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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Oil prices remained range-bound on Monday as traders remained concerned about the tensions between the United States and China.
The US Dollar is struggling to hold onto recent gains against its major rivals in early morning trade in Asia.
Both the Euro and the US Dollar gained ground against the Pound Sterling which was under pressure from the latest data and continuing speculation of a move to a sub-zero interest rate environment.
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The U.S. dollar recovered some of this week's losses during Thursday's Asian trading session as lingering tensions between the United States and China decreased optimism
WHO reports highest daily number of new confirmed cases yet; Stock markets slip; U.S. Dollar bounces back; Coronavirus epicenter now in Latin America
In the United Kingdom, the Office of National Statistics reported earlier today that inflation hit a 4-year trough at 0.8%, below analysts' forecasts of a decline to 0.9%.
S&P 500 Index closes down yesterday but regains in Asia; Gold and Silver strong again; U.S. Dollar weak everywhere; Coronavirus epicenter now in South America
A new study released by EU scientists modeled after the practices of 16 countries suggests that fifty days of strict lockdowns followed by 30 days of openings could reduce COVID-19 deaths
The Pound Sterling edged higher against its US and European counterparts and steadied in early Tuesday trading in London.
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S&P 500 Index makes its highest daily close since 9th March; Gold and Silver come crashing back down; U.S. Dollar weakens.
Asian markets were broadly higher on Tuesday afternoon, following steep gains on Wall Street as investors found renewed optimism
The Pound Sterling remained close to a 2-month trough versus both the greenback and the Euro during London trade on Monday.
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The European Central Bank’s Chief Economist, Philip Lane said that it's unlikely that the economy will come back to its pre-crisis level before 2021.
Oil prices touched higher than $30 per barrel for the first time since March as oil producers in the United States and other countries continued to reduce production efforts.
Market updates for May 18: Gold makes a new 7-year high at $1762; stock markets recover; British Pound is weak.