Forex Market

The European Central Bank (ECB) could be ready to expand its emergency bond-buying program if necessary, according to ECB Board member Fabio Panetta. “The PEPP envelope can be further expanded and extended if warranted by the inflation outlook.”“And we stand ready to adjust all our instruments if downside risks to …

The US Dollar (USD) is opening the week with a negative performance, by declining across the board against major currencies. The Dollar Index (DXY), which measures the greenback’s performance against a basket of six international currencies, is down by 0.30% at 90.70. The index has been moving today in a …

The pound rose against the dollar and the euro thanks to hopes that Britain and the European Union would reach a free trade agreement after the decision to extend negotiations after the previous deadline expired on Sunday. The dollar traded near its lowest level in two and a half years …

Official data showed Turkey’s industrial production rose 10.2% year-on-year in October, continuing to rise for the fifth consecutive month in recovery from a slowdown caused by anti-Coronavirus pandemic closures until June. Compared to the previous month, industrial production increased 1.1% in October, according to the Turkish Statistical Institute. Turkey recorded …

The US Dollar (USD) is rising on Friday, supported by positive economic data and an improvement in inflation. The Dollar index (DXY), which measures the USD performance against a basket of six major international currencies, is up by 0.18% at 90.99. The index has been moving today in a range …

Turkey’s central bank said the country’s current account deficit narrowed in October to $273 million. The number is more than Reuters forecasts a deficit of $0.062 billion. In September, the current account deficit was $ 2.559 billion. In 2019, Turkey’s current account surplus was $ 1.674 billion.

The Turkish lira was revised on Friday after sources said the United States was preparing to impose sanctions on Turkey for its purchase of the Russian S-400 air defense system, in a move likely to worsen relations between the two NATO members. The lira was at 7.900 against the US …

The US Dollar (USD) declined on Thursday to its lowest level since April 2018, amid anticipation for a new stimulus package and news about the rollout of Coronavirus vaccines in the United States. The decline also comes after the European Central Bank (ECB) decided to maintain interest rates and expanded …

The Australian Dollar (AUD) rose on Thursday against its US counterpart (USD) to reach its highest level since June of 2018. The AUD/USD pair is trading higher for the day by around 1.1% at 0.7528. The pair has been moving throughout the day in a range between 0.7427 and 0.7533, …

According to data, unemployment in Turkey decreased to 12.7% in the third-quarter ending in September, as the economic movement accelerated between the first and second waves of the Coronavirus. The unemployment rate is the lowest since the end of 2018, when the currency crisis pushed the economy into recession. Unemployment …