Forex Market

The Euro (EUR) is declining against the US Dollar (USD) on Thursday, after finishing Wednesday at its highest level in about a month at 1.1861. The EUR/USD is down by 0.36% at 1.1818, after levelling down earlier as low as 1.1812. The pair’s decline comes amid a recovery by the …

The US Dollar (USD) is showing recovery signs on Thursday, after reaching its lowest level in seven weeks yesterday. The Dollar Index (DXY), which measures the performance of the USD performance against a basket of six international currencies, is up by 0.33% for the day at 92.92. The index has …

On Thursday, the Turkish central bank kept interest rates unchanged at 10.25%, which was contrary to speculation of a large increase. A poll of 17 economists conducted by Reuters had expected the bank to raise its repurchase rate (repo) for a week 175 basis points, as forecasts ranged from increases …

The Turkish lira fell against the US dollar below the 8 for the first time, with doubts surrounding the efforts of the Turkish Central Bank to support the Turkish currency with the escalation of geopolitical tensions. The Turkish lira fell 1.2% to $ 8.0088 on Monday, the largest decline compared …

The US Dollar maintained its downward trend on Wednesday to fell to a its lowest level in about seven weeks, despite hopes for a new stimulus package in the United States. The Dollar Index (DXY), which measures the USD performance against a basket of six major international currencies, is down …

The British Pound (GBP) surged on Wednesday, supported by renewed hopes for a trade agreement between the United Kingdom (UK) and the European Union (EU). Earlier today, the EU Chief Negotiator, Michel Barnier, said an agreement is possible if both parties are ready to work constructively and in a spirit …

The Turkish lira rose to stand at less than 7.85 against the dollar on Wednesday, the highest level since the seventh of October, as investors awaited the central bank meeting this week to set the interest rate. The currency has weakened in recent weeks due to geopolitical tensions, including the …

The US Dollar (USD) declined on Tuesday amid increased concerns about the COVID-19 pandemic and uncertainty about the upcoming elections and a new economic stimulus package. The Dollar Index (DXY), which measures the performance of the USD against a basket of six major international currencies, is down by 0.41% at …

The British Pound (GBP) is declining against the US Dollar (USD) on Tuesday despite the later showing weakness across the board. This comes amid Brexit uncertainty and worries about the second wave of the Coronavirus (COVID-19) pandemic. The GBP/USD is trading lower for the day by 0.04% at 1.2943. The …

The Euro struggled to rise above the level of $ 1.18 on Tuesday as hopes for a stimulus package to help those affected by Corona in the United States dashed, dealing a blow to high-risk assets globally, as the increase in Coronavirus cases in Europe pressed the single currency. While …