Yesterday forex news
Here are some of the key Forex news stories from yesterday:
Market News
- The US dollar strengthened against most major currencies, driven by a rise in Treasury yields and a decline in US jobless claims.
- The euro fell to a two-week low against the dollar, weighed down by concerns over the European Central Bank's (ECB) ability to stimulate the economy.
- The pound fell to a one-week low against the dollar, following a decline in UK retail sales and a warning from the Bank of England that the economy may be more vulnerable to Brexit uncertainty than previously thought.
- The Australian dollar fell to a one-week low against the US dollar, following a decline in Australian retail sales and a warning from the Reserve Bank of Australia that the economy may be more vulnerable to global trade tensions than previously thought.
Economic Data
- US Initial Jobless Claims: 211,000 (vs. 220,000 expected)
- US Continuing Claims: 1.69 million (vs. 1.72 million expected)
- UK Retail Sales: -0.4% (vs. -0.1% expected)
- Australian Retail Sales: -0.4% (vs. -0.1% expected)
- German ZEW Economic Sentiment: 10.4 (vs. 12.0 expected)
Central Bank News
- The European Central Bank (ECB) left interest rates unchanged, but hinted that it may consider further stimulus measures if the economy does not improve.
- The Bank of England (BoE) left interest rates unchanged, but warned that the economy may be more vulnerable to Brexit uncertainty than previously thought.
- The Reserve Bank of Australia (RBA) left interest rates unchanged, but warned that the economy may be more vulnerable to global trade tensions than previously thought.
Other News
- The US and China agreed to a temporary truce in their trade war, with the US delaying a planned increase in tariffs on Chinese goods.
- The UK and EU agreed to a revised Brexit deal, which includes a new border arrangement for Northern Ireland.
- The US Federal Reserve (Fed) released its latest Beige Book, which reported that the US economy was growing at a moderate pace.
These are just some of the key Forex news stories from yesterday. If you're looking for more information or want to stay up-to-date with the latest news, I recommend checking out a reputable Forex news source or following a Forex trading platform's news feed.