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.
Most Recent
The pound sterling steadied during London trading on Wednesday, after France halted its partial blockade of the English-France border.
The Australian Bureau of Statistics reported the preliminary trade balance for November at A$1,958 million, a drop from the previous month's A$7,456 million.
Trump Slams “Wasteful” Bill Items; Market Volatility Drops; Dollar Looking Weaker; Risk Assets Rising Quietly.
The pound sterling continues to slide against the US dollar as the UK remains in lockdown as a result of another mutation of the coronavirus.
Bank of England: Cautious Summary Delivered Amidst Concerns
The United Kingdom's gross domestic product dropped by 8.6 percent in the third quarter (year-on-year), missing analysts' expectations of a 9.6 percent contraction and exceeding the previous quarter's 9.6 percent drop.
Risk-Off Swing Hits Markets on Coronavirus Fears; U.S. Congress Passes Second Stimulus; Dollar Looking Stronger; Countries Close Borders to U.K. on New Virus Strain.
Both the euro and the pound sterling came under pressure as Forex traders sought the save haven currencies, especially the greenback and the Japanese yen.
The United Kingdom's health minister recently revealed that a new, more contagious COVID-19 strain has been found in the U.K.
Bonuses & Promotions
Bitcoin’s Breakout Continues to Hit Record High; S&P 500 Index Trades at All-Time High; New Coronavirus Strains in U.K. and South Africa Cause Alarm.
The US Dollar Index, used by FX traders to gauge the relative weight of the greenback, fell to a level not seen in two years before recovering in the Asian session.
Australia's Bureau of Statistics recently reported that the unemployment rate in November was at 6.8 percent, lower than October's 7 percent and expectations that the rate would remain unchanged.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.Bitcoin Rises by 10% to Hit Record High; Most Major Currencies at Multi-Year Highs Against Dollar; Stocks Higher on U.S. Stimulus Hopes.
The latest data from the Eurozone helped to push the EUR/USD above the $1.22 level, the first such occurrence in more than 2½ years.
The Eurozone's manufacturing sector expanded in December, according to preliminary data.