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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The pound sterling was higher against its major rivals during London trade on Monday, after the announcement of positive news regarding a vaccine to combat the spread of COVID-19.
The US stock markets closed in mainly negative territory last week as the pandemic advances in the United States and despite continued hopes for an effective vaccine.
December Vaccination Plan Boosts Stocks; U.S. Dollar Down, WTI Crude Oil Bid.
The US Dollar briefly reversed course after Steve Mnuchin, the Secretary of the US Treasury, announced that the Federal Reserve Bank would return funds intended specifically for loans
The Australian Bureau of Statistics recently reported that the unemployment rate in October stood at 7 percent, an increase from the previous month's 6.9 percent but lower than expected, as analysts predicted it to be at 7.2 percent.
Stocks Lower on Natural Retracement; U.S. Dollar and Yen Strengthen, WTI Crude Oil Hits 2-Month High.
The United Kingdom's Office for National Statistics reported that the Consumer Prices Index (CPI) for September went up more than expected in October at 0.7 percent (year-on-year), after being at 0.5 percent in the previous month.
Stocks Tread Water on Poor U.S. Sales Data; Yen Strengthens, Bitcoin Hits $18,000.
The pound sterling was higher against key rivals during the London trade on Tuesday as Forex players wait for further news on the Brexit discussions.
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Moderna, Inc. reported yesterday that its COVID-19 vaccine is 94.5 percent effective, becoming the second company to report a high-performing vaccine after Pfizer announced its own with over 90 percent efficacy.
Stocks Gain; S&P 500 Index Closes Above 3600; RBA Prepared for More Stimulus; U.S. Dollar Weak
The pound sterling couldn't hold on to positive momentum and edged lower against the US dollar during London trading on Monday.
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Stocks Gain; Nikkei 225 Index Hits All-Time High; Biden Advisors Rule Out Nationwide US Lockdown; U.S. Dollar Sold
Though currently lower, the US Dollar is still poised to end the week on a positive note against the Japanese Yen, likely recording the best week's close since March.