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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Though higher currently, largely a factor of unexpectedly upbeat data, the US Dollar is likely to continue to come under pressure
The ECB had better get some good answers to the hard questions surrounding the coronavirus pandemic and vaccination program.
In London trading, the British pound struck a 2½ year peak versus the US dollar, as well as an 8-month peak against the euro.
Major U.S. Stock Indices Hit Record Highs; President Biden Signs First Executive Orders; Bank of Japan and Canada Hold Steady; Greenback Weaker.
Yellen the Magnificent: Treasury Nominee Ready for Control
News that UK inflation picked up slightly in December helped to push the pound higher against both of its key rivals, the US dollar and the euro.
In a recently released video, US President Donald Trump delivered his farewell address, highlighting his administration's economic achievements for the United States.
Trump Gives Farewell Address; Stocks Higher, Yellen Discusses Dollar and Treasuries.
The pound sterling made some headway against a weaker greenback while simultaneously losing ground against the strengthening euro.
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According to Reuters, President-elect Joe Biden’s nominee for Treasury Secretary, Janet Yellen, will tell the Senate Finance Committee that the US government must take strong action with its next coronavirus relief package.
Yellen Calls for U.S. Action; AUD, NZD Higher; Stocks Up.
For the third straight day, the US dollar gained strength relative to its peers, and the US Dollar Index hit a 4-week peak.
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Yellen Hints no Weak Dollar Policy; Markets Mixed, Chinese Stocks Continue to Rise
The US Dollar lost positive momentum during choppy Asian trade after the chief of the Federal Reserve said that the US central bank would maintain low rates for the foreseeable future.