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 Canadian Dollar hit an 11-yr low against the U.S. Dollar joining the other G10 nations that are being pushed down by a strong USD. ‘Monetary policy divergence’ is being felt across the board but the CAD seems to be the weakest currency within the group.
Brazil's finance minister Joaquim Levy has had enough. The leading financial figure in Latin America’s largest economy handed in his resignation late Friday and has already been replaced by Nelson Barbosa, the current planning minister, who was handpicked by left-leaning President Dilma Rousseff.
Asian shares slipped on Friday but were still on track for gains in a week which saw the depreciation of the yuan in China and the introduction of the first U.S. interest rate hike in nearly a decade.
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The US Dollar Index struck a 2-week peak following the Federal Reserve’s highly anticipated move of an increase in its benchmark lending rate.
The Federal Reserve interest rate hike Wednesday took nobody by surprise. The markets reacted accordingly with mostly strong performances all around.
The Federal Reserve today ended an era of near-zero U.S. interest rates with a rise of 0.25% in the baseline Federal Funds Rate, completely in line with market expectations. The FOMC voted unanimously in favor of the rise.
Asian stocks ticked up on Wednesday taking its cue from a jump on Wall Street; the dollar held on to its gains on the back of an uptake in Treasury yields.
Though analysts’ forecasts are practically unanimous in calling for a Federal Reserve rate hike in the coming days markets remain cautiously nervous of a surprise.
Asian shares edged up on Tuesday, moving off their session highs amid concerns about volatile crude oil prices and ahead of this week's widely anticipated U.S. interest rate increase.
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Though the US Dollar remains in high focus for the world’s traders, commodity-linked currencies are also taking center stage.
Last week was fairly active but this week coming up is the week everyone has been waiting for: this is the week when the Federal Reserve is widely expected to make the first rate hike in about nine years. Get the economic and political calendar for the popular currencies for the week of December 14, 2015 here.
The stock market ended the week with a dreary performance as the S&P 500 fell below its 100-day moving average, dropping 1.9 percent to 2,012.37 at 4 p.m. in New York and posting its worst performance since August.
Asian markets traded mixed on Friday, despite Wall Street's positive finish Thursday with record low oil prices weighing resources down and China shares trading in negative territory on news of yet another top executive gone missing.
Earlier today, the Swiss National Bank maintained its benchmark interest rates at the current low (-0.75%).
The Reserve Bank of New Zealand cut the official cash rate (OCR) to 2.5 per cent and hinted that the cost of borrowing could fall even further.