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 continued to hold close to a 3-week trough versus the common currency Euro following the release of data which suggested that the U.S. economic recovery isn’t as robust as previously thought and likely to lead to the Federal Reserve Bank to continue with its current ultra loose monetary policy.
The U.S. Dollar was facing steady pressure against the Japanese Yen after slipping more than 1% on Wednesday on renewed expectations that Fed stimulus measures might not be withdrawn in the short term.
The U.S. Dollar rallied broadly following stronger than expected economic data from the U.S. which bolstered investors’ expectations of the Federal Reserve’s pull back of some of its stimulus measures over the course of the next several months.
The Japanese Yen relinquished some of its previous gains during Tuesday’s Asian trading session as wary forex traders monitored the Japanese stock market for additional declines which were likely to impact the Yen.
The U.S. Dollar took a beating last week, against the safe haven Japanese Yen the greenback recorded its worst single week in more than a year. On Friday
With investors already skittish from Ben Bernanke’s testimony about the timeline for the scaling back of the Fed’s QE program, a rout in global equities which began in Japan and ended in Europe helped send the U.S.
The U.S. Dollar firmed on Wednesday following comments made by the Federal Reserve chairman who said that for the time being the existing monetary policy would be unchanged
The U.S. Dollar traded lower versus the Japanese Yen and moving well away from the recently struck 4½ year peak following comments made by two Federal Reserve officials who took the position that the Fed would likely maintain the status quo and not deviate from its current ultra loose policy despite some signs of economic improvement.
The U.S. Dollar weakened across the board as investors await clues from the Federal Reserve Bank as to whether or not it will continue with its ultra loose monetary policy or begin to set the stage for tightening.
The Japanese Yen edged higher and moved away from a recently struck 4½ year trough versus its main rival the U.S. Dollar following comments made by the country’s economy minister who hinted at the government’s possible satisfaction wit the Yen’s current price level.
In spite of excessive volatility following comments from one of the U.S. Federal Reserve governors who hinted at an end to the Fed’s easing measures later this year, the U.S. Dollar was able to recover and move higher versus the common currency Euro and Japanese Yen once again
While the evidence continues to mount of a recovery in the U.S. economy the reverse is true in the Eurozone where new data has given rise to speculation that the European Central Bank may now move to a more aggressive easing policy to halt the slowdown
The U.S. Dollar retreated against the Japanese Yen during the Asian session but kept within striking distance of the recent 4½ year peak; the U.S.
During the Asian trading session the U.S. Dollar Index slipped off a 5-week peak as investors’ profit taking sent the greenback broadly lower ahead of inflation and other key economic data which are likely to be the impetus for a change in the Fed’s monetary policy.
The Japanese Yen slipped back from a recently struck 4½ year low versus the U.S. Dollar though additional deterioration is likely say currency analysts now that the G7 appears to have condoned the Bank of Japan’s monetary policy of aggressive easing as a statement issued by Britain’s George Osborne said only that the Group’s commitment to avoid targeting forex rates has been complied with
