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 US Dollar edged higher against many of its major rivals, finding support as a safe-haven currency as concerns over the US-Sino trade rift escalate along with fears of a worsening Covid-19 pandemic in the US.
According to data released by the General Administration of Customs of the People’s Republic of China, Chinese imports and exports rose unexpectedly in June.
Stocks sold off in last hours; U.S. takes stand against China’s maritime claims; California rolls back re-openings as coronavirus soars
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The Pound Sterling saw some positive momentum during the London trade on Monday with the GBP/USD coming close to the pair's 200-day moving average which was set at $1.27.
On Sunday, oil futures markets gave up some of Friday's gains, in light of the advance of the coronavirus epidemic around the world and the OPEC technical meeting that is taking place this week.
Precious metals strong; Friday sees record new coronavirus cases; Stocks broadly higher globally
In the US, a resurgence of new cases of Coronavirus undermined the Trump administration's hope for a swift return to economic normalcy.
The Pound Sterling made headway against its US rival after the finance minister announced his plans to provide a boost to the struggling economy.
Oil markets advanced yesterday in light of an increase in energy demand.
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Precious metals hit record highs; U.S. coronavirus cases pass 3 million; Stocks higher with NASDAQ making new all-time high
The Pound Sterling steadied during London trade on Wednesday after touching a 3-week peak on Tuesday against its main rivals, the greenback and Euro.
Yesterday oil futures markets dropped in light of a possible slower decline of world oil production and the fact that U.S. crude oil inventories increased, contradicting the analysts' expectations.
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Stock markets mixed; Precious metals remain strong; Brazilian president test positive for coronavirus as disease rages
The Pound Sterling traded close to a 3-week peak versus the US Dollar and moved higher on the Euro as FX traders await further details from the UK government on how they will provide additional support for the economy.
Yesterday the oil markets advanced, in light of a possible increase in the oil demand and tighter supply.