Forex News

Turkish Lira Strengthens on Strong Rate Hike & Positive Economic Data

The Turkish lira strengthened to 7.20 per US dollar after the central bank of Turkey (Türkiye Cumhuriyet Merkez Bankası, TCMB)…

4 years ago

US Housing Starts Hit 6-Month Low as 10Y Bond Yield Hits 13-Month High

The US Treasuries with 10-year maturity period recorded a yield of 1.65% against the backdrop of Fed monetary policy decision…

4 years ago

Strong Job Additions Propel Canadian Dollar to Two Week High

The Canadian dollar breached two-week high of 1.25 per US dollar in mid-March, against the backdrop of upbeat labor market…

4 years ago

Japanese Yen Hits 9-Month Low Against US Dollar

The Japanese yen declined 0.376 points or 0.35% to trade at 108.85 against the greenback Wednesday, reflecting a 9-month low…

4 years ago

BMO Capital – Australian Dollar to Breach 0.80 Versus US Dollar

The Aussie’s valuation saw another round of upward revision from analysts following the report of historically high trade surplus data…

4 years ago

Ruble Strengthens On Series of Better Economic Data

The Russian ruble has been recovering for the past few weeks to trade at around $74, after hitting a fresh…

4 years ago

Canadian Dollar Hits One-Week Low On Rising Deficit & Crude Price Declines

The Canadian dollar recorded a one-week low of 1.27 against the greenback Friday, against the backdrop of a decline in…

4 years ago

Goldman Sachs Predicts Pound to Strengthen Considerably Against Swiss Franc

Currency strategists at multinational Wall Street giant Goldman Sachs has stated that the underlying momentum in the Pound is robust…

4 years ago

HSBC Analysts Forecast Canadian Dollar to Hit 1.6350 Against the Pound

The GBP/CAD currency pair lost ground Friday, but the underlying bullishness on chart has encouraged Scotabank analysts to study the…

4 years ago

Analysts Forecast Pound to Hit 1.45 Against Dollar in 2021

According to Paul Dales, an analyst at research firm Capital Economics, the pound could rebound this year to levels seen…

4 years ago