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 yen rebounded sharply against the dollar on upbeat U.S. data Monday.
The coming week ahead is likely to be busier, with Non-Farm Payrolls data due for the USD and monthly central bank input coming for the AUD, as well as a lot of key economic data regarding several major global economies. Get the economic and political calendar for the popular currencies for the week of February 29, 2016 here.
The two-day G20 meeting ended Saturday night at a standstill.
Zhou Xiaochuan, governor of People’s Bank of China promised finance officials from the United States, Japan, Europe and other major economies that he would avoid weakening the yuan to boost sagging exports.
Ahead, FX traders are looking to two key speeches from members of the Federal Reserve Bank which might provide direction for US interest rates and thus the US Dollar in the coming months.
Asian markets were mixed Thursday as China’s stocks slumped by the most in a month and the Australian dollar fell on concerns that investment is weakening while oil resumed declines and gold advanced.
The Pound Sterling is coming under heavy sell pressure and earlier fell against the US Dollar to a level not seen in more than six years.
Crude oil inventories are scheduled to be announced this morning but oil prices slid again overnight, continuing their fall from the previous session after top exporter Saudi Arabia eliminated any hopes of cutting production.
For the third consecutive month, it was reported by the CESifo Group that Germany’s business morale took another hit.
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Asian stocks tumbled overnight, putting a break on the previous global rally. The yen climbed, while the pound declined and crude slumped.
China will host the G20 summit for 2016 culminating with the G20 Leaders' Summit in the eastern city of Hangzhou on 4-5 September 2016.
The Pound Sterling slipped versus the US Dollar on growing concerns that the United Kingdom could leave the European Union.
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Sign up to get the latest market updates and free signals directly to your inbox.Asian equity markets edged cautiously higher on Monday as investors awaited data from February industry surveys to get a feel for what is happening in the global economy.
The coming week ahead is likely to be relatively quiet, as there are no central bank actions or inputs scheduled for this week. Get the economic and political calendar for the popular currencies for the week of February 22, 2016 here.
David Cameron has set Thursday June 23 as the date for the historic referendum on whether Britain should leave the EU, after urging his deeply divided cabinet to support the package of reforms he secured in Brussels.