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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Safe haven currencies retreated, especially the Japanese Yen, during trade in Asia, as a result of an improved trade outlook between the two largest economies, namely the U.S. and China.
The Christmas holiday may be over, but the cheer is likely to remain through the end of the year, analysts predict – if not longer.
Though there are still several more trading days left in 2019, the holiday season and the resulting low volatility have left analysts optimistic that 2019 will end with record gains.
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The British Pound remained under sell pressure as new worries about the possibility of an unruly Brexit came to the fore.
The Bank of Japan's governing council recently released the minutes of its latest meeting, where they discussed several aspects related to its current monetary policy.
Oil prices increased during the Christmas Eve session after the Russian Energy minister backed the latest OPEC decision to trim the oil supply.
The Pound Sterling is recovering steadily from last week's decline, while the US Dollar remains close to a 2-week peak following last Friday's upbeat economic data.
The European Central Bank governing council member Klaas Knot expressed his discomfort regarding the current low-interest-rate environment
Starting on January 1, 2020, China plans to cut import taxes on some 850 products that are in short supply in the country, including frozen pork and avocados.
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In Asian trade, FX traders' mounting concerns over a chaotic Brexit had earlier sent the Pound Sterling down against the greenback.
Concerns that the UK is going to be forced to withdraw from the EU at the end of 2020 without a favorable trade agreement has pushed the GBP/USD to the $1.31 level.
The Bank of Japan decided to hold the interest rates steady, as the economic outlook improved, leaving the short-term cash rate at -0.1 percent
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Donald Trump became the third U.S. president to get impeached by the House of Representatives, but the move had surprisingly little impact on the dollar.
The US Dollar steadied versus key rivals, namely the Euro and British Pound, during Wednesday trade in London
According to the Office for National Statistics, Britain's inflation rose 1.5 percent (year-to-year) in November for the second consecutive month (the lowest figure since November 2016),