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Read about the latest in global news in Forex and other world markets

No foreign exchange trader can ignore the importance of news to foreign exchange markets volatility. Geopolitical developments, peace or conflict situations, financial and economic data releases such as macroeconomic figures, and natural disasters all can have a significant impact on forex markets. The highly dynamic, foreign exchange markets need to keep tracking news developments.

Pay close attention to the timing and importance of this news impact, or you will find that this news is already " yesterday news."

21 April, 2021

Nasdaq
The dollar rose on Tuesday as interest rates in the United States moved in a tight range and a drop in oil prices hit crude-linked currencies. NEW YORK, April 20 (Reuters) - The dollar rose on Tuesday as interest rates in the United States moved in a tight range and a drop in oil prices hit crude-linked currencies.
Nasdaq
The dollar firmed on Tuesday amid a mix of gains and losses against major currencies as interest rates in the United States moved in a tight range and the outlook for vaccinations in Europe improved. By David Henry NEW YORK, April 20 (Reuters) - The dollar firmed on Tuesday amid a mix of gains and losses against major currencies as interest rates in the United States moved in a tight range and the outlook for vaccinations in Europe improved. After touching its lowest level in nearly seven weeks in Asia trading, the dollar index =USD rose 0.2% at 91.186 in mid-day trading in New York. The dollar has fallen in April as U.S. bond yields retreated from the 14-month highs of 1.776% reached last month. The currency and yield declines have come as evidence mounted that the Federal Reserve would be slower about tightening monetary policy than it had appeared to the market, analysts said. The 10-year Treasury yield US10YT=RRdropped to 1.56% at midday after trading in a narrow range around 1.60%. The currency and interest rate markets could be relatively calm for another few weeks as the Fed and the European Central Bank each take their time about adjusting their rate policies, said Mazen Issa, senior currency strategist at TD Securities. "There really isn't a strong catalyst in either direction this month to really break us out of ranges," Issa said. Some encouragement for the euro came from the announcement that the European Union has secured an additional 100 million doses of the COVID-19 vaccine produced by BioNTech 22UAy.DE and Pfizer PFE.N. The vaccination news suggests that the pace of Europe's recovery from the pandemic will begin to catch up with the United States and its story of faster growth, Issa said. "The FX market is moving away from this idea of full-on U.S. exceptionalism to being in a little bit more in limbo now," he said. Against the Japanese yen, the dollar edged up to 108.10 after having broken below 108 for the first time since March 5. The commodity-linked Norwegian crown hit its strongest since 2018 versus the dollar and also reached its strongest since January 2020 versus the euro NOK=D3, EURNOK=D3.
FXStreet
The Canadian dollar plummeted against its American rival amid weaker oil prices. USD/CAD settled at 1.2614. The AUD/USD pair also eased but retained the 0.7700 mark. Gold prices, on the other hand, ticked higher,
India Times
For the second time since the start of the pandemic, India on Monday figured on the US treasury department's watchlist of currency manipulators.
India Times
For the second time since the start of the pandemic, India on Monday figured on the US treasury department's watchlist of currency manipulators. The central bank's dollar purchase at 5 per cent of the GDP exceeding the 2 per cent threshold was cited as the reason.
The Financial Express
For the second time since the start of the pandemic, India on Monday figured on the US treasury department's watchlist of currency manipulators. The central bank's dollar purchase at 5 per cent of the GDP exceeding the 2 per cent threshold was cited as the reason.
FXStreet
Markets are calm after a decline on Monday but the dollar remains depressed. Mixed news about the virus and US infrastructure are eyed, while cryptocurrencies extend their decline. The US dollar is on the back foot for the second consecutive day,
Finance Magnates
Commerzbank AG has partnered with BidFX, a provider forex trading solutions for institutions, to make available the bank’s five FX algorithmic strategies on BidFX’s platform.
Reuters
The dollar firmed on Tuesday amid a mix of gains and losses against major currencies as interest rates in the United States moved in a tight range and the outlook for vaccinations in Europe improved.
Reuters
Dollar firms after dipping to lowest since March 3 * Euro strengthens * British pound tests $1.40, then eases * Graphic: World FX rates By David Henry NEW YORK, April 20 (Reuters) - The dollar

How to interpret data

We should only focus on high impact news that has the potential to generate big Forex moves, and it is key for you to know which data is important like:

  • Interest rate decision
  • Retail sales
  • Inflation (consumer price or producer price)
  • Unemployment
  • Industrial production
  • Business sentiment surveys
  • Consumer confidence surveys
  • Trade balance
  • Manufacturing sector surveys

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