Forex News

Aussie Rallies on Solid Trade Surplus Data for OctoberAussie Rallies on Solid Trade Surplus Data for October

Aussie Rallies on Solid Trade Surplus Data for October

The Aussie rallied against the greenback following the report of better than anticipated trade surplus for October. The overwhelmingly positive…

4 years ago
Spanish Manufacturing Sector Contracts in NovemberSpanish Manufacturing Sector Contracts in November

Spanish Manufacturing Sector Contracts in November

The EUR/USD pair turned volatile after the release of mixed economic data from the Europe. Following the release of weak…

4 years ago
US Dollar Records 7-Month Low as Covid-19 Infections SurgeUS Dollar Records 7-Month Low as Covid-19 Infections Surge

US Dollar Records 7-Month Low as Covid-19 Infections Surge

The dollar index declined 0.2% to reach 91.8% Friday, the lowest level since April 29th, paving way for further drop…

4 years ago
Korean Won Strengthens as Bank of Korea Maintains Benchmark RateKorean Won Strengthens as Bank of Korea Maintains Benchmark Rate

Korean Won Strengthens as Bank of Korea Maintains Benchmark Rate

The Korean won strengthened against the greenback after the Bank of Korea maintained its benchmark interest rate at a historical…

4 years ago
Dollar Rebounds From 3-month Low On Upbeat PMI DataDollar Rebounds From 3-month Low On Upbeat PMI Data

Dollar Rebounds From 3-month Low On Upbeat PMI Data

The dollar index rebounded to 92.50 Tuesday, after trading at three month low of 92 on the first day of…

4 years ago
Russian Ruble Remains at 2-month High Despite 4.7% y-o-y Contraction in October GDPRussian Ruble Remains at 2-month High Despite 4.7% y-o-y Contraction in October GDP

Russian Ruble Remains at 2-month High Despite 4.7% y-o-y Contraction in October GDP

The weak GDP data from Russia ensured a decline of the ruble to 76.10 against the greenback on Friday, but…

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

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 DealAussie Rallies on Optimism Over RCEP Deal

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

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 HighNew Zealand Dollar Hits 20-Month High

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…

5 years ago