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The jump in US interest rates helped lift the greenback to new 20-year highs against the Japanese yen and pushed the euro back below $1.07. All breaking news is rated high , medium , or low depending on the how much it impacted the market. Forex Experience our FOREX.com trading platform for 90 days, risk-free. One of the most traded currency pairs in the world, representing the world’s two largest trading blocks, offers consistently tight spreads and high liquidity.

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A sigh of relief for UK investors after Boris Johnson’s leadership victory may be temporary, as focus sharpens on the nation’s worsening economy. Breaking news is defined as new information that has market-moving potential.

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Other data including GDP growth, employment, inflation and trade balance data are important. The ECB dictates interest rates for the region and can cause the euro to move significantly through other policy decisions it makes. Welcome to Technical Tuesday, a weekly report where we highlight some of the most interesting markets Forex news that will hopefully appease technical analysts and traders alike. In this week’s edition, we are getting technical on the Russell, USD/CHF and USD/JPY. USD can be influenced by labor market data – in particular non-farm payroll results and the level of unemployment – US GDP and inflation data, interest rates and the Fed.

  • The Committee was still extremely concerned about inflation risks, although it had already raised rates at the 8 previous meetings.
  • When the Bank of Mexico last met on May 12th, it hiked interest rates by 50bps from 6.5% to 7% and delivered a hawkish statement.
  • Take control of your trading with powerful trading platforms and resources designed to give you an edge.
  • Other data including GDP growth, employment, inflation and trade balance data are important.
  • Inflation had risen to its highest levels since January 2001, and revised forecasts …

Stay informed with real-time market insights, actionable trade ideas and professional guidance. dotbig trading platform Trade a wide range of forex markets plus spot metals with low pricing and excellent execution.

Eur

A general rule is that the larger the GDP of a country in the Eurozone, the larger their impact on the euro. In this regard, economic data and policy decisions in https://www.forbes.com/advisor/investing/what-is-forex-trading/ Germany can have a significant impact on EUR. Shakeups within the Eurozone, such as the United Kingdom’s Brexit, can of course cause euro volatility as well.

Member nations of the euro are all part of the EU but not all EU nations are part of the euro (e.g. Denmark). Trade with a global market leader with a proven track record of financial strength and reliability. When the Bank of Mexico last met on May 12th, it hiked interest rates https://www.goodfirms.co/company/dotbig by 50bps from 6.5% to 7% and delivered a hawkish statement. The Committee was still extremely concerned about inflation risks, although it had already raised rates at the 8 previous meetings. Inflation had risen to its highest levels since January 2001, and revised forecasts …

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