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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Australia's Bureau of Statistics recently reported that the unemployment rate in November was at 6.8 percent, lower than October's 7 percent and expectations that the rate would remain unchanged.
Bitcoin Rises by 10% to Hit Record High; Most Major Currencies at Multi-Year Highs Against Dollar; Stocks Higher on U.S. Stimulus Hopes.
The latest data from the Eurozone helped to push the EUR/USD above the $1.22 level, the first such occurrence in more than 2½ years.
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The Eurozone's manufacturing sector expanded in December, according to preliminary data.
Australia Extends Trade Dispute with China; Fresh Talks Ongoing Between E.U./U.K.; Germany Implements Tough Lockdown; Stocks & Risky Assets Lower Against Dollar.
The pound sterling steadied during Tuesday's London trade after a sharp rebound on Monday as Forex traders' collective hopes are growing that a Brexit agreement will be signed.
The United States Electoral College finally cast its votes, confirming the victory of President-Elect Joe Biden.
On Friday, 11th December 2020, the GBP/USD currency pair closed the week at 1.3218, down by 1.42% from its weekly open at 1.3409.
U.S. Coronavirus Vaccinations Begin; Fresh Talks Ongoing Between E.U./U.K.; New European Lockdowns; Stocks & Risky Assets Lower Against Dollar.
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The pound sterling gained ground against its US rival during London trade on Monday after it was agreed by both parties that discussions would be extended beyond the looming deadline.
European Central Bank (ECB) Governing Council Member Francois Villeroy de Galhau said in an interview that any economic effect caused by coronavirus vaccines won't be felt until the end of 2021.
Fresh Talks Ongoing Between E.U./U.K.; Pound Jumps on Weekly Open; Stocks & Risky Assets Higher Against Dollar.
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EU and UK: No Deal Yet as Sunday is Declared a Deadline.
On Thursday, the European Central Bank left some Forex traders disappointed despite its expansion of the asset purchasing scheme.
Concerns over whether or not the UK leadership can get a deal inked with their EU counterparts has pushed the pound lower versus both the greenback and the euro during London trade.