News

Turkish Lira Rallies as Central Bank Raises Benchmark Rate to 15%

Turkish lira strengthened nearly 1% against the greenback to trade at 7.64166 after the Central Bank of Turkey (CBRT) upwardly…

4 years ago

Aussie Rallies on Optimism Over RCEP Deal

The Aussie rallied against the greenback to hit a high of 0.7330 against the backdrop of bullish stock markets and…

4 years ago

Goldman Sachs Forecasts Canadian Dollar to Strengthen Against Greenback in 2021, but Fall Against the Pound

The Canadian dollar had been underperforming this year, but global banking behemoth Goldman Sachs and BMO Capital Markets have suggested…

4 years ago

New Zealand Dollar Hits 20-Month High

The NZD/USD currency pair rallied to 20-month high of 0.6886 following the Reserve Bank of New Zealand’s decision to maintain…

4 years ago

Euro Hits 7-Week High, But Analysts Believe the Trend Will Not Last Long

The eurodollar gained against the greenback Friday to close at 1.1885, reflecting the strongest level since September 15, as investors…

4 years ago

Chinese Yuan hits 27-month High as Biden Inches Towards Victory in the US Presidential Election

The Chinese yuan gained 0.0211 or 0.32% to trade at $6.6470 against the greenback Thursday, reflecting 27-month high, following news…

4 years ago

US Dollar Index Gains 1% Week, But Chinese Yuan Leads Fray with Solid Economic Data

The US dollar index edged upwards to trade at one month high of over 94 Friday, following an extended rally…

4 years ago

Pound Dips Below 1.30 as Brexit Talks Face Roadblock

The British pound dropped below 1.30 against the greenback, against the backdrop of worries about a sharp rise in Covid-19…

4 years ago

Argentine Peso Hits Record Low Level of 78.12 Against Greenback

The Argentine peso continued its downhill movement, with the currency hitting 78.12 level against the greenback, reflecting the lowest level…

4 years ago

Pound Rallies on Post-Brexit Trade Deal Hopes

The pound rallied against its peers, including the greenback, the Canadian dollar and the euro, on reports that the UK…

4 years ago