Forex Market

On Tuesday, August 17th, the Turkish lira touched its strongest level against the US currency in nearly two weeks after investors’ concerns about a possible further easing in monetary policy eased. The lira reached 8.39 against the dollar, rising from a closing level of 8.4550 on Monday. Last week, Turkey’s …

The Japanese Nikkei index fell for the fourth consecutive session Tuesday, August 17th as concerns about the rapidly spreading delta strain of the Coronavirus overshadowed optimism about promising results for companies. The index closed down by 0.36% to 27424.47 points, erasing its previous gains, which amounted to 0.52%, following strong …

The U.S. Dollar (USD) declined to its lowest level in about a week against the Japanese Yen (JPY) on Friday, as the greenback declined across the board after data showed a drop in consumer confidence in the United States. The USD/JPY is down for the day by about 0.74% at …

The U.S. Dollar (USD) declined on Friday touching its lowest level in about a week, after data showed a sharp drop in consumer sentiment in the United States. The preliminary reading of the University of Michigan consumer sentiment index dropped to 70.2 in the first half of August, hitting its …

The Japanese Nikkei index closed lower Friday, August 13, led by the decline in chip-related shares that tracked their US counterparts, but heavyweight Recruit Holdings held back losses thanks to its rise. The Nikkei fell 0.14% to close at 27977.15 points, while the broader Topix index gained 0.15% to 1956.39 …

Today, the U.S. Food and Drug Administration amended the emergency use authorizations for both the Pfizer-BioNTech and Moderna COVID-19 Vaccine to allow for the use of an additional dose in certain immunocompromised individuals, specifically, solid organ transplant recipients or those who are diagnosed with conditions that are considered to have …

The Sterling Pound (GBP) is declining against the U.S. Dollar (USD) on Thursday, with the greenback fluctuating against major currencies but mostly maintaining the positive territory. Meanwhile, the British Pound has declined to its level in roughly two weeks after data showed that the United Kingdom’s economy grew faster than …

The Central Bank of the Republic of Turkey (CBRT) announced on Thursday that it left its policy (one-week repo) rate unchanged at 19% as expected.  “Taking into account the high levels of inflation and inflation expectations, the current tight monetary policy stance will be maintained decisively until the significant fall …

Japanese stocks fell, after gains for four straight sessions, as chip-related stocks were hit by fears that their best days may be over with supplies returning. The worsening coronavirus infections in the country have negatively affected travel-related sectors, while waning support for Prime Minister Yoshihide Suga has raised further concerns …

Japanese stocks closed higher for the fourth consecutive session, helped by strong profits announced by Bridgestone and other companies, while the banking sector received support from the rise in US bond yields. The Nikkei index rose 0.65% to 28,070.51 points, the first close above the 28 thousand points level since …