Yesterday’s market wrap We are approaching the end of the second quarter and therefore it is more difficult to explain the movements of the financial markets. The main economic news yesterday was the US Durable Goods Orders report, which could have led to a revision of the Atlanta Fed’s GDP tracker into negative territory....
Read MoreUSD TO PKR and other exchange rates (credit: file) USD to PKR – Today the US Dollar rate in Pakistan on June 26, 2022 is Rs. 205.0 This is the closing interbank exchange rate between the US Dollar and the Pakistani Rupee, which is provided daily by the State Bank of Pakistan (SBP). The...
Read MorePowell’s comments in the Q&A Adam’s Button Wednesday 22/06/2022 | 14:05 GMT-0 06/22/2022 | 14:05 GMT-0 We are firmly committed to reducing inflation Price stability is the foundation of the economy We understand the full scope of inflation Inflation Inflation is defined as a quantitative measure of the rate at which the average price...
Read MoreAfter the biggest weekly decline since early May, the price of gold (XAU/USD) resumes offers to consolidate losses at around $1,840 in Monday’s Asian session. While the outlook for China appears to favor a corrective pullback, concerns over a global recession and Fed rate hike are prompting metal buyers to be cautious during a...
Read MoreGold price analysis and news Choppy Gold Trade Set to Persist Gold Techs to Watch Choppy Gold Trade Set to Persist Gold is on course for a weekly loss for the first time in 4 weeks as rising global yields and a rising US Dollar continue to weigh on the precious metal. However, the...
Read MoreBy Alun John HONG KONG, June 15 (Reuters) – The euro surged after the ECB’s governing council said it would hold an emergency meeting on Wednesday to discuss the recent selloff in government bond markets, briefly distracting traders ahead of a well-attended Fed meeting. The common European currency rose 0.55% against the dollar to...
Read MoreIt’s been more than two years since the pandemic hit, derailing most people’s vacation plans. But, with travel bans easing around the world, it could be the perfect time for a family vacation. There are challenges, however, and experts say you should consider these six major points to plan a stress-free vacation. Destination research:...
Read More© Reuters. A woman holds Russian rubles in front of US dollar banknotes in this illustration taken May 30, 2022. REUTERS/Dado Ruvic/Illustration (Reuters) – The ruble climbed on Friday to its highest level against the dollar since late May, near multi-year highs, after Russia’s central bank cut its key rate by 150 basis points...
Read More© Reuters. By Peter Nurse Investing.com – The U.S. dollar rose in early European trading on Wednesday as risk sentiment faded as central banks tighten monetary policy, likely weighing on global economic growth. As of 03:05 ET (07:05 GMT), the , which tracks the greenback against a basket of six other currencies, was trading...
Read MoreTokyo Cement Group recorded revenue of Rs. 16,158 million in the 4th quarter of FY21, reflecting a year-on-year growth of 31%, compared to the previous year. Despite the revenue growth, Tokyo Cement’s sales volumes were down 11% from the fourth quarter of last year, due to a plant outage in one...
Read MoreSafaricom and Visa, the global leader in digital payments, on Thursday launched the M-pesa visa virtual card to facilitate payments for Kenyan global shoppers. In a statement, Safaricom noted that the new M-Pesa Visa virtual cards will open up global shopping to Kenyan consumers, enabling secure cashless payments at merchants in more than 200...
Read MoreGermany’s inflation rate is expected to reach 7.9% for the month of May, up about a tenth from the record rate of April 2022, according to Germany’s Federal Statistical Office. The figure, based on the consumer price index (CPI) and compared to prices for the same month last year, marks the highest rate of...
Read MoreEuro Fundamental and Technical Forecast: Neutral EUR/USD posted the best 2-week performance since late January ECB’s more hawkish bets, Fed rate cut key factor Fundamental and technical hurdles remain in the week ahead The euro has been torn against the US dollar for two weeks. EUR/USD climbed 1.6% over the period, the strongest two-week...
