Forex Market

The US Dollar (USD) continues to show a positive performance on Wenesday, supported by an improved investors’ sentiment. The Dollar Index (DXY), which measures the performance of the USD against a basket of six major international currencies, is up by 0.45% at 93.17 earlier in the American session. The index …

The Canadian Dollar (CAD) declined against the US Dollar (USD) on Tuesday, after rising on Monday to its highest level in about two years, before recovering some of its earlier losses. The USD/CAD pair is trading lower for by 0.02% at 1.3004. The pair has been moving in a range …

The British Pound (GBP) is rising on Tuesday, supported by optimism about the United Kingdom (UK) and the European Union (EU) reaching a trade agreement for the post-Brexit stage. Significant progress has been achieved in trade talks, according to recent remarks by the British Minister of Finance, Rishi Sunak. The …

The Turkish lira recorded a new low on Monday against the US dollar, with the USD/TRY to the 8.40 area on Tuesday, but some initial resistance has begun to appear. The lira recorded the biggest one-day advance against the dollar since 2018 after traders considered the news about the dismissal …

The British Pound (GBP) declined against the US Dollar (USD) on Monday, after it was reported that a new vaccine against the Coronavirus disease (COVID-19) has proved effective in more than 90% of the tested cases. The GBP/USD pair is trading lower for the day by 0.21% at 1.3129. The …

Investment banks are expecting the Chinese Yuan to be among the gainers from the change of leadership in the United States, Reuters reported. A Joe Biden presidency is set to see efforts to calm the rising trade tensions with China, which is expected to allow Beijing to let the value …

Chief economist of the Bank of England (BoE), Andy Haldane, expressed on Monday hopes that news about a new successful COVID-19 vaccination would deliver a quick boost of confidence in the economy, Reuters reported. “I’m not close enough to know how credible today’s Pfizer announcement is, but let’s hope it …

The US Dollar (USD) rose on Monday, after it was announced that a new vaccine against the Coronavirus disease (COVID-19) has achieved a success rate of more then 90%. The Dollar index (DXY), which measures the USD performance against a basket of six international currencies, is up by 0.39% at …

Financial markets kicked off the week with optimism about the US election after all US new platforms announced that Joe Biden had won the election, even though Do Trump would not give up without a court confrontation. However, what gave a strong boost to the markets was the reports that …

The US Dollar (USD) continued to decline across the board on Friday, as the results of the US presidential elections are yet to be officially announced. The Dollar index (DXY), which measures the performance of the USD against a basket of six major international currencies, is down by 0.32% at …