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 able to make some headway against the Japanese Yen, fueled by better than expected earnings reports on Wall Street which helped to shift the market's earlier safe haven sentiment.
Unexpectedly upbeat employment data helped to push the Pound Sterling higher.
Earlier, the US Dollar came under pressure following the latest release of economic data which showed unexpectedly weak retail sales figures.
The Pound Sterling traded close to a 1-week trough as negotiators for the Brexit deal have hit a stumbling block.
A study conducted by an observatory of the digital currency market shows that the largest Bitcoin holders are a variety group that can contribute to price stability instead of destabilizing the market.
This week is likely to be more active, as there is significantly more important data scheduled for release this week compared to last week.
The two day rout in global equities is taking its toll on the US Dollar Index which was trading close to a 2-week low during Asian trade on Friday.
Though encouraging signs have crept into the negotiations between the European Union and the British government, FX traders are still wary that the trade issue surrounding the Irish borders will continue to be a sticking point that could derail the process.
As selloff on Wall Street on Wednesday sparked fears of contagion worldwide, sending Asian markets broadly lower and positioning European markets for an expected triple-digit loss on the open today.
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Before it retreated, investor optimism had helped to push the Pound Sterling to a 3½ month peak versus the Euro as the news media reported that a Brexit deal will likely be struck soon.
The U.S. dollar traded modestly lower on Wednesday morning in Asia while the British pound headed higher on hopes that a Brexit deal may be forthcoming.
The common currency Euro remained close to a 7-week trough as worries about the Italian budget persisted which raised new concerns within the European Union.
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The Pound Sterling lost momentum on Monday despite word that the British government is close to having a deal in place by next month.
Oil prices declined on Monday morning after Washington weighed the possibility of waiving some of the sanctions it plans to bring upon Iran next month.