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 Reserve Bank of New Zealand (RBNZ) surprised the markets with a jumbo rate cut of 0.50% on Wednesday. This brought the benchmark interest rate to 2.5%, its lowest level since July 2022. The rate decision has sent the New Zealand Dollar to a 6-month low.
The Reserve Bank of New Zealand (RBNZ) surprised the markets with a jumbo rate cut of 0.50% on Wednesday. This brought the benchmark interest rate to 2.5%, its lowest level since July 2022. The rate decision has sent the New Zealand Dollar to a 6-month low.
Gold Trades at All-Time High Above $4,029; Silver Nears New 14-Year High; Precious Metals Platinum, Palladium Reach Multi-Year Highs; Reserve Bank of New Zealand Surprises With 0.50% Rate Cut; USD/JPY Breaks to New 50-Day High; Fed to Release FOMC Minutes Today; Global Stock Markets Mostly Bullish, US Indices Near Record Highs
Precious metals, notably Gold, continue to rise strongly, as Gold reaches record highs and heads towards $4,000.
Gold Trades at All-Time High of $3,875; Silver Trades Above $4.507 at a New 14-Year High; US Dollar a Bit Weaker as US Govt Shuts Down
The Reserve Bank of Australia (RBA) maintained the cash rate at 3.60% at today’s meeting. The decision was widely expected but the Australian dollar has declined following the decision. The cash rate remains at its lowest level since April 2023.
Gold Trades at All-Time High Near $3,900; Silver Trades Above $47 at a New 14-Year High; Platinum at 12-Year High; US Dollar Weaker on Govt Shutdown Fear; RBA Keeps Rates on Hold
XRP (XRP) traded at $2.85 on Monday, up 5% from its local low of $2.70 reached on Friday Sept. 26. This recovery is fueled by increasing optimism around the possible approval of US-based spot XRP exchange-traded funds (ETF), expected in October.
Gold Trades at All-Time High Above $3,800; Silver Trades Above $47 at a 14-Year High; Platinum at Multi-Year High; Major US Equity Indices Rising; US Dollar Weaker
US GDP was revised today to an annualized rate of 3.8%, the fastest rate of growth seen in
Bitcoin Looking Heavy on $111,332; Stock Markets Declining After Two Bearish Days; Copper Jumps on Supply Issue; SNB Expected to Hold Rates at Zero
Silver Opens Week Very Strong, Gold Made New Record High Above $3,700 Friday; S&P 500, NASDAQ 100 Reached New All-Time Highs Friday; Australian Dollar Bullish After RBA Governor Testifies
The US Federal Reserve lowered the funds rate by a quarter point to 4.0%-4.25% at Wednesday’s policy meeting. The funds rate is now at its lowest level since November 2022.
US Federal Reserve Cuts Rate by 0.25%, Dot Plot Suggests 2 More Cuts in 2025, Hawkish Surprise on 2026; S&P 500, NASDAQ 100 Reach New All-Time Highs; Bank of Canada Cuts Rate by 0.25%; BoE Meets Today, Not Rate Cut Expected
US Federal Reserve Almost Universally Expected to Cut Rate by 0.25%; S&P 500, NASDAQ 100 Print New Record Highs; Gold Makes Record High Above $3,700, Silver Hits 14-Year High; Bank of Canada Also Expected to Cut by 0.25%
