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
The Pound Sterling inched higher against the US Dollar during London trade on Thursday as market participants awaited news on the next set of lock down measures
The Swiss National Bank announced its decision to leave the cash rates unchanged, in the negative territory, at 0.75 percent.
S&P 500 Index Again Approaches Correction Level; U.S. Dollar Bid; British Pound Hits Low
Though broadly lower now, currency strategists say that the US Dollar is likely to maintain positive sentiment and gain ground against its rivals, especially in the Eurozone where a resurgence of the Coronavirus is weighing on sentiment.
The Reserve Bank of New Zealand announced on Wednesday its decision to leave the cash rates unchanged at 0.25 percent, a decision that is in line with the analysts' expectations.
S&P 500 Index Finally Bounces From Correction Level; Global Stocks Mixed; U.S. Dollar Bid; British Pound Hits Low
During the London trade on Tuesday, the Pound Sterling attempts to recover from the recently struck 2-month trough against the greenback.
Yesterday, oil futures markets dropped in light of the Libyan crude return to the market, and as coronavirus cases increase in Europe.
S&P 500 Index Hits Correction Level; Global Stocks Mostly Lower; ASX Hits 3-Month Low
A resurgence of the Coronavirus pandemic in Great Britain is prompting the government to consider implementing another national lockdown.
The People's Bank of China announced its decision to leave the cash rates unchanged for the fifth consecutive month, at 3.85 percent.
USD/JPY Near Long-Term Low; Stock Markets Look Shaky
The US Dollar was able to recover some lost ground against the Japanese Yen after interest in the safe haven currency was revived after the latest commentary from the Federal Reserve Bank
The Pound Sterling couldn't hold onto positive momentum against its US rival and the greenback gained strength after yesterday's Federal Reserve policy meeting, which disappointed FX traders who had expected to see a more dovish policy.
The Australian Bureau of Statistics published that the unemployment rate stood at 6.8 percent in August, dropping from the previous month's figure,