After opening today’s American session on a lower note, the US Dollar (USD) is showing some rebound signs, especially against the Japanese Yen (JPY). The USD/JPY pair is trading higher for the day by 0.42% at 103.86. Earlier, the pair touched its highest level in about two weeks at 103.90, …
Read More »USD Opens the Week on Lower Note
The US Dollar (USD) is trading lower against major currencies on Monday, opening the week following Christmas on a negative note. The Dollar Index (DXY), which measures the greenback performance against a basket of six international currencies, is down by 0.22% at 90.12.
Read More »The Financial Times: Britain And Turkey Sign a Free Trade Agreement This Week
The Financial Times reported Sunday (December 27th) that Britain and Turkey will sign a free trade agreement on Tuesday, the first of its kind since British Prime Minister Boris Johnson reached a new trade deal with the European Union. The report said that the two countries have finalized the text …
Read More »BOJ’s Kuroda: Japan’s Economy Likely to Improve Moderately as a Trend
“Japan’s economy is likely to improve moderately as a trend,” the Bank of Japan (BOJ) Governor Haruhiko Kuroda said in a scheduled speech at the Japan Business Federation’s Board of Councillors Meeting, in Tokyo. There is high uncertainty for economic outlook as it will likely take time for vaccines to …
Read More »EUR/USD Declines as the Greenback Rises
The US Dollar (USD) is rising against the Euro (EUR) during Tuesday’s trading session, supported by strong demand for the greenback. The EUR/USD pair is trading lower by 0.67% at 1.2162. It has been moving today in a range between 1.2156 and 1.2257, after closing yesterday at 1.2244. The International …
Read More »USD Maintains Rising Streak
The US Dollar (USD) is rising across the board on Tuesday, supported by improved demand on concerns about the Coronavirus. The Dollar Index (DXY), which measures the USD performance against a basket of six major international currencies, is up by 0.67% at 90.65. The index has been moving today in …
Read More »DXY to Finish off Session Highs
The US Dollar (USD) showed a positive performance against major currencies on Monday, opening the week with support from investors’ demand spurred by concerns about a new variant of the Coronavirus. The Dollar Index (DXY), which measures the greenback performance against a basket of six international currencies, is up by …
Read More »GBP/USD Declines on New Coronavirus Variant
Announcing the discovery of a new variant of the Coronavirus in the United Kingdom (UK) has led to the decline of the British Pound (GBP) on Monday. The GBP is down by 1.12% against the US Dollar (USD), trading at 1.3372. Earlier today, the GBP/USD pair fell as low as …
Read More »GBP/USD Collapses Below 1.32
GBP/USD has collapsed below 1.32, down some 320 pips on the day. The new covid strain in the UK causing a massive sell-off amid European travel bans and potential supply-chain issues ahead of Christmas.
Read More »The Turkish Lira Drops 1% as US Dollar Rises on Coronavirus Measures
The Turkish lira declined 1% against the dollar, along with other currencies in emerging markets, as investors switched to the low-risk US dollar in light of a large number of countries tightening measures to contain Covid-19. The lira was at $7.7050, down from Friday’s closing level of 7.6280. The lira …
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