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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S&P 500, Dow, Nikkei 225 Indices Hit Record Highs; Dow Briefly Reaches 30,000; Pfizer Announces Successful Corona Vaccine Analysis; Trump Continues Legal Challenge Provisional Results in Several Key States
The pound sterling had moved higher against its US rival and neared a 9-week peak after a shift in risk sentiment gave riskier currencies some support.
Recently, the Reuters Tankan Survey was released, reporting that manufacturing and services firms were less pessimistic regarding the future of the Japanese economy.
Biden Declared Winner by Major Media Networks Saturday; Trump Refuses to Concede, Awaiting Recounts & Lawsuits; Stocks Up, Dollar Down
The US Dollar is staging a comeback after being under broad pressure as hopes for a second stimulus package for a struggling US economy continue to faded.
Uncertainty continues taking over the markets due to the fact that the results of the US elections are not clear yet.
The pound sterling reversed course after slipping lower against the common currency Euro after the Bank of England announcement of upcoming monetary policy changes.
Trump Mounts Legal Challenge to Vote Counts; Recounts Likely in Georgia and Wisconsin; Stocks Rally; Forex Markets Consolidate
As election results from the US continue to trickle in, the pound sterling lost more than 1% versus its US counterpart.
Bonuses & Promotions
Election night is over, and against the polls projections, the results seem unclear at best.
Trump Wins Florida, Texas; Biden Flips Arizona; Trump Ahead in Michigan, Wisconsin Counts
The pound sterling remained relatively calm during London trade on Tuesday, neutral versus its European counterpart and higher against a softer greenback.
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Stocks Higher; RBA Cuts Interest Rate; U.S. Vote Begins
The Pound Sterling slipped close to a 4-week trough versus its US counterpart during London trade on Monday after the government announced another set of pandemic-related restrictions.