In Forex trading online, the dollar fell on Wednesday (25-09-20163) after four straight sessions of gains, weighed down by worries about budget gridlock in Washington that could lead to a U.S. government shutdown next week, according to Reuters.com
Congressional officials must reach a budget deal by Monday that would allow the government to keep running, but negotiations have been contentious so far.
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Some politic events are relevant and can affect the prices of certain currencies. In Forex trading online, the euro turned lower on Monday (23-09-2013), failing to hold gains, due to uncertainty over how long it will take Angela Merkel to form a coalition after her party's resounding victory in Sunday's German election, according to Reuters.
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The value of the dollar is heavily affected by the moves the U.S. Federal Reserve makes; this is why the importance of whom the next U.S. Fed. Chief will be is so important. The current program of the U.S. Fed, that is of interest for Forex trading online in the U.S. dollar, is the bond-buying program.
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In Forex trading online, the dollar slipped from a seven-week high against the yen and has changed slightly against the euro on Thursday (12-09-2013) as U.S. bond yields declined and investors speculated the Federal Reserve will be cautious about reducing stimulus when it meets next week.
The euro recouped earlier losses it made after data showing an unexpected decline in U.S. jobless claims and a contraction in euro zone industrial output.
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In Forex trading online, the dollar fell from a seven-week high against the euro on Friday after an eagerly anticipated U.S. jobs report disappointed investors hoping for data that would pave the way for the Federal Reserve to begin unwinding its monetary stimulus this month, according to Reuters.com
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The U.S. dollar continues its steady climb in the Forex trading online market despite recent uncertainty in regards to U.S. military involvement in Syria – level of involvement and time frame. As Bart Wakabayashi, head of Forex at State Street Global Markets in Tokyo concluded, "it seems like the market is tentatively concluding that any military action may not last that long and its impact on the world economy will be limited.
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Some events related with economics and politics affect the currencies price in Forex trading online, one of the situations that are currently affecting the market is the possibility of a U.S.-led military strike on Syria.
According to a report in Reuters.com this possibility hit emerging market assets hard on Wednesday (28-08-2013) and pushed oil prices higher while triggering a safe-haven run to gold and the dollar.
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In forex trading online, both the local economy (national economy) of the currency and that of other nations has an impact on the trade value of each currency. This can be seen in recent with the Japanese yen. According to Reuters, “The yen was weak across the board after a report in business daily Nikkei, which said Japanese Prime Minister Shinzo Abe is considering a corporate tax cut as a way to offset the potential economic drag of a planned hike in sales tax.”
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Forex trading online: The U.S. Federal Chairman, Ben Bernanke, gave his second speech in just two weeks on Wednesday (July 17th, 2013). In the previous week’s speech, Fed Chairman Bernanke caused a bit of a stir in the currency markets as his comments were not exactly as expected.
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Forex trading online: Federal Reserve Chairman Ben Bernanke to speak for 2nd week in a row – this week he will be testifying before Congress. After last week’s speech by Bernanke, there was a drop in the U.S. dollar. Bernanke´s speech last week was closely watched and analyzed by those involved in Forex trading online.
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