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 Pound Sterling edged lower against the US Dollar but remained steady versus the Euro as market players await direction from the Bank of England.
Yesterday, oil markets closed on the positive territory after markets received good news about the state of the economy.
NASDAQ 100 Closes Yesterday at All-Time High; S&P 500 Futures Hit Record; Indonesian Rupiah Weakens
The Pound Sterling struck a fresh 8-month peak versus its rival across the, largely a factor of a much weaker US Dollar.
The Reserve Bank of Australia recently announced its decision to leave the interest rates unchanged at 0.25 percent, remaining in line with the analysts' expectations.
NASDAQ 100 Closes Yesterday at All-Time High; Global Stocks Flat; U.S. Dollar Weakens
The US Dollar is poised to record a fourth consecutive monthly loss after today's trading day.
China's Federation of Logistics and Purchasing recently released the country's Purchasing Managers Index (better known as PMI) which showed an expansion on the business sector, surpassing the analysts' expectations who foresaw it to slow down.
MSCI World Index, S&P 500 & NASDAQ Close Week at Record Highs; Nikkei 225 up by almost 2%
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The US Dollar continues to hold positive momentum against most of its peer after the Federal Reserve announcement at the Jackson Hole Economic Symposium.
Against the US Dollar, the Pound traded close to the $1.32 level as market players await the beginning of the Jackson Hole economic symposium.
Yesterday, the oil markets closed mixed after the markets confirmed an important drop in crude oil inventories.
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Given a quiet week ahead, and an absence of fundamental data largely through next week, the Pound Sterling will get direction from the upcoming events at the Economic Symposium in Wyoming.
Yesterday, the oil futures market gained territory after the markets learned about a huge draw in crude oil and gasoline reserves.