Markets News

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

Euro Hits 7-Week High, But Analysts Believe the Trend Will Not Last Long

The eurodollar gained against the greenback Friday to close at 1.1885, reflecting the strongest level since September 15, as investors…

4 years ago

Chinese Yuan hits 27-month High as Biden Inches Towards Victory in the US Presidential Election

The Chinese yuan gained 0.0211 or 0.32% to trade at $6.6470 against the greenback Thursday, reflecting 27-month high, following news…

4 years ago

Pound Dips Below 1.30 as Brexit Talks Face Roadblock

The British pound dropped below 1.30 against the greenback, against the backdrop of worries about a sharp rise in Covid-19…

4 years ago

Argentine Peso Hits Record Low Level of 78.12 Against Greenback

The Argentine peso continued its downhill movement, with the currency hitting 78.12 level against the greenback, reflecting the lowest level…

4 years ago

Pound Rallies on Post-Brexit Trade Deal Hopes

The pound rallied against its peers, including the greenback, the Canadian dollar and the euro, on reports that the UK…

4 years ago

Pound Turns Weak as Moody’s Slashes UK’s Credit Rating

The pound sterling fell 1% last week to $1.292, against the backdrop of Brexit uncertainty, stringent lockdown initiatives, likelihood of…

4 years ago

Russian Ruble Weakens on Surge in Covid-19 Cases, Weak Trade Surplus Data

The Russian ruble fell 0.5% to $77.60 yesterday following reports of a surge in Covid-19 cases for the second day…

4 years ago