Most latest Forex News
Updated: 2 hours 15 min ago
This week will see a slightly heavier news agenda compared to last week, with central bank input due only from the Reserve Bank of Australia, plus testimony from the U.S. Federal Reserve and the Bank of England.
The US Dollar remained close to the recently struck 10-day high, which had been pushed there on expectations that the latest US inflation data would have shown an increase.
The Pound edged higher during Thursday trading as FX investors are pinning their collective hopes on the release of a “white paper” that perhaps could jump start trade negotiations between the British government and the EU leadership.
The U.S. dollar rose against the yen on Thursday, holding near six-month highs after fresh economic data reconfirmed expectations for two more interest rate hikes before the end of the year.
Cautious investors kept the Pound Sterling under pressure ahead of a speech from Mark Carney, the head of the Bank of England.
On Tuesday U.S. President Trump announced that he was going to start the process of implementing tariffs on another $200 billion of Chinese goods, and China responded quickly and harshly.
Asian markets opened lower on Wednesday after reports out of Washington confirmed that the United States would impose tariffs on another $200 billion of Chinese imports.
The US Dollar came back into favor with FX traders on renewed interest in higher risk currencies.
There are a lot of unknowns in the United Kingdom these days, but two things are certain: David Davis and Boris Johnson, two key players from Prime Minister Theresa May’s government, have opted out
The pound, originally higher on Monday, reversed dramatically after Boris Johnson announced his resignation.
All three Wall Street stock indexes opened higher on Monday as traders focused on signs of optimism rather than trade war fears.
The Pound Sterling was higher against the US Dollar on Monday as FX traders decided that the resignation of the government minister assigned to all things “Brexit” would likely not endanger Theresa May's position.
Oil prices edged higher on Monday morning in Asia as investors remain wary of the trade war sparked on Friday between the U.S. and China.