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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Wary investors gave the U.S. Dollar some minimal support but for the most part exercised caution as the monetary policy decision of the Federal Reserve Bank looms large. Get the full news analysis for June 17, 2014 here.
The U.S. Dollar edged lower against the Japanese Yen, following the trend in Japan’s equity markets which have fallen about 0.6%. Get the full news analysis for June 16, 2014 here.
The U.S. Dollar inched up versus the Japanese Yen during Friday’s Asian trading session but investors says that the greenback remains subdued as they ponder what the Federal Reserve’s next move might be given recent economic data.
Asian shares fell on Thursday, June 12, 2014 while growing violence in Iraq supported oil prices. Japan's Nikkei share average (.N225) led the retreat, falling 0.8 percent while MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.4 percent.
Nearly a week after the European Central Bank announced new stimulus measures to ensure that the Eurozone economy recovers, the Euro is languishing close to a 4-month trough relative to its U.S. counterpart, driven especially by the widening yield differential between government debt issuances.
The U.S. Dollar Index continued to firm against a basket of major rivals, holding on to gains made on Wednesday in the wake of last Friday’s labor report; the Index is used by FX traders to measure the greenback’s strength relative to its peers.
After last Friday’s surprisingly improved labor data from the U.S. the greenback moved higher against its Japanese counterpart while the Euro firmed after hitting a multi-month trough as it attempts to recover from last Thursday’s European Central Bank decision.
The Euro remained steady in the wake of a hard fall after the ECB yesterday acknowledged that the Eurozone economy needed additional stimulus in order to push itself from the low growth and low inflation trend in which it had become mired.
With the European Central Bank rate decision looming only hours away, the Euro held close to a 4-month trough during the Asian trading session as investors take a wait and see approach.
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The Euro managed to hold on to gains made overnight but analysts expect that those gains were likely limited in the wake of relatively tepid data on Eurozone inflation.
Asian stocks climbed on Tuesday, prolonging a 6 month high on the regional benchmark index, and allaying fears about a slowdown in the region’s economy. Get the full news analysis for June 3, 2014 here.
As the June European Central Bank policy meeting looms, the pressure on the Euro continues to be relentless with markets bracing for some form of easing. Get the full news analysis for June 2, 2014 here.
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With speculation growing that the European Central Bank is likely to undergo a transformation to a looser policy after its next monetary policy meeting, the Euro has been under relentless as a result. Get the full analysis for May 29, 2014 here.
After weeks of being mired down, the U.S. Dollar firmed and then steadied and the U.S. Dollar Index held close to an 8-week high against its peers following the release of new, unexpectedly improved economic data which lifted sentiment for the greenback.