Bloomberg has unveiled First Word Foreign Exchange (FX) to provide customers actionable news, information and insights into the events affecting the global currency markets.

Produced by a global team of currency market experts and journalists, First Word FX will deliver 24-hour coverage of economic, geopolitical, currency-specific news in a concise, digestible format.

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The new First Word FX will provide Bloomberg subscribers with real-time insights to help them make faster, more informed investment decisions in volatile marketplace.

Robert Savage, chief strategist at FX Concepts, said: "First Word FX is perfect for anyone following or trading in the FX market. First Word FX distills the most important points to keep me informed and offers the in-depth analysis I need to understand the big picture. Bloomberg continues to be on the innovation edge in delivering FX and global macro news and analysis."

First Word FX complements the suite of FX functionality available on the Bloomberg Professional service, which includes news, data, pre- and post-trade analytics, execution platforms and communication tools, such as IB Dealing.

Tod Van Name, global head of FX and Commodities at Bloomberg, said: "First Word FX brings unique news and insights to our customers, helping them identify the drivers of individual currencies, while simultaneously monitoring the broader trends that impact the global markets."

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First Word FX will provide Bloomberg subscribers daily event previews, as well as country-specific insights through exclusive market summaries.