Most important forex news: markets were relatively calm on Monday during Asian trading hours, but volatility increased in the early European morning. Market participants are closely watching the political developments in the UK ahead of S&P Global publishing its final September PMI indices for Germany, Eurozone, the UK, and Canada. 

Important news for forex trading – what should a trader look out for?

Let’s take a look at important news for forex trading. At the end of the day, the US will release the ISM manufacturing PMI for September. Several FOMC policymakers, including Kansas City Fed Governor Esther George and New York Fed Chief John Williams will also make speeches later in the day.

After a modest rise on Friday, the U.S. dollar index turned south and broke below 112.00. U.S. stock index futures are trading mixed in the European session, and the benchmark 10-year U.S. Treasury bond yield is losing more than 1 percent, falling below 3.8 percent.

In Asian trading hours, data from Japan showed that the Tankan Large Manufacturing Business Activity Index fell to 8 in the third quarter, missing market expectations of 11. On the positive side, the non-manufacturing business activity index rose to 14 in the same period from 13. 

Meanwhile, Japan’s Finance Minister Shunichi Suzuki reiterated that the government keeps a close eye on exchange rate fluctuations. USD/JPY reacted to Suzuki’s comments.

Earlier we reported that American dollar rate declines against the euro and pound, and goes up against the yen.