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Daily Forex News
The Japanese Yen moved away from the recently struck 2-week peak against the US Dollar when the North Korean government said it was still amenable to settling issues with the US even after President Trump called off June's scheduled summit with Kim Jong Un.
The Pound Sterling edged higher against the US Dollar after a surprising bit of upbeat data helped to lift it from the doldrums.
The dollar lost steam on Thursday after the release of the Federal Reserve’s last policy meeting took a dovish tone.
The Pound Sterling hit a fresh low for this year today after a disappointing reading of personal inflation results.
Asian shares were broadly lower on Wednesday after U.S. President Donald Trump announced that he was “not satisfied” with the most recent trade talks between the U.S. and China.
The Pound Sterling hit a 1-week peak against the Euro after a brief rally which occurred after an official of the Bank of England commented on the outlook for monetary policy changes, specifically as they relate to interest rate hikes.
Oil prices surged higher on Tuesday, boosted by geopolitical concerns in Venezuela and the possibility that the United States could sanction the struggling country.
The Pound Sterling struck a 5-month trough earlier today on the back of a strengthened US Dollar and ahead of data which could provide the Bank of England with the impetus for a rate hike later this year.
U.S. Treasury Secretary Steven Mnuchin announced over the weekend that the U.S.-Sino trade war is “on hold” after the countries agreed to stop their tariff threats and to find a mutually agreeable solution.
The US Dollar inched higher versus the Japanese Yen and struck a 4-month peak after a rise in yields of US Treasury instruments suggested an improving outlook for the US economy.
The Pound Sterling had earlier rallied against the US Dollar after the release of a media report which said that Britain would be amenable to remaining in the EU’s customs unit after 2021 given the inability for government negotiations to reach a detail.
Oil prices headed higher on Thursday, boosted by tightening supplies and strong demand.
The Pound Sterling was down and headed toward the 2018 low against the US Dollar amid the latest concerns over the ongoing Brexit negotiations.
The Turkish lira hit record lows on Tuesday after President Recep Tayyip Erdogan unveiled his intention to take more control of the country’s monetary policy if he wins the election next month.
The Pound Sterling was lower versus the US Dollar after the latest labor data showed that annual wage growth improved to 2.9% over the three-month period through March, largely as predicted by economists.