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.
Market News
Market News
According to a report published by the Federal Reserve on Thursday, US consumer debt rose at the end of 2013 for the first time in four years.
The Euro held steady against both the Japanese Yen and the U.S. Dollar during the Asian trading session after smooth sailing and solid demand for the Italian government’s sale of 5-year and 10-year sovereign bonds.
The Japanese Yen held on to earlier gains made against both the U.S. Dollar and the common currency Euro as market players focus on the likely outcome of an Italian sovereign bond sale which should help to pinpoint the Euro’s direction.
The common currency Euro dipped near to a 7-week low during Tuesday’s Asian trading session following the unexpected outcome of Italy’s Parliamentary elections.
During the Asian trading session, the Japanese Yen fell hard against the U.S. Dollar, hitting a fresh 33-month trough as investors react to rumors that the Japanese government is poised to name two well-known doves to replace the policy makers at the Bank of Japan.
The Euro edged higher to 1.3219 during the Asian trading session recovering from a sharp and broad decline on Thursday as market players view less than sterling economic data as evidence that the Eurozone’s recession continue to press onward, the result that the ECB might consider a rate cut in the months ahead.
The U.S. Dollar gained during the Asian trading session after the release of the most recent minutes from the Federal Reserve’s latest policy meeting in January.
The Japanese Yen firmed against its major rivals, with the rise attributed to investor uncertainty as to how the Japanese government will move forward with what had been clearly viewed as an aggressively loose monetary policy now that there are signs of dissension among officials, including a delay in the naming of the next Bank of Japan governor.
The Euro continues to edge lower against the U.S. Dollar following comments made yesterday by Mario Draghi, the head of the European Central Bank, who noted that the Euro’s recent rise was a risk to the Euro area’s economic outlook as well as to inflation.
The Japanese Yen weakened broadly during Monday’s trading session in Asia after the expected chastisement by the G20 members of the Japanese government’s outright manipulation of the currency failed to materialize.
The Japanese Yen gained versus both the U.S. Dollar and the Euro during the Asian session earlier as investors await some clarification from conflicting commentary out of the G20 meeting which is being held in Moscow.
The Japanese Yen edged lower against its two main rivals, the U.S. Dollar and the common currency Euro, as market players await a policy decision from the Bank of Japan which is due in a short while.
The Japanese Yen firmed during the Asian session earlier following a sharp rise inspired by investors who cut their bearish holdings after one G7 official expressed the members’ concerns about the Yen’s recent movements.
The Japanese Yen held close to its recently struck low versus the greenback during the Asian session earlier following comments made by an official of the U.S. Treasury Department in support of the Japanese government’s efforts to end its prolonged period of economic stagnation.
During the Asian trading session, the common currency Euro had slipped to a 2-week trough against its main rival the U.S. Dollar, and continues to edge off the 15-month peak struck on February 1st as markets take time to digest the ramifications of last week’s political dissension in Spain and Italy and comments made by the ECB chief, Mario Draghi.