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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Earlier today, Eurostat, the statistics office for the European Union, released external trade data for March on the countries which share the common currency.
The dollar slipped slightly in Asian trading on Tuesday, while the Australian dollar soared after RBA minutes lessened expectations of an interest rate cut.
The Japanese government increased its rhetoric regarding the threat to intervene in the Japanese Yen’s appreciation, despite the looming G7 meeting this week.
Venezuelan President Nicolas Maduro extended the economic state of emergency in the South American country on Saturday by 60 days.
U.S. stocks fell on Friday after earnings reports from major retailers and depressed sales projections kept came in way below forecasted numbers. A decline in oil prices added additional pressure to consumer companies.
The Bank of England kept its key interest rate at a record low of 0.5% on Thursday and made no changes to its 375-billion-pound ($540.06 billion) asset purchase program.
The US Dollar edged higher versus the Japanese Yen, finding support after a member of Japan’s academia suggested that the Bank of Japan could expand Quantitative Easing measures by next month.
Crude oil futures rose 3.5 percent in overnight trading on Wednesday, following official data earlier in the day showing a 3.4-million drop in crude inventories and a fall in crude output to 8.8 million barrels per day, the lowest since the fourth quarter of 2014.
The fears of a possible Brexit are growing stronger which pushed the Pound Sterling lower versus the US Dollar and the common currency Euro.
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Asia markets fluctuated on Wednesday, as the yen nudged higher against the dollar and oil prices retreated. Regional stocks spent much of the morning in positive territory after Wall Street posted its biggest one-day rise in two months.
The yen tumbled to a two-week low against the dollar on Monday after Japan's finance minister warned that Tokyo was ready to intervene in the currency market if needed.
The US Dollar struck a fresh 10-day peak versus the Japanese Yen on concerns that the Bank of Japan’s intervention in the Yen is imminent.
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Sign up to get the latest market updates and free signals directly to your inbox.In a surprise cabinet reshuffle, Ali al Naimi has been replaced by Khalid al-Falih, current chairman of Saudi Aramco as Saudi Arabia's oil minister.
This week can be expected to be of a similar level of significance to the previous week, with Central Bank inputs due concerning only the British Pound and New Zealand Dollar.
Friday’s U.S. non-farm payroll numbers were disappointing, coming in at only 160,000, 40,000 short of forecasts and slower than the more recent 200,000 plus level.