Investor profit-taking sent the British pound to a 2-week trough versus the euro and a 1-week low against the greenback.
According to the International Monetary Fund, global economic growth is set to rebound this year and expand by 6%, the fastest expansion since 1980.
EUR, AUD Rebound Against Dollar; U.S. Treasury Yields Fall; Markets Await FOMC Minutes.
The Reserve Bank of Australia decided to leave cash rates unchanged at 0.1%, in line with expectations and the bank's policy since November 2020.
S&P 500, Dow Jones 30, DAX Indices Hit New Record Highs; U.S. Treasuries Up; Forex Market Sees Dollar Dip.
The secretary-general of the Japanese Liberal Democratic Party said that a complementary budget for the current fiscal year is needed in order to counter the economic effects of the COVID-19 pandemic.
S&P 500 Index Hits All-Time High Above 4000; Bitcoin Retreats from $60k; Forex Market Quiet on Easter Holiday.
Leading Forex broker AvaTrade is reportedly eyeing a £700 million valuation for its upcoming IPO on the London Stock Exchange (LSE).
Ahead of a light trading day as a result of the Good Friday holiday in many countries across the globe, Asian markets are poised to move higher after upbeat factor data helped to shift sentiment toward higher risk assets.
The regulation, which became effective on March 29, 2021, restricts leverage levels for retail CFD traders up to 30:1, a significant drop from the 400:1 leverage previously afforded traders.
Inflation Threat: True or False? Question Pervades the Market
According to Germany's Federal Statistical Office, retail sales dropped by 9% (year-on-year) in February, against expectations of a 6.3% contraction, though better than the previous month's 9.3% drop.
S&P 500 Index Hits All-Time High; USD/JPY Trading at 1-Year High; President Biden Launches $2.3 Trillion Spending Plan.
The pound sterling moved higher against its two main rivals during London trade on Wednesday as Forex traders dismiss the latest economic news from the UK.
OPEC+ recently said in a report that uncertainties linked to the advance of the COVID-19 pandemic may impact recovery in oil demand.