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
Likely Omicron Impact Remains Unclear; Turkish Lira Hits Record Low Again
The discovery of the new omicron coronavirus variant and the Fed Chair’s more hawkish tilt on tapering, rates, and inflation have injected volatility and fear into markets – but the outlook is uncertain.
Fed Suggests Benign Omicron May Drive Earlier Tapering End, Removes “Transitory” Language; Omicron Morbidity Remains Unclear; Markets Volatile
Likely Omicron More Resistant to Vaccines, Infectious; Omicron Morbidity Unclear; Stocks Lower; Japanese Yen Strong, Commodity Currencies Weak
Very Early Signs Omicron Manageable; US & Europe Stocks Rebound; Japanese Yen Strong, Commodity Currencies Weak
FOMC Minutes Have Little Effect; US GDP Slightly Undershoots; USD/JPY at 4-Year High; EUR/USD at 1-Year Low
US Preliminary GDP data released earlier today shows the US economy is growing at an annualized rate of 2.1%, slightly lower than the 2.2% expected by analyst consensus.
Lira Plummets as Erdogan Insists on Low Rates; RBNZ Hikes Rates; USD/JPY at 4-Year High; EUR/USD at 1-Year Low
As President Erdogan speaks on interest rates, the Turkish lira falls by more than 15% within a single day, prompting several Forex brokers to suspend all trading in the currency.
Dollar Rises on High Yields; USD/JPY at 4-Year High; EUR/USD at 1-Year Low
Euro Lower After Friday’s Fall; Crypto Continues to Dip; Stocks Inch Higher
USD/TRY Over 9% Higher This Week; Crypto Continues to Dip; EUR/USD Shows Some Support
The UK joins the list of countries seeing higher than anticipated inflation, boosting the prospect of a UK rate hike in December 2021.
Euro Drops as Hike Ruled Out; Dollar Boosted by Strong Retail Sales; USD/TRY Continues Advance; Crypto Dips
The Turkish lira fell to 10.24 against the U.S. dollar, a decline of more than 1.7 percent on Tuesday alone.