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.
The US consumer price index (CPI) climbed 3.8% year-on-year in April, up sharply from the 3.3% gain in March and just above the market estimate of 3.7%.
Higher US Inflation Sends Stocks Lower, US Dollar Higher; Slowing of Iranian Oil Exports at Kharg Island Noted, Trump Mulls Resuming Strikes; Wheat Breaks to Long-Term High; Trump asks Xi to "Open Up" China
US CPI Data Awaits; RBI Intervenes in FX Market, Government Drafts Emergency Import Restrictions / Price Hikes; Japan Ministry of Finance Boosts Yen by Warning of Intervention; US, South Korean Equity Indices Reach Record Highs; Trump Keeps World Guessing on Iran
Iran Makes Counteroffer Far Short of US Demands, Trump Makes Displeasure Clear; Trump Continues to Threaten Iran; Crude Oil and Gasoline Higher; Stocks Remain Strong Led Higher by Tech
Trump Announces One-Week Deadline for Iran to Agree Deal, or War Resumes; Trump Optimistic on Deal; US, Korean, Japanese Stock Indices Power to New High; WTI Crude Oil Settles Near $95; Verbal Yen Intervention After USD/JPY Hits 2-Month Low
Spirits are high across the cryptocurrency ecosystem as the market appears to be waking from its crypto winter.
Trump Announces Pause in Forcible Hormuz Opening, Hints Agreement Close; US, South Korean Stock Markets Advance to New Highs; Aussie Dollar Soars; Crude Oil and Gasoline Drop
The Reserve Bank of Australia (RBA) raised its cash rate by a quarter-point to 4.35% at Tuesday’s meeting.
RBA Saw Higher Rates Needed to Manage Inflationary Risks from Energy Price Shock, Seen as Hawkish, Pushing AUD Higher; US Begins Military Action to Escort Vessels Through Strait of Hormuz, Trades Fire with Iran, Sinks "Fast Boats"; Gasoline, Brent Crude Oil Futures Close at Fresh Highs; Trump Does Not Follow Through on Iran Bombing Threat, Iran Bombs UAE Without Retaliation; Bitcoin Reaches New 3-Month High
Stock Markets Mostly Bullish, Led Higher by Tech and Asia; Bitcoin Breaks $80k to 3-Month High; President Trump Declares USA Will Militarily Escort Ships Through Strait of Hormuz
The U.S. Federal Reserve held interest rates at the benchmark federal funds rate in a range between 3.5%-3.75percent, its lowest rate since November 2022. This marked the third straight meeting that the Fed has kept rates unchanged.
Trump Preparing for Long-Term Iran Blockade, But Also Exploring Military Strike Options; Energies Rise Sharply Higher, Gasoline and WTI ETFs Reach Multi-Year Highs; Yen Weakens, USD/JPY Reaches 18-Month High >160.50; ECB, Bank of England Expected to Hold Rates
Federal Reserve Policy Meeting and Bank of Canada Today, Details Will be Watched, Rate Holds Strongly Expected; Australian Inflation Undershoots Expectations; US Stock Markets Higher on Tech Earnings Optimism; WSJ Reports Trump Preparing for Long-Term Iran Blockade
Bank of Japan Holds, but 3 Members Vote for Rate Hike; S&P 500, NASDAQ 100 Reach All-Time Highs; Energies Rise as Hormuz Remains Closed While Trump Poised to Reject Iran Offer, Gasoline Futures Reach New Highs
No US Military Action Over Weekend, Suggesting Blockade Strategy; S&P 500, NASDAQ 100 Reach All-Time Highs; Iran Offers Hormuz Deal & Postpone Nuclear Talks
