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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This week should be busier than last week, with the focus falling upon the U.S. and Australian Dollars and the British Pound. There is plenty of economic data due for the U.S. Dollar, particular the non-farm payrolls, and the market will be watching closely to whether if the U.S. economy continues to move forward or is beginning to falter.
After a stellar month for beaten-down oil markets, the risk of another sharp slide downwards may be around the corner, analysts said Friday.
A Chinese manufacturing gauge for April suggested that growth may be starting to stabilize in the nation's economy after the government spurred infrastructure investment and eased monetary policy.
For the third consecutive day, the common currency Euro has pushed higher versus its main rival, the US Dollar, on growing worries over the future of the US economy.
The news is just in that the Bank of Japan (BOJ) has decided to keep its policy steady in an 8-1 vote Thursday, but it cut its forecasts for economic growth and inflation in its outlook statement.
While the FX world awaits news from the Federal Reserve to assess future Dollar direction, another world bank went and surprised markets earlier today with by leaving interest rates at current levels rather than announcing the highly expected rate cut.
As the Federal Reserve's policy-setting committee wraps up its third meeting of the year, it is still not clear to anyone when and if it will raise interest rates.
The Euro was pushed close to a 3-week high against its main rival, the US Dollar, as investors pinned their hopes that Greece was on the verge of securing new funds to avoid default.
Asian stocks pulled back from a seven-year peak scaled on Tuesday as sentiment gave way to caution ahead of the Federal Reserve's policy two-day meeting scheduled to start later in the session.
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Last week’s disappointing economic data from the US forced the US Dollar lower where it has finally steadied. The Dollar has now been under pressure for nearly seven weeks as investors ponder the likelihood of a Fed interest rate move, which put an end to the greenback’s long-term buoyancy.
Greece appeared no closer to a reforms-for-aid deal after the country's finance minister met with his euro zone counterparts on Friday.
This week can be expected to be more active than last week, with the primary focus certain to fall upon the US Federal Reserve followed by the Bank of Japan and the Royal Bank of New Zealand the following day, as all will be releasing major policy statements and announcing interest rates.
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Driven by a lack of selling, Japanese yields fell below zero for the first time since January. Two-year yields fell one basis point to minus 0.015 percent following the central bank’s move to purchase 520 billion yen in debt.
After comments from an official of the New Zealand Reserve Bank which hinted at consideration for lower interest rates, the Kiwi Dollar skidded nearly 1.5% against its US rival during the Asian and European sessions.