Forex Market

The US Dollar declined on Tuesday amid selling pressures for profit making and concerns about the rising number of COVID-19 cases. The Dollar Index (DXY), which measures the performance of the USD against a basket of six international currencies, is down by 0.22% at 92.84. The index has been moving …

The US Dollar rose on Monday amid an increased demand for safe havens, which is due to a surge in new COVID-19 cases. In addition, stalling talks for a new stimulus package in the United States further advanced demand, which helped the USD maintains its rising trend that started at …

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 Australian dollar fell against the US dollar during the Asian session and was hovering near the lower end of the daily trading range, just above the 0.7100 mark. The pair saw some fresh sell-offs during the first day of the week and gave up the positive movement of the …

The Japanese government is said to compile an extra budget worth around $95.5 billion to counter the economic damage induced by the coronavirus pandemic, a local newspaper, Mainichi, reported over the weekend. The government is likely to debate using the 10 trillion yen ($95.52 billion) budget to extend a labour …

The British Pound (GBP) is declining against the US Dollar (USD) and the GBP/USD pair broke the 1.3050 support level. After hitting a fresh daily low of 1.3019, the pair has recovered some of its losses, trading at 1.3041, lower by 0.32% for the day. The pair hit a high …

The US Dollar (USD) declined on Friday across the board, despite an expansion in business activity in the US, as shown by the most recent PMI reading. The Dollar Index (DXY), which measures the USD performance against a basket of six international currencies is down by 0.20% at 92.76, after …

The Australian Dollar (AUD) gave up some of its earlier gains against the US Dollar (USD) but maintained a positive performance during the last session of the week. The pair earlier reached its highest level in about a week, going as high as 0.7158, while its daily low came at …

The Euro (EUR) rose against the US Dollar (USD) on Friday but gave up some of its earlier gains as the USS is showing some signs of recovery. The EUR/USD is close to finish the week at its best level in about two months, supported by a recent decline by …

The UK manufacturing and services sector activities showed mixed performance in October, the preliminary report from IHS Markit showed this Friday. The seasonally adjusted IHS Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) dropped to a three-month low of 53.3 in October versus 53.1 expected and 54.1 – September’s final reading. …