Read MoreIndia, May 26, 2022: MITCHELL USA has been at the forefront of beauty and skincare research and innovation since 1954. The extraordinary journey began with the Scottish Highlands ‘MITCHELL’ clan, who has long been considered skin care gurus. Here we understand the journey of Sunita Ramnathkar, co-owner of MITCHELL USA in establishing the brand...
Read MoreThe market is in a more positive mood to kick off the new week, with risk trading boosted after being mostly under pressure for the past two months. Stocks will be hoping to show a little more recovery, with US futures holding 1% higher, contributing to the mood in Europe along with the region’s...
Read More© Reuters. Lebanese President Michel Aoun leads a final cabinet meeting before the government enters a gatekeeper status at the presidential palace in Baabda, Lebanon May 20, 2022. Dalati Nohra/Handout via REUTERS By Maya Gebeily, Timour Azhari and Laila Bassam (Reuters) – Lebanon’s government plans to cancel “a large part” of the central bank‘s...
Read More• Q1 22 revenue and EBITDA recorded annual growth of 16% and 8% respectively. Normalized NPAT Rs.4.3Bn • Total taxes paid to GoSL Rs5.9Bn, of which Rs2.1Bn in direct taxes and Rs3.8Bn in indirect taxes • Capex investments of Rs7.5Bn during the quarter; OFCF reached Rs6.2 billion for the first quarter of 2022 Dialog...
Read MoreIn addition to the macroeconomic concern of skyrocketing CPI inflation rapidly reaching the 8% mark, the depreciating trend of INR is another risk which is about to cross the threshold. bar of 78 rupees against 1 dollar. A falling rupiah worsens returns for foreign portfolio investors (REITs). The value of any Indian asset is...
Read MoreMumbai: The rupee plunged 25 paise to close at an all-time low of 77.50 against the US currency on Thursday as the dollar hit a new two-decade high in global markets on strong sentiment risk aversion and higher-than-expected US inflation raise fears of aggressive rate hikes. The local currency also hit its record intraday...
Read MoreThe past few weeks have certainly not been good for gold. After nearly embracing the psychological $2000 level in mid-April, the bulls ran out of steam – allowing the bears to drag the precious metal to prices not seen since February 2022! Last Friday’s strong US report added to gold’s woes as expectations intensified...
Read MoreThe USD index hits a new high Euro shows resilience under pressure Wall Street gains fade to end the week The dollar forex market closed another week higher with the USD index hitting a new high on Friday. The measure of the dollar’s strength against a number of other major currencies peaked above 104.00...
Read MoreOverview of central bank supervision: Rates markets are fully pricing in a 50 basis point rate hike by the Federal Reserve on Wednesday. The rates markets completely ignored any “dovish” impact from the Russian invasion of Ukraine. We’ll be discussing how markets may react to the Federal Reserve’s May rate decision beginning at 1:45...
Read MoreKarachi, Pakistan – Despite its rapidly dwindling foreign exchange reserves, which will hamper imports of essential fuel, cooking oil and pulses, Pakistan says it will not be in dire straits like neighboring Sri Lanka and has a “strategy” to increase its reserves. “No chance of default, none,” Pakistani Finance Minister Miftah Ismail said in...
Read More2/2 © Reuters. A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic chart displaying the Shanghai Composite Index, Nikkei Index and Dow Jones Industrial Average in front of a house of brokerage in Tokyo, Japan, on March 7, 2022. REUTER 2/2 By Chris Prentice and Danilo Masoni...
Read MoreThe USD corrected lower today after the Dollar Index (DXY) hit its highest level since its highest level since March 20 yesterday. This move was certainly helped by the rise in the USDJPY which, entering today, closed higher for 13 consecutive days. USDJPY hit a new cycle high today (and its highest level since...
Read MoreThe average daily trading volume in the forex market now exceeds US$5 trillion, making it the most liquid market in the world. Liquidity refers to the ease with which market participants open and close positions without affecting the price of the underlying asset. The concept of liquidity also works hand in hand with volatility,...
Read MoreThe latest data from the International Monetary Fund on the composition of official foreign exchange reserves (COFER) indicates that central banks increased their holdings of euros by $70 billion in the fourth quarter of last year. It was the most in more than three years, according to HSBC. The COFER report does not take...
