Forex news now
Here are the latest Forex news and updates:
Market News
- US Dollar Strengthens: The US dollar index (DXY) has surged to a 2-week high, driven by a combination of factors including a stronger-than-expected US jobs report and a decline in US Treasury yields.
- Euro Weakens: The euro has fallen to a 2-week low against the US dollar, weighed down by concerns over the European Central Bank's (ECB) ability to stimulate the economy.
- Oil Prices Rise: Oil prices have risen to a 2-week high, driven by a decline in US crude inventories and a weaker US dollar.
- UK GDP Growth Slows: The UK's gross domestic product (GDP) growth slowed to 0.3% in the first quarter, down from 0.4% in the previous quarter, according to data from the Office for National Statistics.
Economic Indicators
- US Non-Farm Payrolls: The US added 263,000 jobs in May, exceeding expectations of 215,000, according to the Bureau of Labor Statistics.
- US Unemployment Rate: The US unemployment rate remained steady at 3.6%, its lowest level since 1969, according to the Bureau of Labor Statistics.
- German IFO Business Climate Index: The German IFO business climate index fell to 97.5 in May, down from 98.7 in April, according to the IFO Institute.
- Australian Retail Sales: Australian retail sales rose 0.4% in April, exceeding expectations of a 0.2% gain, according to data from the Australian Bureau of Statistics.
Central Bank News
- Federal Reserve: The Federal Reserve is expected to keep interest rates unchanged at its upcoming meeting, according to a survey of economists by Bloomberg.
- European Central Bank: The ECB is expected to announce a new stimulus package at its upcoming meeting, according to a report by Bloomberg.
- Bank of England: The Bank of England is expected to keep interest rates unchanged at its upcoming meeting, according to a survey of economists by Bloomberg.
Currency Pairs
- EUR/USD: The euro has fallen to a 2-week low against the US dollar, trading at 1.1145.
- GBP/USD: The pound has fallen to a 2-week low against the US dollar, trading at 1.2645.
- USD/JPY: The US dollar has risen to a 2-week high against the Japanese yen, trading at 109.45.
- AUD/USD: The Australian dollar has fallen to a 2-week low against the US dollar, trading at 0.6955.
Commodity Prices
- Oil: Oil prices have risen to a 2-week high, trading at $62.50 per barrel.
- Gold: Gold prices have fallen to a 2-week low, trading at $1,275.50 per ounce.
- Copper: Copper prices have risen to a 2-week high, trading at $2.65 per pound.
Please note that the Forex market is highly volatile and subject to rapid changes. These news and updates are intended to provide general information and should not be considered as investment advice. It's always recommended to consult with a financial advisor or conduct your own research before making any investment decisions.