News

US Inflation Hits 13-Year High, While the Yen Records 3-Year Low

With inflationary pressures remaining strong in September, the dollar index recovered some of its earlier losses on Wednesday to trade…

3 years ago

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…

3 years ago

Swedish 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…

3 years ago

Russian 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…

3 years ago

British 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…

3 years ago

Australian Dollar Hits 5-Week Low as Prospects of Iron Ore Price Recovery Fades

Increasing worries about deteriorating global growth, as well as a drop in the price of iron ore, Australia's single largest…

3 years ago

Canadian Dollar Hits One-Month High Against Yen on Rebound in Home & Crude Prices

The Canadian dollar hit a one month high of 87.55 against the Japanese yen following the release of solid economic…

3 years ago

US Dollar Strengthens as Fed Signals Tapering as Early as November

Sculpting up turbulent trade on Wednesday, the world stock indexes reduced their gains in late-day trading and the dollar gained…

3 years ago

US Dollar Strengthens for Fourth Consecutive Day Amid Global Risk Off Sentiment

On Tuesday, the dollar index was at 93.2, near its highest level since August 23rd, as investors remained cautious ahead…

3 years ago

Goldman Sachs Forecasts BoE to Raise Interest Rates in May 2022

Citing the week's stronger-than-anticipated UK employment data, Goldman Sachs has pushed back the date when the Bank of England is…

3 years ago