Read MoreLately the price has remained high due to the Russian-Ukrainian war. The price has been hovering between $100 and $110 over the past few weeks. “The rupiah came under pressure due to rising US bond yields, inflation and high prices,” said Sajal Gupta Head Fx & Rates Edelweiss. “These circumstances are going to be...
Read More2/2 © Reuters. FILE PHOTO: Sajith Premadasa, leader of the opposition alliance, Samagi Jana Balawegaya, marches with other opposition lawmakers towards Independence Square as they shout slogans against President Gotabaya Rajapaksa after the government imposed a cu 2/2 By Uditha Jayasinghe and Devjyot Ghoshal COLOMBO (Reuters) – Sri Lanka’s central bank doubled its key...
Read MoreExplainSpeaking-Economy is a weekly newsletter from Udit Misra, delivered to your inbox every Monday morning. Click here to subscribe Dear readers, Since the invasion of Ukraine by Russia, you would have regularly read reports on India exchange rate fluctuations. Similarly, you would have read stories about India’s foreign exchange (or forex) reserves rise or...
Read MoreOverview of the US NFP: Consensus forecast calls for employment growth of +490K while the unemployment rate (U3) should drop to 3.8% 3.9%, a new post-pandemic low. With Fed officials heavily hinting at a 50 basis point rate hike at the next meeting, the path for interest rates may already be set regardless of...
Read MoreTraders of liquefied petroleum gas, commonly known as cooking gas, said on Monday that the cost of LPG continued to rise on a weekly basis due to the falling naira against the US dollar and rising global prices. crude oil. Speaking under the Liquefied Petroleum Gas Retailers branch of the Nigerian Petroleum and Natural...
Read More© Reuters. FILE PHOTO: A man walks in front of the Central Bank headquarters in Brasilia, Brazil March 22, 2022. REUTERS/Adriano Machado By Marcela Ayres BRASILIA (Reuters) – The head of Brazil’s central bank, Roberto Campos Neto, said on Friday ongoing monetary tightening was likely to end with benchmark rates at 12.75% unless unexpected...
Read MoreDubai: The US Federal Reserve is hinting at larger interest rate hikes that will have a direct impact on lending rates – and the real effective exchange rate – of the UAE dirham. On Monday, Fed Chairman Jerome Powell said the central bank needed to move “quickly” to raise rates. “The Fed has already...
Read MorePRAGUE (Reuters) – The Czech central bank could discuss whether to use its large foreign exchange reserves not only to stabilize exchange rate fluctuations but also to fight inflation, the bank’s governor said on Sunday. Central Jiri Rusnok. The bank started buying koruna in the market on March 4 to halt a decline in...
Read MoreUSD/CAD has been affected by several factors recently. This pair is affected by the FED, which has gone hawkish since last summer as inflation continues to rise in the US, sending the USD higher, thus having a positive impact on this pair. But, the bullish momentum of this pair ended at the end of...
Read More© Reuters. FILE PHOTO: A customer hands over Russian ruble banknotes and coins to a vendor at a market in Omsk, Russia February 18, 2022. REUTERS/Alexey Malgavko (Reuters) – Russia’s central bank plans to switch to publishing official exchange rates based on extended trading hours, the bank said on Monday, amid heightened market volatility....
Read MoreCanada’s CPI report for February is expected to show a firm 5.4% year-over-year increase. It will likely rise closer to 6% in March due to soaring prices at the pump. In the first week of March alone, gasoline prices soared 16% – 46% above year-ago levels – as Russia’s invasion of Ukraine pushed prices...
Read More© Reuters. By Sam Boughedda invest.com – US oil inventories fell more than expected last week, the Energy Information Administration said on Wednesday. fell 1.863 million barrels last week, as analysts expected a draw of 0.657 million barrels. inventories, which include diesel and gas oil, fell 5.231 million barrels during the week against expectations...
