Forex News

Wells Fargo Predicts Dollar Strength to Continue for the Next Two Years

On Friday, the dollar index declined against a basket of currencies, as data indicated that US consumer price inflation surged…

3 years ago

Commerzbank Forecasts Pound-Euro Rate to Hit 1.22 in First Half of 2022

As per foreign currency strategists at Commerzbank, a Frankfurt-based lender and worldwide financial solutions provider, the Pound to Euro exchange…

3 years ago

Canadian Dollar Receives Bullish Outlook from National Bank of Canada

According to the National Bank of Canada, the Canadian Dollar's recent dip just adds to its undervaluation compared to fundamentals,…

3 years ago

Aussie Rebounds Above 0.70 Vs. US Dollar as Job Advertisements Surge

After closing below 0.7000 versus the US dollar for the initial time since July 2020 on Friday, the Australian dollar…

3 years ago

Turkish Lira Hits New All-Time Low of 13.90 as Economic Sentiment Hits 5-Month Low

Turkey's lira fell to a new all-time low of 13.9 per dollar after ratings agency Fitch downgraded the country's outlook…

3 years ago

Russian Ruble Hits Seven Month Low of 76 per US Dollar

The Russian ruble slid approaching 76 per USD, the lowest since April pulled down by rising geopolitical fears, falling oil…

3 years ago

Swiss franc Rebounds from 7-month Low as New Coronavirus Variant Increases Demand for Safe Haven Assets

The Swiss franc climbed to 0.926 per US dollar, rebounding from a seven-month low of 0.937 per US dollar reached…

3 years ago

Eurodollar Hits Fresh 16-Month Low

The euro-dollar exchange rate fell by 0.0009 percent, or 0.08 percent, to 1.1271 on Monday, November 22, after falling to…

3 years ago

Mexican Peso on Course to Hit Nine-Month Low

The Mexican peso changed hands at 20.85 per USD in mid-November, almost a nine-month low of 20.97 on November 3rd,…

3 years ago

Pound Loses Gains Against US Dollar Despite First Rise in Retail Sales in Six Months

The British pound lost all of its recent gains on Friday, falling below $1.35 as traders continued to speculate on…

3 years ago