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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European stocks fell on Tuesday and safe-haven assets, gold and government bonds rose in price after explosions at Brussels airport and Metro stations killed twenty-three people and left close to 35 others injured.
The dollar held firm on Tuesday, extending its rebound for a second session after several Federal Reserve officials in separate appearances supported the case for a hike in interest rates at the next Fed meeting in April.
The Pound Sterling was hit hard and fast as concerns continue to grow over a possible British exit, aka Brexit, from the E.U.
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European markets are expected to open lower on Monday, following mixed trade in Asia and a drop in oil prices that continues to hit investor sentiment in global markets.
It is almost certainly going to be a much quieter week this week than last week, with a total absence of any central bank inputs concerning any major global currencies, and with public holidays scheduled in several markets. Get the economic and political calendar for the popular currencies for the week of March 21, 2016 here.
There seems to be some good news out of China. Recent data show some improvement in the economy’s activity but the country still faces downward pressure.
Oil prices saw slight increases in Asian trade on Friday reaching new highs for 2016 following strong gains the previous session.
In the wake of the Fed’s back-pedaling rhetoric, the US Dollar fell against most major currencies during today’s session.
The Federal Reserve held interest rates steady on Wednesday and indicated that moderate U.S. economic growth and strong job gains would offer opportunities for it to tighten policy this year.
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As FX traders await the upcoming Fed decision, momentum has driven the US Dollar broadly higher.
The U.S. Federal Reserve meets today and is expected to hold interest rates steady as it considers ongoing concerns about the health of the global economy as fresh signs of domestic inflation are starting to appear.
With the Bank of Japan policy decision out of the way, markets can zero in on the US Federal Reserve Bank’s next meeting which concludes tomorrow.
The Bank of Japan kept monetary policy steady on Tuesday and the RBA released the minutes of its last Monetary Policy Meeting which took place at the beginning of the month.
FX markets were relatively benign as traders await the outcomes of several key policy meetings across the globe.
Asian shares began the week in positive territory on Monday, boosted by gains on Wall Street and hints of positive data this week by central banks in two of the world’s three biggest economies.