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 Index edged away from the recently struck 4-week peak after news that Trump favored Senate candidate Roy Moore lost in his bid for the open seat to Democrat Doug Jones.
Despite repeated warnings from global financial regulators and professional market analysts that bitcoin is in a dangerous bubble, the price of the crypto currency continued to climb on Wednesday
The US Dollar took a breather after its latest rally as markets ponder the likely outcome of the next Federal Reserve policy meeting due to kick off later today and conclude tomorrow with a rate decision.
A shutdown of Britain’s Forties North Sea pipeline on Monday sent Brent crude oil prices above the $65 per barrel mark on Tuesday for the first time since June 2015.
The Pound Sterling steadied during trade on Monday after Friday’s disappointing showing.
Bitcoin futures (XBT) were first traded over the weekend on the Chicago-based CBOE Global Markets exchange, but their price skyrocketed from an opening of $15,460 on Sunday evening to a high of $18,700 in only a few hours.
The US Dollar edged higher during Asian trade today; the US Dollar Index is poised to record a gain for the week against a weighted basket of its peers.
The Pound Sterling remained close to an 8-day low as FX traders monitor the latest Brexit related developments.
Bitcoin rose to over $14,000 on Wednesday afternoon, less than 24 hours after crossing the $12,000 mark.
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The possible shutdown of the US federal government has spooked investors and pushed the Dollar broadly lower as a result.
Bitcoin broke the $12,000 for the first time during Wednesday’s Asian trading session, smashing that barrier and continuing its upward climb to trade at $12,367.61 as of 2:16 p.m. HK/SIN, according to Coinbase.
The Pound Sterling fell against rivals after markets were disappointed with the latest news on the Brexit negotiations.
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The US Dollar was broadly higher on Monday after the US Senate approved legislation to overhaul the controversial US tax reform code.
The U.S. dollar gained against most of its primary trading partners on Monday morning, hitting two-week highs after the Senate passed its highly-anticipated tax bill over the weekend.