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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The Euro earlier struck a 6-week trough as investors speculate that the European Central Bank might be force to take immediate action to prevent the Eurozone economy from further deterioration.
The Euro fell close to a 2-week trough during the Friday trading session in Asia after an unexpected drop in inflation numbers revived speculation that the European Central Bank might see their way clear to taking on additional stimulus measures in order to give the Eurozone economy a boost.
The U.S. Dollar Index remained close to a 2-week peak following the Federal Reserve Bank’s interest rate and policy decisions which were largely anticipated by market players and analysts.
The U.S. Dollar Index edged up to a briefly strike a 1-week peak as investors await the Fed’s decision regarding monetary policy and QE tapering.
As the October policy meeting gets ready to begin in the U.S. for the Federal Reserve Bank, investors are cautiously awaiting confirmation of their expectations that the central bank intends to sideline the notion of any tapering of its current bond purchase program.
The U.S. Dollar was steady versus major rivals during the Asian trading session Monday with investors wary ahead of the Federal Reserve’s 2-day policy setting meeting which begins tomorrow.
Investors now appear to be fully resigned to the fact that the Federal Reserve won’t begin tapering its monthly asset purchases anytime soon given the recent data and events, all of which is weighing heavy on the U.S. Dollar which is broadly on the defensive.
The U.S. Dollar crept higher against its major rivals during the Asian trading session but stayed close to recent trading ranges due to wary investors who are worried about the Chinese liquidity situation.
The U.S. Dollar slunk close to a 2-year trough against the common currency Euro in the wake of an unexpectedly dismal labor data which dashed investors’ hopes that the Federal Reserve might begin to withdraw its stimulus measures later this year.
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The U.S. Dollar inched higher during the Asian trading session, staying above a recently struck 8-month trough though market players are hedging their bets ahead of today’s late release of the September new private sector jobs figures from the U.S. Department of Labor.
The dust has barely settled with the end of the government stalemate, but investor worries are growing quickly as the likelihood that the Federal Reserve will implement a withdrawal of the current loose monetary policy are just as quickly evaporating.
The relief rally which followed the news that the U.S. government managed to avert a debt default was short-lived as investors now consider the economic tally of the damages sustained with the 2-week long shut down of the federal government.
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Optimism that a deal which can avert the U.S. defaulting on its debt continues to grow even as the deadline edges closer.
The U.S. Dollar firmed during the Tuesday session in Asian, touching on a 2-week peak versus the safe haven Japanese Yen after indications of an impending deal between the two main political parties in the U.S. hinted that the stalemate would soon be drawing to a close.