Read MoreThe Australian dollar gained ground last week as turbulence from the Russian invasion of Ukraine rippled through markets. While central banks and underlying fundamentals still have a role to play, the bigger picture could see capital flows dominate the AUD. Trade data released during the week came in better than expected at AUD 12.9...
Read More© Reuters. Euro risks slide to parity as ‘most liquid short’ in Ukraine war (Bloomberg) — What seemed almost impossible a few months ago now turns into a sizeable risk: the euro could fall to parity with the dollar this year. That’s what strategists are warning as Russia’s invasion of Ukraine threatens to derail...
Read More“On a monthly basis, we’ve seen an increase of around 30% in international travel bookings,” said Rikant Pittie, co-founder of EaseMyTrip. However, due to the suspension of regular commercial flights, you may find fewer holiday options abroad and the imbalance between supply and demand has made air travel expensive. “Supply is currently limited due...
Read MoreIn line with the Central Bank of Nigeria (CBN) resolution to end an arbitration regime in the foreign exchange market, some Nigerian banks have started disclosing the identities of customers who allegedly obtained dollars under false pretenses and traded them at a profit price on the parallel market. This comes as the aggregate broad...
Read MoreAustralian Dollar Talking Points AUD/USD breaks series of higher highs and lows at the start of the week as the increase Russia-Ukraine tensions appear to be spurring a flight to safety, and the exchange rate could consolidate ahead of the Reserve Bank of Australia’s (RBA) next interest rate decision on March 1, as it...
Read More© Reuters. FILE PHOTO: A member of the Ukrainian State Border Guard Service patrols the area near the border with Russia in Chernihiv region, Ukraine February 16, 2022. REUTERS/Valentyn Ogirenko By Karin Strohecker LONDON (Reuters) – A possible invasion of Ukraine by neighboring Russia would be felt in a number of markets, from wheat...
Read MoreIn an exchange office in Accra, the dollar is bought at the rate of 6.90 and sold at the rate of 7.09 The Cedi was trading against the dollar at an average rate of 6.3100 Its trade value against the British pound was at an average rate of 8.5661 The average rate of the...
Read MoreReuters reported that Bank of Japan Governor Haruhiko Kuroda said on Tuesday that the central bank‘s offer to buy unlimited government bonds reflected his view that the recent rate hike long-term interest of the country was due to factors unrelated to its economy. “We don’t plan to conduct such an operation frequently. We will...
Read MoreThe black market dollar to naira exchange rate today February 12, 2022 can be accessed below. IMPORTANT NOTE: Please note that the exchange rate changes every hour.…it depends on the volume of dollars available and on demand. What this means is… you can buy or sell 1 dollar at ₦575 and the price can...
Read MoreDollar to naira exchange rate today. The black market dollar to naira exchange rate for February 10, 2022 can be accessed below. IMPORTANT NOTE: Please note that the exchange rate changes every hour.…it depends on the volume of dollars available and on demand. What this means is… you can buy or sell 1 dollar...
Read MoreToday’s trading highlights the danger of trading USD/CAD on fundamentals. The pair climbed on Friday on a strong US jobs report and weak Canadian print. It made sense, but here we are today a trading day later and back to where the pair started. Not only that, but oil is down 1.4%. Sometimes that’s...
Read MoreThe black market dollar to naira exchange rate for February 5, 2022 can be accessed below. IMPORTANT NOTE: Please note that the exchange rate changes every hour.…it depends on the volume of dollars available and on demand. What this means is… you can buy or sell 1 dollar at ₦570 and the price can...
Read MoreArchive photo of Ghanaian cedis banknotes The Cedi was trading against the dollar at an average rate of 6.1027 Its trade value against the British pound was at an average rate of 8.2750 The average rate of the euro is at 6.8924 Note that these rates may be different at an exchange office near...
Read MoreThe US Commerce Department today released its third administrative review of Canadian softwood lumber duties and lowered the rate from 17.99% to 11.64%. Lumber isn’t in the headlines as much as it was six months ago, but prices had another stretch in the fourth quarter and early this year before falling again in the...
