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 government's efforts to hasten the pace of the COVID-19 vaccination schedule is helping to restore confidence in the outlook for the economic recovery.
S&P 500 has best day in 10 weeks; silver falls from 8-year high; progress on U.S. stimulus; U.S. dollar begins to strengthen.
The pound sterling recovered and moved back to the recently struck 3-year peak during London trade on Monday.
According to the Wall Street Journal, the CEOs of Exxon and Chevron discussed a potential merger of both companies, given the fall in the price of crude oil this year.
Silver Rises 7% to 5-Month High; Risk Appetite Returns; U.S. Dollar Weakens.
GameStop: Day Traders Cry Foul at Robinhood and Want Justice
A shift in risk sentiment had helped to push the US Dollar into the background.
In its January 2021 policy statement, the Federal Reserve Open Market Committee painted a somewhat darker picture of the U.S. economy, with a fragile recovery under greater threat from a resilient coronavirus than it was a month ago.
The British pound couldn't maintain momentum and lost ground against both the US dollar and euro during Thursday's session in London.
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GameStop stocks have been soaring, mostly fueled by what seems to be a mob of rash investors and putting at risk the positions of some high-profile short-sellers.
U.S. Markets See Biggest Daily Drop Since October; GBP/USD Touches 2.5-Year High; U.S. Dollar Strengthens.
The pound sterling moved higher against the US dollar as Forex traders await news from the Federal Reserve Chairman.
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Markets Quiet & Aimless Before Fed; GBP/USD Touches 2.5-Year High.
The pound sterling struck a one-week low versus the US dollar and remained near to a one-week trough against the euro.