Forex News

UK Manufacturing Output Grows at Quickest Rate in Six Years

The euro dollar declined against the pound following the release of lower-than-anticipated Spanish and German manufacturing PMI data. The increase…

4 years ago

Canadian Dollar Hits 7-Month High as Economy Gallops 6.5% m-o-m in June

The loonie rallied against the greenback to hit a seven month high of $1.304 after the recent GDP data indicated…

4 years ago

Peso Hits Historical Low as Argentina Contemplates Joining Belt & Road Initiative

The Argentine peso fell further to breach 73.80 against the greenback, the lowest level documented, after the country’s central bank…

4 years ago

Canadian Dollar Reverses From Seven-Month High on Weak Crude Prices

The US dollar is showing signs of recovering the lost ground against the Canadian dollar after the latter hit seven…

4 years ago

Why the British pound is Strengthening?

The British pound rallied against the green back to trade at 1.3110 levels due to betterment in risk appetite and…

4 years ago

US Dollar Gains On Strong Job Additions in July, 10-Year Treasury Note Hovers Near 234 Year Low

The dollar index rose to 93.4 Friday after the US employment data indicated that the economy added better-than-anticipated jobs in…

4 years ago

Latin American Economies Continue to Struggle as Philippines Enters Recession

Data published by IHS Markit indicated that Brazil services PMI (purchasing managers’ index) increased to 42.50 in July, from 35.90…

4 years ago

Argentine Peso Hits Historical Low As US Dollar Hovers Near 2-yr Low

The peso hit a historical low of $72.51 against the US dollar after the Argentine government stated that it had…

4 years ago

Fitch Downwardly Revises US Rating Outlook to Negative

Rating agency Fitch has downwardly revised the US sovereign ratings outlook to negative from stable, while affirming the debt grade…

4 years ago

Sterling Hits 5-Month High after Fed Maintains Rate

The pound rallied against the greenback to trade at about 1.2985 Thursday, representing the highest level since March 9th, as…

4 years ago