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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For lack of a driver for its own impetus, the Pound Sterling was given support by a US Dollar that has broadly weakened in recent days.
Yesterday, oil prices were mixed in light of the worsening Sino-U.S. diplomatic relationship.
Gold and Silver hit record highs; U.S. Dollar drop accelerates; Euro advances to new high; Forex market comes alive
The US Dollar Index struck a 2-year trough as concerns grow that the US economy will be unable to overcome what seems to be the inevitable resurgence of Coronavirus cases.
The US Dollar fell out of favor with FX traders during London trading on Thursday.
Yesterday oil dropped after the markets learned that the United States crude stockpiles increased and in light of the decision of the OPEC+ coalition to ease its supply cuts.
Gold and Silver hit record highs; U.S. Dollar drop accelerates; S&P 500 hits 5-month high; Forex market comes alive
The Pound Sterling eased back and away from the recently struck 1 ½ month peak as worries escalate around a no-Deal Brexit.
Yesterday the oil markets posted important gains, in light of the approval of the European Union stim-ulus plan and due to the rising hopes for the discovery of a Covid-19 vaccine.
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Gold and Silver hit record highs; U.S. Dollar drop accelerates; Euro strong; Forex market comes alive
The GBP/USD pair briefly edged above a key level during London trade on Tuesday, pushing higher by an agreement from the European Union on a much-needed recovery fund, as well as optimism that a vaccine for the Coronavirus may have been found.
The European Union just reached a historic deal on a stimulus plan whose purpose is aiding the economy of the bloc to recover, after five days of negotiations.
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The Euro remains close to the recently struck 19-week peak after Charles Michel, Chairman of the EU Summit, said that a fund to help EU economies recover from the ravages of the Coronavirus pandemic could include grants up to €390 billion.
According to New Zealand's Finance Minister, the economy is doing better than expected mainly due to the country's early economic and health response to the coronavirus pandemic.