Read MoreUnited States Highlights The Fed left its key rate unchanged at this week’s FOMC meeting, but signaled that a rate hike was imminent in March. Uncertainty over the pace of increases after March remains elevated, contributing to equity market volatility this week. The U.S. economy grew 6.9% (annualized) in the last quarter of 2021...
Read More© Reuters. FILE PHOTO: An EasyJet airliner lands at Son Sant Joan airport in Palma de Mallorca, Spain, April 1, 2021. REUTERS/Enrique Calvo LONDON (Reuters) – British airline easyJet (LON:) said the Omicron variant of COVID-19 was impacting its performance this quarter, but it expects to see strong demand this summer when capacity nears....
Read MoreCanadian Dollar Talking Points USD/CAD extends the rebound from the monthly low (1.2450) following the series of failed attempts to close below the 200-day SMA (1.2498), and the interest rate decision of the Bank of Canada (BoC) may do little to derail the recent advance in the exchange rate if the central bank continues...
Read MoreCFOs perceive accounts receivable (AR) and accounts payable (AP) as the most important factor in creating a healthy balance sheet, according to Business Payments Digitization, a PYMNTS and Corcentric collaboration based on a survey of 400 CFOs representing companies that earn between $400 million and $2 billion in annual revenue. Get the report: Digitization...
Read More© Reuters. Bloomberg analyst Mike McGlone is confident it is on track to hit $100,000 in 2022 as it completes its transition from a risky asset to a risky asset. As the Fed plans to raise interest rates to fight inflation, risky assets like crypto could suffer as people would likely prefer to invest...
Read MoreThe opening week of the 2022 Australian New Year wool auctions produced value gains across all wool types and descriptions on offer. The market started off firm to more expensive and held onto this more expensive pattern throughout the selloff, and closed at the week’s high. While merino fleece led the charge higher, skirt,...
Read MoreECONOMYNEXT – Sri Lanka’s state-run Ceylon Petroleum Corporation is seeking to end the island’s power utility “circular debt” as utility losses from price controls land on the oil company as an unpaid debt. Sri Lanka faces sporadic power outages in January as the utility runs out of fuel with a 300-megawatt coal-fired power station...
Read MoreOverview of central bank supervision: The BOE appears poised to move forward with several rate hikes in 2022, as rate markets are currently forecasting at least four moves by December. There remains a mismatch between the ECB’s rhetoric and market prices, as policymakers continue to suggest that no rate hike will come in 2022....
Read MoreWEEKLY OUTLOOK S&P 500, NIKKEI 225, ASX 200: The Dow Jones, S&P 500 and Nasdaq 100 indices closed at -0.01%, -0.41% and -0.96% respectively The increase in the non-farm payroll in the United States has been lower than expected, but the unemployment rate and wage growth have shown strong evidence of a tight labor...
Read More(Add details, update prices; change signature, date; previous LONDON) By Chuck Mikolajczak NEW YORK, Jan. 7 (Reuters) – The US dollar edged down against a basket of major currencies on Friday on the heels of December’s jobs report that fell short of expectations. The dollar index weakened after the Labor Department said non-farm payrolls...
Read MoreDOW JONES OUTLOOK: Dow (DJI) wins for second day in a row, closes on new record The rA high interest rate environment could hurt the growth and technology segment of the market in the near term, leaving ARK Innovation in a very precarious situation Value stocks, with strong balance sheets and positive earnings outlook,...
Read MoreThe coming year will see a series of global central banks overturn their loose, pandemic monetary parameters of the decisions of the past two years and begin to normalize monetary policy by withdrawing emergency stimulus measures and raising interest rates. Major central banks, including the Federal Reserve, Bank of England, Reserve Bank of Australia...
Read MoreEURGBP, EURCHF and EURNZD talking points The ECB is one of the most accommodating of the major central banks, but it is not the only resolutely accommodating structure EURGBP hits 20-month low after BOE’s recent rate hike, but is it now a widely recognized disparity? The RBNZ is another group already tightening with more...
