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.
The U.S. Dollar Index edged away from a recently struck 7-week peak during Friday’s Asian trading session as investors anxiously await the government’s release of private sector jobs date which will either reaffirm or question the Fed’s intention to begin tapering of its long held QE program.
The U.S. Dollar moved broadly higher following Wednesday’s ADP report which showed an unexpectedly better outcome of 238,000 new private sector jobs being added in December, the largest single month’s jump in more than a year.
The U.S. Dollar held close to a 1-month peak against its major rivals during Wednesday’s Asian trading session as the result of a strong rebound on the back of unexpectedly improved trade data from the U.S.
Unexpectedly poor economic data from the United States helped to send the greenback broadly lower during Tuesday’s Asian trading session, while simultaneously giving the Yen a solid boost.
The Japanese Yen edged off of a recently struck 5-year trough against the U.S. Dollar and the common currency Euro as softness in Japanese equities gave traders a good reason to buy the safe haven currency.
The U.S. Dollar got a lift from unexpectedly upbeat economic news from the U.S. which reinforced investors’ expectations that the Fed will continue to whittle away its stimulus program.
The U.S. Dollar stayed close to a 5-year peak against its Japanese counterpart as investors turn their focus on soon to be released economic data which either will or won’t support the Fed’s decision to reduce its bond purchasing program over the course of this year.
Wall Street ended 2013 on a record high Tuesday, with both the S&P 500 and the Dow Jones Industrial Average posting annual jumps not seen since the 1990s.
The U.S. Dollar held close to a 5-year peak against the Yen during Asian trade and is poised to record the largest annual percentile gain against it in more than three decades, with the U.S. Dollar exploding by 20.9% this year.
The Japanese Yen continued to wither in strength, dropping to a fresh 5-year trough versus the U.S. Dollar during Monday’s Asian trading session, with total losses for the year now reaching more than 17%, suggesting that the combined efforts of the Japanese government’s monetary and fiscal policies have been successful at least in terms of the Yen’s depreciation.
The Yen slipped close to a 5-year low versus its main competition, i.e. the U.S. Dollar and the common currency Euro, a victim to whetted risk appetite which gave Wall Street a solid boost to fresh highs and which put pressure on low yielding currencies like the Yen.
Asian equity markets were mixed on Thursday with Japan's Nikkei at fresh six-year highs while mainland shares were dragged down by steep losses in financials.
The yen traded 0.2 percent from a five-year low against the dollar as the Bank of Japan continues unprecedented easing while the U.S. Federal Reserve begins to pare stimulus.
Better than expected consumption figures from the U.S. helped to steady the greenback during the Asian trading session as it gave rise to continued speculation that the improvement to the economic recovery would offer a boost to yields on U.S. Treasuries.
t is that time of year again! As the Forex market is centered in London and North America, traders should pay attention to their holiday season of Christmas and New Year.
