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 US Dollar was broadly lower during London trade on Wednesday on growing expectations that the Federal Reserve might need to embark on more easing weighed on the currency.
The United Kingdom's Office for National Statistics announced that the Consumer Price Index stood at 0.2 percent in August (year-to-year), below the previous month's figure which was at 1 percent and over the analysts' expectations, who foresaw it to be at 0 percent.
Stocks Flat; U.S. Dollar Continues to Decline
The Pound Sterling gained ground against its key rivals during the London trade on Tuesday.
The Office for National Statistics recently reported that the unemployment rate for the United Kingdom was at 4.1 percent in the three months prior to July, remaining in line with the analysts' expectations and over the previous month's figure, which stood at 3.9 percent.
Nikkei 225 down by 0.44%; Positive Chinese Data Boosts Yuan
Ahead of an important vote on the Brexit, the Pound Sterling steadied against its two main rivals, the greenback and the Euro.
The Japanese Ministry of Economy, Trade, and Industry published its industrial production index, which showed a contraction of 15.5 percent in July (year-to-year), after dropping by 16.1 percent in the previous month.
Nikkei 225 up by 0.7%; Record New Daily Coronavirus Cases Globally
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The Euro touched a 1-week peak versus its US counterpart after the president of the European Central Bank commented that the central bank was merely monitoring the exchange rate and not using it a policy tool
In London trade on Thursday, the Euro gained ground against the greenback but currency strategists are wary of any potential move from the European Central Bank.
Yesterday, the oil markets rallied, recovering from a previous loss that was caused by the Saudi company Aramco's decision to cut its Arab light oil price.
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The Pound Sterling continues to fall against its US rival, striking a 6-week trough during Wednesday's trade in London.
The National Bureau of Statistics of China published August's Consumer Price Index, a well-known proxy for inflation, which stood at 2.4 percent in yearly terms,