Forex News

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 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 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 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 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 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 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 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 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 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…

4 years ago