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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U.S. Stock Market Bullish; Dow Jones Makes Record High; Bitcoin Breaks $60k.
The greenback remained close to a 1-week trough as a safe-haven currency as investor sentiment shifted toward higher risk assets.
The European Central Bank has left its main refinancing rate and all secondary rates unchanged. The main refinancing rate remains at zero.
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The pound sterling edged higher against its US counterpart, and the GBP/USD pair moved above the $1.39 level.
Gold futures rose for the second consecutive day yesterday, gaining 0.29% during the session and closing at the 1,721.80 level.
Global Stocks Rally; USD Pushed Back; Bitcoin Fails to Break High.
The Bank of Canada released its monthly rate statement yesterday, surprising few by holding its interest rate steady at a historically low 0.25%.
The pound took a breather against the greenback during London trade on Wednesday, but analysts say that it continues to be buoyed by the government's thus-far successful vaccination program.
Yesterday, Bitcoin gained ground for the fifth consecutive day, advancing by 4.88% against the US dollar and closing the session at the $54,949.4 level.
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Greenback Dips Then Recovers; Global Stocks Mixed but Tech Rebounding; USD Approaching New Multi-Month Highs Against Yen and Euro; WTI Crude Oil Sells Off.
The pound edged up against both the euro and US dollar, boosted by the continuing progress in the UK's vaccination program and news that the BoE governor expressed cautious optimism over the economic recovery.
The US financial markets were mixed yesterday in light of the Senate's decision to back Joe Biden's $1.9 trillion stimulus bill.
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10-Year U.S. Treasury Yields Well Above 1.5%; Stocks Mixed; USD Breaks to New Multi-Month Highs Against Yen and Euro; WTI Crude Oil Hits $67.50.
Brent crude oil prices surged above $70 for the first time in a year after Houthi military forces executed an attack on Saudi Aramco production facilities.
Bank of Japan Deputy Governor Masayoshi Amamiya said that the bank must keep the yield curve "stably low" given the country's economic situation due to the impact of COVID-19.