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.
Asia markets traded higher on the final day of the week but were set for weekly losses as investors moved to safe haven assets amid concerns surrounding key central bank decisions and the U.K.'s upcoming June 23 referendum vote on its future within the European Union.
After the Japanese central bank failed to ease further, despite a stagnating economy, the Japanese Yen surged versus the US Dollar, gaining better than 2% to strike the strong price in nearly 24 months.
The Bank of Japan (BOJ) held rates steady Thursday, sending the yen sharply higher and sparking renewed speculation on whether policymakers would intervene to halt the currency's rise.
The Swiss Franc and Japanese Yen, both deemed safe haven currencies by FX traders, lost ground in today’s trading as appetite for risk is whetted after a rally in global equities.
Asian shares remained slightly weaker after recovering slightly from near three-week lows on Wednesday after U.S. index provider MSCI decided not to include domestic Chinese equities in its indexes.
The Pound Sterling continues to be hammered as the “horse race” that is the Brexit decision nears the wire.
The bitcoin surged to a two-year high amid expectations that the supply of the digital currency could shrink next month.
This week can be expected to be much more significant than the previous week, with Central Bank input due concerning the U.S. Dollar on Wednesday and concerning the Japanese Yen, British Pound and Swiss Franc on Thursday, with quite a lot of other important data releases due, particularly for the U.S. Dollar which is always a key driver of the Forex market.
Investors’ concerns that Britain could leave the EU are becoming widespread and impacting the Pound Sterling which hit a 3-year trough against the safe haven Japanese Yen.
Asian markets slumped Monday, ahead of central bank meetings in the U.S. and Japan this week and amid concerns over the June 23rd Brexit.
Asia markets stumbled on the final trading day of the week, as a stronger dollar weighed on commodity prices overnight and snapped Wall Street's three-day winning streak.
The Pound Sterling edged lower today as investors sought safe haven currencies as uncertainty grows regarding the upcoming referendum which will decide whether Britain remains in the EU or leaves it.
The New Zealand dollar surged to a one-year high Thursday after the Reserve Bank of New Zealand defied expectations for an interest rate cut and left the Official Cash Rate unchanged at 2.25 percent.
The US Dollar Index earlier struck a 5-week low as investors now expect the US Federal Reserve to hold off on a rate increase until much later in this year, if at all.
Oil prices jumped more than 1 percent reaching 2016 highs on Tuesday, with U.S. crude settling above $50 a barrel the first time in almost a year, on concerns of domestic stockpile drops and worries about global supply shortfalls resulting from attacks on Nigeria's oil industry.
