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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Analysts fear reduced demand of oil as virus death toll rises.
British Airways has paused all flights to and from mainland China.
The Pound Sterling was trading near to a 1-week trough versus the US Dollar as FX traders await tomorrow's policy decision from the Bank of England.
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The first meeting for the Federal Reserve in 2020 will conclude later today.
The euro sunk to a 33-month trough against the Swiss franc on Tuesday as traders bought the safe-haven franc in droves due to fears about the coronavirus and how it will continue to impact the global markets.
he Pound Sterling was weaker against both the greenback and the Euro during London trade on Tuesday as Brexit worries resurfaced.
Just as global markets began to stabilize following the “phase 1” trade deal between the United States and China, things have taken a sharp turn to the downside thanks to the rising death toll of the coronavirus in China.
Oil markets gave up the gains they made due to the increasing optimism caused by the signing of phase 1 of the trade deal between the United States and China,
The Pound Sterling steadied against its major rivals during the London trading session though FX traders are wary of this week's policy decision from the Bank of England.
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Global markets headed broadly lower on Monday, following a decline started last week that was compounded when new cases of the deadly coronavirus were discovered across the globe
The head of the European Central Bank told reporters on Thursday that downside risks continued to be a concern to the central bank,
The Swiss National Bank chairman Thomas Jordan said during an interview with Bloomberg TV that the bank doesn't engage in currency manipulation through foreign currency purchases.
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The Pound Sterling had earlier recovered from a 1-month trough against the common currency Euro of the previous session, as this week's economic data reduced
The death toll for those hit by the China-born coronavirus surged to 17 on Wednesday, from 11 earlier in the week, sending ripples of concern across the globe.
Investors' expectations that the European Central Bank is poised to express a more cautious turn has kept the Euro under pressure.