Forex Market

President of the European Central Bank, Christine Lagarde spoke before ECB Forum on Central Banking. Her speech was entitled: “Beyond the pandemic: the future of monetary policy”.Lagarde has pointed out that the economy is back from the brink, but not completely out of the woods. After a highly unusual recession, …

USD/JPY trades above the 111.00 level as the trading week started in slow motion, with the U. S. dollar edging diffidently lower against high-yielding rivals, but up roaring vs the JPY. The Japanese currency was hit by higher US Treasury yields on the 10-year note’s surge to 1.51%, its highest …

The U.S. dollar has gained for a second straight session on Monday, bolstered by the rise in Treasury yields. The U. S. dollar’s latest move is ahead of announcements by Federal Reserve speakers this week, which could support expectations of the start of asset purchase tapering before the end of …

Speaking to Dubai TV on Monday, Mohamed Hashad, Director of Research and Development at Noor Capital, discussed the current situation across global markets, with anticipation for a number of developments over the course of the week. Fed The recent Federal Reserve decision was one of the most prominent headlines on …

The CEO of the American pharmaceutical company, Pfizer, Albert Borla, indicated that normal life will return again within a year, but it is likely that it will be necessary to receive an annual dose of Corona vaccines, noting that his company is preparing within days to submit an application for …

Market sentiment dampened the appetite for high beta currencies like the Canadian dollar, so, the USD/CAD pair has dropped 40-pips on the back of the climb to new monthly highs recorded by West Texas Intermediate crude oil.In the next week, the Canadian GDP report will be the major focus of …

The U. S. dollar rose to 110.79 Japanese yen from 110.24 yen. The euro fell to USD 1.1716 from USD 1.1747.U.S. crude oil for November delivery rose 68 cents to USD 73.98 per barrel on Friday. Brent crude oil for November delivery rose 84 cents to USD 78.09 per barrel.Wholesale …

The U. S. dollar was on track for its biggest daily percentage gain against a basket of major currencies in a week during Friday’s sessions.Uncertainty over stressed Chinese Evergrande Group helped the USD bounce back from a sharp decline in the prior session. Evergrande owes $305 billion but has run …

The Turkish lira approached an all-time low on Friday as foreign investors flocked out, but bargain hunting in the local market limited losses, a day after the central bank’s unexpected decision to cut interest rates while providing a little indication of how far it could fall. The lira, which has …

On Thursday, the GBP/JPY reached a new four day high at 151.48 as market sentiment ended mixed, and it could weigh on the British pound. The cross-currency declined to a daily low of 149.53, but as the European session began and the Bank of England released its monetary policy statement, …