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 U.S. Dollar Index slid to a 1-week low in Asian trading today as investor concerns over escalating Middle East tensions, as well as lackluster economic data from the U.S., held back the recent rise in U.S. Treasury bond yields.
Yesterday’s report that U.K. inflation continues to exceed the Bank of England’s 2% target rate gave some credence to investor speculation that a rate hike might soon be forthcoming.
In spite of recently recouping some earlier losses, the common currency Euro is expected to continue to be put under pressure; investors believe it is likely to remain within striking distance of the 3-week low struck yesterday.
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In Asian trading today, the U.S. Dollar slipped versus the Japanese Yen as exporters from Japan sold off their holdings and reaped the profits from the 83.50 Yen price.
The U.S. Dollar rose to a 1-month peak versus the Japanese Yen in Asian trading following the release of encouraging labor data from the U.S. yesterday suggesting that the all important labor market there is finally recovering.
As market players finally acknowledge that the ECB, in all probability, will not be considering an interest rate increase anytime in the near future, the common currency Euro has fallen against the U.S. Dollar in Asian trading.
The safe haven Swiss Franc remains under pressure in Asian trading today, even as market players took yesterday's benchmark interest rate hike from China in stride.
Investor hopes were all but dashed for a rate hike from the ECB later this week following the release of lackluster data from the German industrial sector.
In Asian trading today, the common currency Euro recouped earlier losses against the U.S. Dollar, yet investors remain jittery following a rise in the yields on U.S. Treasury instruments.
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The common currency Euro is under pressure in Asia today following yesterday’s ECB policy meeting.
As violence erupts on the streets of Cairo, the Euro is falling against the perceived safety of the U.S. Dollar and Japanese Yen as investors beat a hasty retreat from higher risk, commodity-based currencies.
In Asian trading today, the common currency Euro rose to its highest price in almost three months against the safe haven U.S. Dollar on renewed investor risk appetite.
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Sign up to get the latest market updates and free signals directly to your inbox.The common currency rebounded close to a 2-month peak against the U.S. Dollar in Asian trading following news that Eurozone inflation levels surged, with speculation that the European Central Bank might move to raise interest rates sooner than later.
DailyForex has your coverage of how Egyptian rioting and unrest will impact the Forex markets. Don’t trade Forex without reading these updates.
High risk currencies fell broadly in Asian trading today on investors concern that growing unrest in Tunisia and Egypt could trigger further violence in the Middle East.