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 inched higher on Friday trading in Asia, recovering from the recently struck 7-week trough on a generally improved outlook for the US economy.
Though recovering now, the US Dollar continues to be shaky and earlier struck a 7-week trough as concerns grow over a perceived protectionist stance by the US President.
The Dow Jones Industrial Index finally broke through the psychological barrier of 20,000 and is making new all-time highs.
Among major economies and world currencies, the Australian Dollar was the obvious big mover after an unexpectedly disappointing inflation reading pushed the Aussie lower.
President Donald Trump yesterday signed executive orders smoothing the way for controversial new oil pipelines between Canada and the U.S.A. on the proviso that the raw materials used in construction (or the steel at least) will be “made in America”.
The US Dollar is recovering after being hit in the overnight hours on concerns that the US President will focus primarily on protectionism and not economic growth.
The Senate Foreign Relations Committee narrowly voted by 11 votes to 10 to confirm President Trump’s Nominee for Secretary of State, Rex Tillerson.
The US Dollar Index struck a 1½ month trough following Donald Trump’s inaugural speech on Friday which appeared more protectionist than was expected.
The dollar fell on Monday following Donald Trump’s inauguration speech which hinted towards protectionism, and his follow-up speech on Sunday which raised questions about America’s long-standing trade agreements, including Trump’s desire to renegotiate the North American Free Trade Agreement (NAFTA) and to withdraw from the Trans-Pacific Partnership (TPP), a 12-nation trade pact.
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There will be a lighter news schedule this week, compared to last week which was reasonably full.
The US Dollar had held steady earlier in Friday trading in Asia but is now struggling for traction as investors ready themselves for the inauguration of Donald Trump as the 45th President of the United States.
The US Dollar Index, used by FX traders to gauge the relative strength of the greenback against a weighted basket of major rivals, edged up in early European trade, helped along by Janet Yellen.
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Sign up to get the latest market updates and free signals directly to your inbox.The U.S. dollar recovered some of its recent losses during Thursday’s Asian session as fallout from Federal Reserve Chair Janet Yellen’s speech sent the dollar index 0.3 percent higher to 101.22 .DXY.
The US Dollar recovered in Wednesday trading, halting the five days of declines as investors await a speech by the Federal Reserve chief, Janet Yellen.
The yen continued maintain its title as a safe haven currency since the start of the New Year on Wednesday, even as the dollar recovered slightly from its seven-week low against the yen as investors eagerly await Federal Reserve Chair Janet Yellen’s monetary policy announcements later today.