Commodity-linked currencies moved lower versus safe haven rivals during light Monday trade after the latest OPEC deal failed to assuage nervous jitters.
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 United Kingdom's Prime Minister Boris Johnson was finally released from the hospital, after spending seven nights at St Thomas' Hospital
Market Updates for April 13: Major U.S. stock indices have regained half of the value lost during its recent fall from peak to low – exceeding this would be technically significant.
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Oil prices were broadly higher during Monday’s Asian trading session after Russia and Saudi Arabia confirmed a new agreement for oil production cuts after days of intense negotiations.
The US Dollar is poised to record a loss for the week and was on shaky ground in early Friday trade in Asia.
The British Pound was moving close to a 1-week peak during London trade on Thursday
High risk currencies gained during early trade in Asia today on rising hopes that the spread of the Coronavirus may finally be hitting a peak in some areas
Forex Updates for April 9: Many analysts think the bottom of this bear market has already been reached, but other analysts see further strong falls.
The US Dollar is gaining interest once again as a safe haven asset as concerns over the Coronavirus return after it had seemed that the spread was slowing in New York and Europe.
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All three of Wall Street’s benchmark indexes closed lower on Tuesday after seeing significant spikes during the New York trading session
Forex Updates for April 8: Despite the gloomy global economic outlook, stock markets (especially in the U.S.A.) are still rising, and other risky assets have also been boosted.
The Pound Sterling gained against major rivals during London trade on Tuesday after a rebound in riskier assets encouraged Dollar selling.
Russia just confirmed its participation in the OPEC+ meeting that is taking place on April 9.
The U.S. dollar eased against the Japanese yen and its other major currency partners on Tuesday afternoon in Asia
April 7: Despite the gloomy global economic outlook, stock markets (especially in the U.S.A.) rose strongly yesterday, and other risky assets were also boosted.