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 Pound Sterling eased back into positive territory against both the euro and the US Dollar, though analysts expect any gains to be limited and swiftly lose momentum.
The British Labour party is considering holding a no-confidence vote against the Prime Minister Boris Johnson.
The People’s Bank of China set the official midpoint reference or the country’s currency at 7.0211 per dollar on Monday, the third straight session that the Chinese currency has fallen below the 7 per dollar level.
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This week is likely to see either a little less or a similar level of market activity to last week, with no central bank input due concerning any major currencies.
Though markets are still awaiting the official monetary decision of the Reserve Bank of Australia, they received a bit of good news from the RBA Governor as he addressed the Australian Parliament earlier today.
After news that Chinese exports edged unexpectedly higher in July, the British pound was able to recover some of its recent losses.
Chinese exports surprisingly rose in July, despite the growing trade tensions between China and the United States.
Oil futures headed significantly higher on Thursday morning in Asia after both Brent crude and U.S. WTI futures plummeted more than 4 percent on Wednesday,
The Reserve bank of New Zealand shocked markets on Tuesday with a more aggressive rate cut than had been expected.
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The Irish Prime Minister Leo Varadkar said that a no-deal Brexit seems "more likely".
The People’s Bank of China set the yuan midpoint at 6.9996 per dollar early on Wednesday after the Chinese currency sunk below the 7 per dollar mark
Though currently trading slightly higher, the British Pound remains near to recently struck multi-month lows against the Euro as fears of a hard Brexit dominates Pound sentiment.
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U.S. stock markets saw their worst day in 2019 on Monday as trade war concerns continued to worry investors and prompt selling.
With less than three months left before Britain is expected to leave the European Union, investor fears are escalating on concerns that the split will not be favorable.