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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Yesterday, the European Union told the Chinese government that if it insists on imposing the new security law on Hong Kong it should expect “very negative consequences”.
Gold trades makes multi-year high close in New York; Confirmed coronavirus cases pass 9 million; Stock markets mostly up
In London trading on Monday, the Pound edged higher against the US Dollar.
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UK's Prime Minister, Boris Johnson is set to announce the government's lockdown easing plans today, according to his office.
Gold trades close to multi-year high price; Confirmed new coronavirus cases hit all-time daily high Friday; Stock markets up a little.
The US Dollar couldn't maintain positive momentum in the Asian trading session early on Friday, after earlier gaining strength as a safe haven currency.
Ahead of the Bank of England Policy meeting, Sterling had come under some pressure and, as a result, was lower versus its European counterpart and the US Dollar.
Fears for the second wave of a coronavirus pandemic keep taking over the market sentiment, as several US states like California, Oklahoma, and Texas recently reported a spike in new infections, while China has reimposed certain restrictions in Beijing like restricting travel from overseas, given the increase of cases.
Weak economic data from Aus/NZ; Confirmed new coronavirus cases again close to all-time daily high
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The Pound Sterling edged lower against its main rivals after the release of inflation data for May which showed personal inflation falling to a level not seen since June 2016.
The coronavirus pandemic continues advancing in certain U.S. states that recently decided to reopen, increasing the fears for a second wave of the virus.
U.S. retail sales up by almost 18%; Fatal Sino-Indian border clash; Confirmed new coronavirus cases at all-time daily high
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After striking 2-week trough in yesterday's trading session, the Pound Sterling recovered ground against the greenback during Tuesday trade in London.
Yesterday, oil prices rebounded on the hope that production cuts will remain in place in light of a possible second wave of the coronavirus outbreak.
Stocks and risk assets recovery strongly; U.S. Federal Reserve announces it buy corporate bonds; North Korea threatens to send troops into DMZ