Forex News

China Manufacturing Contracts for Second Successive Month

The official NBS Manufacturing PMI for China unexpectedly fell to 49.2 in October 2021 from 49.6 a month earlier, falling…

3 years ago

Russian Ruble Strengthens to 16-Month High as Crude Demand Surges

The Russian ruble rose to a 16-month high in the final week of October, trading at 70 per USD, after…

3 years ago

Pound Holds Steady On Optimistic Economic Outlook By Finance Minister Rishi Sunak

At the end of October, the British pound traded at $1.373 per dollar as investors absorbed the UK's annual budget…

3 years ago

New Zealand Trade Deficit Widens in September

Despite news of a larger-than-expected trade deficit in September, the New Zealand dollar continues to gain ground versus the Eurodollar…

3 years ago

Euro Plunges as Bundesbank Predicts German Economic Growth to Miss Prior Outlook

The Eurodollar plunged against the greenback today following the release of poor German Ifo business climate index data. The Eurodollar…

3 years ago

US Dollar Strengthens On Fed Chair Powell’s Confirmation of ‘Tapering’ by November

Due to the hawkish remark made by US Federal Reserve Chair Jerome Powell on the Fed's bond-purchasing program on Friday,…

3 years ago

Canadian Dollar Strengthens to 3-Month High on 18-1/2 Year High Inflation

Because of the overall weakening of the dollar and the fact that oil prices have stayed around multi-year highs, the…

3 years ago

UBS Analyst – Aussie Has Further Upside Left

According to experts, the Australian Dollar has been one of the best performing global currencies over the last week, and…

3 years ago

Australian Dollar Heading for 0.7620 Against the US Dollar

The Australian Dollar is the best-performing major currency at the dawn of the new week, a trend that corresponds with…

3 years ago

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