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 edged higher against both the US Dollar and the Euro on Thursday after the latest PMI Manufacturing reading was released.
The U.S. Dollar received a small temporary boost yesterday from the release of the monthly ADP Non-Farm Employment Change data showing that the U.S. had a net monthly change of 177,000 more people in employment, just slightly ahead of the consensus forecast which was 174,000.
Unexpectedly upbeat data helped to lift the Pound Sterling against the US Dollar and the Euro. Investors have been looking to data for clarification of an economy that is maintaining momentum in the wake of the June referendum to leave the E.U.
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The U.S. Dollar rose across the board yesterday as better than expected CB Consumer Confidence numbers boosted an already strong greenback.
The Pound Sterling edged lower against the US Dollar as it appears the monetary policies for the UK and the US central banks clearly are on diverging paths.
European stocks saw an unexciting start to Tuesday’s trading day as the pan-European STOXX 600 index opened 0.17 percent higher.
In the wake of last week’s comments from the head of the US Federal Reserve Bank while at the Jackson Holy symposium, the US Dollar was broadly higher on a brighter outlook for the US economy and a subsequent interest rate hike.
At the U.S. Federal Reserve’s annual convention for global central bankers in Jackson Hole, Wyoming last week, Chair Janet Yellen took an optimistic stance about the U.S. economy – and traders took notice.
There will be a heavier news schedule this week compared to last week, dominated by the release of key U.S. Non-Farm Payrolls data on Friday, as well as some Australian and Chinese data due on Thursday.
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Wall Street ended slightly lower Thursday as investors await a much-anticipated speech by Federal Reserve Chairwoman Janet Yellen on Friday that may offer clues to the central bank’s next rate move.
Though currently under some pressure, earlier today the Pound Sterling had been trading near to a 3-week peak versus the US Dollar.
Asian stocks were mixed Thursday morning as traders pulled back, awaiting the next meeting of the FOMC and Fed Chair Janet Yellen’s decision on whether to set another rate hike in motion.
The trend of marginal moves while pushing record highs in US indices looks set to continue on Wednesday, with futures pointing to a marginally higher open on Wall Street.
The Pound Sterling edged higher versus both the US Dollar and the common currency Euro as investors speculate on the likelihood of an interest rate adjustment from the Bank of England.
The dollar moved up on Wednesday as markets looked towards the meeting of global central bankers in Wyoming and a speech by Fed Chair Janet Yellen on Friday for clues on whether the Federal Reserve is poised to hike interest rates again.