Forex News

Russian Ruble Could Weaken in the Months Ahead as Economic Data Falters

As per the Bank of Russia's macroeconomic forecast, the USD/RUB exchange rate is projected to average 70.4, 75.0, and 80.0…

2 years ago

Yen Marred by Dollar’s Uptrend as Robust Jobs Data Lifts US Bond Yields

Following seemingly jaw-dropping employment and salary numbers that seemed to entice an already aggressively hawkish Federal Reserve (Fed), and stunned…

2 years ago

Euro Rallies on Strong Eurozone GDP Data

Due to inflation and GDP numbers that were higher than expected by the market on the last trading day of…

2 years ago

South African Rand Outperforms G10 Currencies

A day after the South African Reserve Bank (SARB) attempted to dampen domestic inflation expectations and prevent currency depreciation by…

2 years ago

Kiwi Dollar Rallies on Comforting Statement of Federal Reserve’s Officials

Before the weekend, the financial markets reacted favorably to robust statistics on the US economy's growth as well as comforting…

2 years ago

Euro Could Lose Parity Against the US Dollar

The Euro barely escaped the psychologically critical threshold of parity versus the Dollar in the closing session of last week,…

2 years ago

US Manufacturing Index Hits Two-year Low in June

In the European session on Friday, the US dollar rose versus its main rivals as European markets sank on increasing…

2 years ago

UK Inflation Hits 40-Yr High of 9.10% in May

As a result of higher costs for energy and food, consumer prices in the United Kingdom increased further in May…

2 years ago

Ruble Strengthens on Bank of Russia Rate Cut & Surge in Commodity Prices

The Russian ruble plummeted to historical lows on February 28, 2022, and residents of the country started withdrawing cash, leading…

2 years ago

Dollar Strengthens as Employment Data Boosts Prospects Of Further Rate Hikes

The US dollar rallied against its rivals on Friday as economic data reflected better-than-anticipated rise in the US non-farm payrolls,…

2 years ago