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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Stock Markets Rise But Pull Back; Mana Contracts Second Coronavirus Case After Recovering
Sterling inched lower versus its US counterpart as markets await news of more restrictions and lockdown measures in an effort to halt the resurgence of the Coronavirus in the UK.
Oil prices surged some 10 percent last week, largely due to the devastation of Hurricane Delta which slammed into the Gulf of Mexico and caused disruptions in production in the region.
Little Chance of U.S. Stimulus Agreement; Chinese Yuan Weakens; Daily New Coronavirus Cases Hit All-Time High
The greenback was broadly lower as market players wait to see if there is any positive news regarding a second round of stimulus from the federal government.
The Pound sterling moved higher during London trade today as a Brexit deal seems to finally be lining up.
According to data released by the Federal Statistical Office of Germany, German exports increased more than expected in August,
President Trump Indicates Partial Stimulus Agreement Possible; Stock Markets Higher; Daily New Coronavirus Cases Hit All-Time High
The British Sterling edged higher during London's trade on Wednesday, with a lift provided largely by rising hopes that a trade deal can be worked out with the E.U., and broad weakness in the US Dollar.
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In yearly terms, industrial production dropped by 9.6 percent in August, after dropping by 9.8 percent in July.
President Trump Withdraws from Stimulus Talks; Tweets Coronavirus Less Risky Than Flu; Stocks Knocked
The Pound Sterling edged higher against the US Dollar as FX traders dismissed the likelihood that the Bank of England will move to a negative rate environment any time soon.
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Sign up to get the latest market updates and free signals directly to your inbox.Despite the advance of the sanitary crisis, the Reserve Bank of Australia announced its decision to leave the cash rates unchanged at 0.25 percent, signaling further monetary easing to aid the performance of the Australian economy,
President Trump Improves & Returns; Says “Do Not Be Afraid of COVID”; Stocks Higher; Dollar Down
The Pound Sterling was lower against its European counterpart, though the focus remains squarely on a positive conclusion to the Brexit deal.