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 Pound Sterling slipped against the US Dollar during Monday’s trading session and headed back towards the recently struck 31-year low.
Following a landslide victory by Prime Minister Shinzo Abe's ruling coalition on Sunday, Japan is expected to set into motion a new set of economy-spurring measures.
There is a lighter news schedule this week, which includes input from central banks concerning the GBP and CAD, as well as some fairly important U.S. economic data later in the week. The key days this week are likely to be Wednesday, Thursday and Friday. Get the economic calendar for the week of July 11, 2016 here.
The U.S. dollar showed strength last week. Non-farm payroll released on Friday indicated that the labor market had snapped back from a downwardly revised 11k jobs (-6k private sector) to 287k (265k private sector), the strongest employment gain in eight months.
U.S. non-farm payroll data is scheduled to be released at Friday’s session and the labor market is expected to show increased strength over the previous surveys.
The minutes from the June 14-15th FOMC meeting were released Wednesday and seem to have had a slight stabilizing effect on Thursday’s market performances.
Australia’s continued government budget deficits as well as the probability of a political stalemate while the results of the last election are finally tallied may result in the country losing its AAA rating, after S&P Global Ratings lowered its outlook on the country's debt to negative.
European stocks continued to plummet on Wednesday amid continued political and economic uncertainty in the European Union (EU) following the Brexit vote.
China's yuan fell to its weakest level against the dollar since Nov 2010 on Wednesday, extending its slide to a fifth straight session after China's central bank sharply weakened its official guidance rate following the recent surge in the dollar.
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Referendums may turn out to be catchy in Europe. Less than two weeks after Britons voted on whether or not to leave the EU, a referendum in another major EU country may be coming up.
The results of the Australian election are still being tallied with 1.5 million postal and absentee votes yet unaccounted for.
The Bank of Israel bought "hundreds of millions" of dollars of foreign currency on Monday as the shekel continued to strengthen for a fifth straight session.
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There is a heavier news schedule this week, which includes input from central banks concerning the USD, GBP and AUD, as well as the key U.S. Non-Farm Payrolls data sequence.
After the initial blow of Brexit, markets breathed a slight relief by the end of last week with both U.S. and global markets bouncing back from its initial self-off.