Forex News


Forex News

Forex News

Check out the latest forex news and the latest breaking stories in live currency analysis and forecasts, live foreign exchange rates, central bank interest rates, and currency trading strategies submitted from quality forex news sources around the world. The latest in-depth stories including market coverage from the US and around the World and more.

Asian Shares Flat - Investors on Sidelines Ahead of US Fed Meet - Update

Shares in Asia were flat on Thursday, with investors on the sidelines ahead of the U.S. Federal Reserve's annual Jackson Hole meeting, set to start later in the trading day. The Nikkei Stock Average was up 0.04%, recovering from earlier declines in the session. Hong Kong's Hang Seng Index was flat, the Shanghai Composite Index was 1.1% lower and the South Korean Kospi added 0.1%.

Asia Shares Mixed; Muted Reaction to Turkey Coup Attempt, China Data Disappoints

Stocks in Asia were mixed on Monday, in a largely muted reaction to a failed coup against the Turkish government, while data out of China showed slowing home price gains. Australia's S&P ASX 200 was up 0.5% and the Hang Seng Index was up 0.2%. But the Shanghai Composite Index fell 0.1% and South Korea's Kospi was flat.

Asia Shares Gain Further on Japan Stimulus Expectations

Asian equity markets staged further gains on Wednesday, boosted by investor expectations that Japan may consider an aggressive form of policy easing to jumpstart its economy.But those gains quickly moderated after the Japanese government denied the possibility of using "helicopter money," a measure that would involve the central bank directly financing government spending or tax cuts.

 British Pound Plunges Further as Investors Flee to Yen

The British pound continued to slide against the U.S. dollar and the yen moved higher in early Asian trading on Wednesday amid the continuing fallout from the U.K.'s vote last month to leave the European Union, while China's authorities guided the yuan to its weakest level in almost six years. The U.K. currency, also known as sterling, fell 1.4% to 1.2837 and is currently trading at the lowest level in 31 years.

How Brexit Impacts China - Barron's Asia

Brexit was a major shock to the global financial market and the global economy. The full impact is still to unfold, as the exiting procedure could be complicated and could take multi-year negotiations. In our assessment, the near-term economic impact of Brexit on China is likely to be limited, but it could have important implications on China's exchange rate policy operation, the strategy in capital account liberalization, and monetary policy operation.

55 Sterling Soars After Latest Poll Favors Remaining in EU

The British pound surged on Monday, climbing by as much as 2.18% against the dollar, after an opinion poll over the weekend suggested the U.K. was leaning toward voting to stay in the European Union in this Thursday's referendum. Sterling was trading at $1.462 at 0930 GMT, setting the pound on course for its strongest one-day rally since 2009 and the financial crisis.

Home-Builder Sentiment Rose in June, NAHB Says

A gauge of home-builder sentiment rose in June, a sign of solid growth in the nation's housing market. The National Association of Home Builders housing market index rose to a seasonally adjusted level of 60 in June, the trade group said Thursday, up from 58 in May and the highest reading since January. A reading over 50 means most builders generally see conditions in the single-family housing market as positive.