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.
Day one for shareholders of Alibaba Group Holding Ltd (BABA) was great. Week one proved less so. China’s largest e-commerce company slumped 3.7 percent to $90.46 last week after having soared 38 percent in its Sept. 19 debut on the New York Stock Exchange.
Asian stocks fell, with Australian shares leading the regional index toward its lowest close since June as bond risk rose to a three-month high after a selloff in U.S. equities. New Zealand’s dollar strengthened from a one-year low after a smaller-than-estimated trade deficit.
The U.S. Dollar eased back during the opening trading session in Asia after last Friday’s gains when the greenback was pushed to a record peak against many of its major rivals.
Alibaba Group Holding Ltd. (BABA)’s initial public offering became the biggest ever at $25 billion, after bankers exercised an option to boost the deal size by 15 percent on strong demand.
The British pound rose sharply after early results from the Scottish independence vote reinforced expectations that Scotland would remain in the United Kingdom.
The Federal Reserve announcement and Janet Yellen’s speech afterwards weren’t as clear cut as some market players might have like but it was enough to provide the U.S. Dollar with a strong surge, suggesting that most investors felt the Fed was on a hawkish path given its future interest rate projections were higher than the previous read.
European shares closed largely higher on Wednesday, as investors bet the U.S. Federal Reserve would hold off on hiking interest rates.
The U.S. Dollar was broadly higher as FX traders wait for some guidance from the Federal Reserve Bank specifically as regards the possible timing of its next rate hike and the steps it will take toward normalize the current and historical ultra loose policy.
Asian stocks rose Wednesday, halting the regional index’s longest slump in 12 years, while industrial metals climbed and Chinese money-market rates slid as the country’s central bank boosts stimulus. The dollar rose before the Federal Reserve reviews interest rates.
The Aussie Dollar lost more ground against the U.S. Dollar during Tuesday’s trading session in London, moving closer to a 4-year trough that had been struck earlier this year.
Asian shares held near one-month lows on Tuesday as investors braced for a possible hawkish shift in the U.S. Federal Reserve's policy stance as the Fed begins a two-day policy meeting later in the day.
Asian stocks stumbled to their lowest in five weeks on Monday after weak data out of China over the weekend raised concerns of a sharp slowdown in the world's second-biggest economy.
The dollar headed for its biggest weekly gain versus major peers since November and precious metals retreated as investors assessed the U.S.-rates outlook before the Federal Reserve meets next week.
The results of a recently conducted poll which shows that Scottish voters are still considering independence from the United Kingdom has sent jitters through the FX market and pushed the U.S. Dollar broadly higher, however the Pound Sterling was able to regain some recently lost ground.
Chinese stocks advanced yesterday as weaker-than-expected price data spurred speculation that the government will do more to boost growth. Australia’s dollar surged and bond yields climbed after a record jump in employment, while wheat extended declines.
