Forex Market

The US Dollar (USD) rose on Monday, after it was announced that a new vaccine against the Coronavirus disease (COVID-19) has achieved a success rate of more then 90%. The Dollar index (DXY), which measures the USD performance against a basket of six international currencies, is up by 0.39% at …

Financial markets kicked off the week with optimism about the US election after all US new platforms announced that Joe Biden had won the election, even though Do Trump would not give up without a court confrontation. However, what gave a strong boost to the markets was the reports that …

The US Dollar (USD) continued to decline across the board on Friday, as the results of the US presidential elections are yet to be officially announced. The Dollar index (DXY), which measures the performance of the USD against a basket of six major international currencies, is down by 0.32% at …

The British Pound (GBP) is close to ending the week at its best level since late September, supported by strong gains and the decline of the US Dollar (USD) amid elections uncertainty. The GBP/USD pair is trading higher by 0.02% at 1.3151. The pair has been moving in a range …

The Canadian Dollar (CAD) reaffirmed its gains against the US Dollar (USD) on Friday, rising to its best level since the beginning of September. This comes despite employment data in Canada coming below expectations. The USD/CAD is trading lower for the day by 0.09% at 1.3033. The pair earlier reached …

Turkey has not tightened policy enough to support the lira, which hit a new low on Friday, a senior analyst at Fitch Ratings said, and that the country’s foreign exchange reserves and external financing remain weaknesses. “more pressure from the currency, double-digit inflation and the erosion of foreign exchange reserves …

The British Pound (GBP) is rising against the US Dollar (USD), as the latter is declining across the board. This comes amid the continued uncertainty surrounding the outcomes of the presidential elections. The GBP/USD is trading higher by 0.81% at 1.3093. The pair has been moving in a range between …

The Australian Dollar (AUD) rose against the US Dollar (USD) to its highest level in about seven weeks. This comes as the USD declined across the board amid the continued uncertainty surrounding the outcomes of the presidential elections. The AUD/USD pair is trading higher by 1.14% at 0.7264, its highest …

The US Dollar (USD) declined on Thursday to its lowest level in about seven months, as uncertainties continue about the outcomes of the US presidential elections. The Dollar Index (DXY) is down for the day by 0.79% at 92.67. The index, which measures the USD performance against a basket of …

The Canadian Dollar (CAD) rose against its US counterpart (USD) on Thursday to its highest level in eight weeks. This comes as the USD declined across the board amid the continued uncertainty surrounding the outcomes of the presidential elections. The CAD is up by 0.56% against the USD, with the …