Forex Market

The British Pound (GBP) is showing a strong performance on Tuesday, supported by the decline of the U.S. Dollar (USD) and the possibility of negative rates being ruled out by the governor of the Bank of England, Andrew Bailey. The GBP is up by a little over 1% against the …

The U.S. Dollar (USD) has lost some of its recent gains on Tuesday, which were supported by the rising Treasury yields. The greenback showed recovery signs from its lowest level in about two and a half years, which it hit earlier this month, on the back of the continuing easing …

Official data showed that the unemployment rate in Turkey stabilized at 12.7% in October, unchanged from a month ago, while the labour force participation rate fell to 50%. The unemployment rate was 13.4% a year ago. During 2020, the rate remained low due to the ban on layoffs during the …

The Turkish lira fell more than 2% against the dollar, with continued gains in the US currency amid hopes of further stimulus for the US economy. The lira was at 7.47 against the dollar, compared to Friday’s closing level of 7.3550. Earlier, the pound had fallen about 2.2% to 7.52 …

The U.S. Dollar (USD) is showing recovery signs on Friday, finishing the week with a strong performance and rising across the board. The Dollar Index (DXY), which measures the greenback’s performance against a basket of six major international currencies, is up by 0.43% at 90.22. The index has been moving …

The European Central Bank said in a periodic economic bulletin that economic indicators for the eurozone indicate that the economy will contract in the last quarter of 2020. “Survey indicators point to a renewed contraction in an activity primarily affecting the services sector.” “Financial conditions in the euro area have …

The Turkish lira rose about 1% Thursday, January 7, reaching its strongest level since August 21, as the US dollar retreated to levels not seen in nearly three years. The lira, which lost about 20% of its value last year, was at 7.25 against the dollar, up from its close …

The UK services sector activity contracted more-than-expected in December, the final report from IHS Markit confirmed this Monday. The seasonally adjusted IHS Markit/CIPS UK Services Purchasing Managers’ Index (PMI) was revised lower to 49.4 in December versus 49.9 expected and a 49.9 – December’s flash reading.

The US Dollar (USD) continues to decline on Tuesday, amid improved risk sentiment among investors supporting other currencies. The Dollar Index (DXY), which measures the greenback performance against a basket of six major international currencies, is down by 0.17% at 89.72. The index has been moving today in a range …

The US Dollar (USD) is declining on Monday, opening the New Year with a negative performance amid increased risk sentiment among many investors. Hopes for new vaccines are seemingly exceeding worries from the rising number of cases in many countries, which is driving more investors towards riskier currencies. The Dollar …