Turkish Lira Records Fresh All-Time Low of 8.9982
The Turkish lira fell to a historic low of 8.97 per US dollar on worries about the legitimacy of monetary policy and a rising US currency. Following President Tayyip Erdogan’s demands for lower benchmark interest rates in a nation where
Read MoreSwedish Krona Plunges 0.77% Against the US Dollar on Weak Economic Data
The USDSEK increased 0.0806 or 0.92% to hit a high of 8.8215 on Wednesday from 8.7409 in the earlier trading session following a series of weak economic data (industrial output, household consumption and industrial orders) from Sweden and upbeat non-farm
Read MoreRussian Ruble Strengthens on Lifting of FY21 Growth Outlook & Plans to Increase Govt. Spending
The Russian ruble strengthened on Friday despite the report of a slowdown in Russia’s economic growth in August. The upward revision of FY21 GDP by the Russian Ministry of Economic Development and the government’s plan to increase spending in the
Read MoreBritish Pound Rebound as Bond Yields Continue to Rise
According to a seasoned Forex market trader, the British Pound has reached a turning point and it would be foolish to dump it now. The latest developments in the United Kingdom have led Brent Donnelly, President of the Spectra Markets
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