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 remained near to a multi-month low versus a weighted basket of peers as traders await the outcome of today’s Federal Reserve Bank policy meeting.
The loonie remained stable Tuesday despite a tumble in oil prices and reported some gains after the Canadian and U.S. bond yield spreads narrowed due to the softness of the USD which was being sold off in exchange for investors looking for safety and moving into the EUR, CHF and JPY.
The Euro continues to underperform despite the recent demand as a carry trade currency.
The dollar fell briefly to 114.22 against the yen during Tuesday's Asian session before bouncing back above the 115 level.
After Friday’s labor report from the US, the greenback today is once again under some pressure.
The Chinese Year of the Monkey has started today, kicking off a week of public holidays in China during which all trading will be suspended.
The coming week ahead is likely to be much quieter compared to the turmoil and volatility we have seen over recent weeks, as the overall news release agenda is exceptionally thin. Get the economic and political calendar for the popular currencies for the week of February 8, 2016 here.
The U.S. dollar wavered Thursday in anticipation of the closely watched U.S. non-farm payroll report due out later in the day which could hint at the Federal Reserve's monetary policy outlook.
The US Dollar was under pressure after speculation on the Fed’s outlook for interest rates deteriorated.
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The dollar tanked the most in seven years against major currencies as data indicating a slowdown in service industry growth fueled concern over the strength of the U.S. economy.
Bank of Japan Governor Haruhiko Kuroda said Wednesday that the central bank has “ample room” to ramp up its easing measures and is ready to cut interest rates deeper into negative territory if necessary in order to meet his ambitious inflation target.
The Japanese Yen inched higher during the Asian trading session, helped along by yet another decline in the price of oil which weighed on sentiment in risk appetite.
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China’s weak data had a one-two punch on the Forex market, with commodity-currencies suffering alongside the drive higher for safe haven pairs.
The week started off in negative territory as the yen reported wide losses on Monday and the euro struggled for support after the Bank of Japan adopted negative interest rates on Friday, increasing expectations that the European Central bank will ease policy too.