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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Oil dropped again Friday losing another nearly 3 percent in the past week and down about 50 percent year over year.
Asian shares rose slightly on the last day of the week’s trading, propelled by stocks in Hong Kong which seemed to be heading for their first week of gains in nearly two months.
The New Zealand Dollar fell earlier after the Reserve Bank of New Zealand lowered its benchmark rate.
Good news from down under today. Australian employment is on the mend, adding 17,400 jobs for the two months since July.
The US Dollar edged higher versus the Japanese Yen after safe haven demand ebbed following a global stock market rally.
Despite weak Chinese data earlier this week that had analysts questioning economic stability in the region, Asian stocks soared on Wednesday, with both Chinese and Japanese stocks rising and the Topix index advancing in all 33 sectors.
For the second consecutive day, the Pound Sterling inched higher versus the US Dollar, moving away from a 4-month trough struck last week.
China’s foreign exchange reserves saw record drops in August, falling $93.9 billion to $3.557 trillion, central bank data reported on Monday. This marks the largest monthly slump for the currency and indicates Beijing’s attempts to stabilize the yuan.
Asian stock markets mostly fell Monday following Wall Street's Friday decline. Concerned investors awaited news of the timing of a U.S. rate hike while early Chinese gains evaporated and the yen dropped.
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European shares moved up at the end of the trading day as the euro lost ground on news that Greece’s debt situation can be contained once again.
Positive PMI data from the Eurozone helped to lift the Euro higher against the Dollar, but whether that support endures remains to be seen.
While all eyes are focused on the Fed for a September interest rate increase, the latest quarterly reports are sending signals to the contrary.
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The difference in global time zones often plays to investors’ advantage, allowing them to trade almost 24/7 on markets all over the world and traders can jump in long before Wall Street wakes up for its morning session.
Both the Euro and the Japanese Yen edged higher in London trade after the release of a number of Chinese manufacturing surveys suggested further cooling of the world’s second biggest economy.