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.
Most Recent
In Asian trading today, the Euro was on the defensive as investors await the outcome of the European Central Bank’s monetary policy meeting later today.
The Japanese Yen steadied against its main adversary, the U.S. Dollar, despite heavy losses incurred on Tuesday as investors’ risk appetite improved following the easing of geopolitical tensions in Ukraine.
European stock markets posted sharp losses on Monday as tensions in Ukraine escalated over the weekend with the U.S. and its allies confronting Russia about its latest move to occupy the country.
Demand for safe haven assets has increased significantly, pushing the Japanese Yen higher as a geopolitical continues to escalate in Ukraine following the mobilization of troops to counter those sent in by the government of Russia.
The U.S. Dollar steadied during Friday’s Asian trading session against both the Japanese Yen and the common currency Euro as investors’ risk appetite improved and gave the greenback the lift it needed to recoup earlier losses.
With safe haven demand rising, the U.S. Dollar Index remained close to a 2-week peak as geopolitical tensions in the Ukraine escalate with Russia implying that they were militarily ready to intervene if necessary, an implication that the U.S. warned would be considered a “grave mistake.”
The Japanese Yen steadied during the Asian trading session today as FX players shunned the greenback in the wake of falling treasury yields as a result of unexpectedly bleak economic data from the United States.
The U.S. Dollar firmed versus its major peers during Tuesday’s Asian trading session even as FX traders await further evidence that the economic recovery remains on track and reaffirms that the Federal Reserve’s decision to taper is the appropriate one.
The Euro steadied versus its main rival, the U.S. Dollar, after experiencing volatility during the unrest in the Ukraine which eventually saw the president removed from office and a transformation of the government.
Bonuses & Promotions
Better than expected labor data which showed that fewer Americans had filed for unemployment relief last week helped to lift the U.S. Dollar as investors consider that the way forward for the Federal Reserve’s tapering plans are more certain.
Demand for the safe haven Japanese Yen increased following the latest economic release out of China which showed that the preliminary factory output in February contracted for the second consecutive month, leaving investors wary that the emerging markets may be on a downward trend.
The Pound Sterling was lower against its main rival, the common currency Euro following the release off a report which showed that inflation in the U.K. fell below the target set forth by the Bank of England.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.The Japanese Yen was broadly lower as the Bank of Japan (BOJ) maintained existing monetary policy which calls for continued easing as necessary in order to devalue the Yen if it proves to be appreciating to the detriment of the Japanese economy.
Last week’s unexpectedly disappointing economic data points pushed the U.S. Dollar Index to a 6-week trough and saw the greenback falling broadly in individual trading in Asia.
The U.S. Dollar and the Index which tracks its performance both continue to be under pressure, this time the combined results of unexpectedly poor retail sales data and a rise in unemployment claims.