lower ahead of inflation and other key economic data which are likely to be the impetus for a change in the Fed’s monetary policy.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.The Japanese Yen slipped back from a recently struck 4½ year low versus the U.S. Dollar though additional deterioration is likely say currency analysts now that the G7 appears to have condoned the Bank of Japan’s monetary policy of aggressive easing as a statement issued by Britain’s George Osborne said only that the Group’s commitment to avoid targeting forex rates has been complied with
At long last, investors have finally seen the USD/JPY pair break through the elusive 100 level and edge even higher towards 101. Currency analysts believe that the recent signs of improvement for U.S. labor, coupled with the Federal Reserve Bank’s promise to begin curtailing its asset purchase program, has helped to restore investors’ confidence in the U.S. economic recovery.
The release of unexpectedly improved March factory activity figures from Germany gave a lift to the common currency which stayed close to a 1-week peak against the greenback