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Daily Forex News
The G7 finance chiefs expressed their skepticism towards Facebook's attempt to issue a digital currency, as they consider that several regulatory problems should be solved before it could be launched.
According to a Japanese official, Japan is working hard on reaching an agreement with the United States, and that he expects to provide news about it in the future.
Spot silver hit its highest level recorded in four months against the U.S. Dollar yesterday, reaching a rate as high as $16.10 per ounce during the Tokyo session.
The Bank of Japan Governor Haruhiko Kuroda said on Wednesday that the bank governing board is going to debate its monetary policy this month
The European Central Bank board member Benoit Coeure said on Wednesday that the bank is ready to do what is necessary to keep the inflation levels near but below the 2% target.
The British Pound hit its lowest level recorded in twenty-seven months against the U.S. Dollar yesterday
The United Kingdom salaries rose according to recently published data by the Office for National Statistics, reaching its fastest growth pace in more than a decade.
Following the United States President statements yesterday, the Chinese claim that is misleading to claim that China needs to reach a deal with the U.S. because of their slowing down the economy, adding that the Chinese economic growth was "not bad".
Yesterday saw the U.S. stock market, as measured by the benchmark S&P 500 Index, close at the new all-time high price of 3014.30.
Aside from the release of relatively weak, although entirely predictable Chinese GDP data which appeared to have little to no impact upon markets, today is currently dominated by strength in the antipodean currencies, particularly the New Zealand Dollar.
The British Trade Secretary Liam Fox said on Monday that a post-Brexit trade agreement with the United States may take time as it's not possible to reach a deal before the Brexit happens.
China's second-quarter GDP went down to a 27-year minimum, due to a slowing down demand caused by the trade feud with the United States.
This week is likely to see a similar amount of market activity to last week, with no central bank input due except from the Reserve Bank of Australia.
The US Dollar was mixed after moving broadly higher during the Asian trading on Friday when a knee-jerk reaction to yesterday's release of unexpectedly upbeat inflation data helped to shift investor sentiment.
Weakness in the US Dollar helped to push the Pound Sterling higher and allowed it to stabilize though FX traders remain extremely cautious about the outlook for Sterling.