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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During Asian trade on Friday, the US Dollar was penned within a narrow trading band as investors focus on the US President's response to China's recently passed national security law which will be in place for Hong Kong.
The Pound Sterling is struggling for traction against its two main rivals, the greenback and Euro, and are trading close to recent lows on media reports that the Brexit negotiations have stalled.
Across the United States economies are slowly starting to reopen.
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S&P 500 makes first daily close above 3000 and 200-day average since pandemic; Asian stocks trade mixed as Hong Kong hit; EU lays out €750 billion rescue plan
The Pound Sterling came under pressure against the US Dollar on revived strength for the greenback
According to France's INSEE official statistics agency, the French economy will contract by 20 percent in the second quarter,
S&P 500 tests 3000 and 200-day average; U.S. consumer confidence rises unexpectedly; Brazil surpasses U.S. with highest daily coronavirus death toll
The S&P 500 broke above its 200-day moving average on Tuesday and traded at less than a point below 3,000, a sign that a prolonged uptrend for the markets may be starting.
A weaker US Dollar in the overnight hours helped to boost the Pound Sterling which saw continued gains during London trade.
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According to data released by the IFO Institute, German exporters' mood improved in May, which is an important advance given the previous month's data.
S&P 500 trading above 3000 off-hours; Daily new confirmed coronavirus cases continue to ease; Coronavirus epicenter is in Latin America
Oil prices were broadly higher on Tuesday afternoon in Asia as traders remained optimistic that continued economic reopening in countries around the world would increase demand
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The US Dollar continues to struggle on Monday following its recording of a loss for last week.
According to Germany's Federal Statistics Office, capital investments dropped 6.9 percent, followed by private consumption which contracted 3.2 percent and exports which went down 3.1 percent.
Stock markets continue to rise despite US and UK holidays; Daily new confirmed coronavirus cases easing off again; Coronavirus epicenter is in Latin America