Read MoreTurkish Lira banknotes are placed on US dollar banknotes in this illustration taken on November 28, 2021. REUTERS / Dado Ruvic Register now for FREE and unlimited access to Reuters.com Register The lira 37% weaker against the dollar this year despite the rebound Central bank gives new details on lira deposit system Minister of...
Read MoreChristmas is just a few days away, and that naturally means people will start flocking to the markets to purchase items (both edible and inedible) for the festivities. The dollar to naira exchange rate as of December 20, 2021 has undoubtedly affected the prices of goods and services, especially imported goods. Therefore, high prices...
Read MoreExchange rates will be different at an exchange office near you Note that these rates will be different at a bureau de change near you. On the Bank of Ghana interbank exchange rates today, December 23, 2021, the Ghanaian Cedi is trading against the dollar at a buy price of 5.9543 and a sell...
Read MoreTurkish President Recep Erdogan said on Monday he would introduce a new financial instrument to ease the burden of volatile exchange rates. Financial fluctuations and price hikes, he said, have no basis in economic fundamentals and Turkey will not bow to attacks and plots against it. Citizens would not have to convert their lira...
Read More© Reuters. Yaniv is co-founder and CEO of Edge & Node, and co-founder of The Graph, a decentralized indexing protocol used by blockchains such as. “A lot of people and institutions started using DeFi in 2021, but we haven’t even started mass adoption yet. As more retail and payment systems begin to integrate with...
Read MoreGold, XAU / USD, FOMC, Yield Curve, Bank of England, ECB – Talking Points Gold prices rose as the initially hawkish post-FOMC backlash faded ECB and BoE policies focus as traders monitor global bond yields Technical the range continues to cap the rise in gold around 1780-1790 Gold prices are on the rise throughout...
Read MoreTrade has become more global than ever, but paying overseas suppliers remains a challenge for companies looking to make payments in less familiar currencies belonging to emerging economies in Africa, Asia and the Middle East. , for example. This logistical challenge is what London-based VertoFX has been trying to solve since 2019 through its...
Read MoreBinance, the world’s largest crypto exchange in terms of transaction volume, is said to be in talks with Indonesia’s richest family, the Hartonos, to open a crypto exchange. According to a report published at Bloomberg, Binance Holdings Ltd. Seeks to finalize a crypto venture with PT Bank Central Asia (BCA), controlled by Hartonos, which...
Read MoreFTSE 100 courses, news and analyzes: The Bank of England appears increasingly unlikely to hike UK interest rates next Thursday as the UK government announces new measures to curb the Omicron variant of Covid-19. This is positive for the FTSE 100 index of major stocks listed in London. FTSE 100: more earnings to come...
Read MoreThe Australian dollar is trading flat shortly before the release of interest rates and the Reserve Bank’s (RBA) policy decisions at 03:30 GMT. Traders do not expect any surprises from the central bank, with the 34 economists in the latest Reuters poll seeking to keep the cash rate at 0.10%. However, a small majority...
Read MoreThe Turkish president promises to continue his policy of low interest rates despite the massive fall of the Turkish currency. Turkish President Recep Tayyip Erdogan has said he hopes volatile exchange rates and inflation will stabilize soon as he reiterates his stance against high interest rates following a massive drop in the delivered. The...
Read More(Bloomberg) – Food prices have moved closer to an all time high, giving consumers and governments around the world an even bigger headache in the face of inflation. Bloomberg’s Most Read A United Nations indicator on world food prices rose 1.2% last month, threatening to make it more expensive for households to put a...
Read MoreDespite the noise caused by the latest variant of COVID-19, Omicron, which has raised further uncertainty, data and economists see near-term stability in the forex market. Out of the panic that greeted the Bureau de Change (BDC) ‘freeze’, the black market rate has remained stable in recent weeks, trading around the $ 550 /...
Read More© Reuters. Travelers line up for a COVID-19 test during the coronavirus disease (COVID-19) pandemic in the Manhattan neighborhood of New York City, New York, United States on November 26, 2021. REUTERS / Carlo Allegri (Reuters) – New York Governor Kathy Hochul issued a COVID-19 “disaster emergency” statement on Friday, citing rising rates of...
Read More* Dollar index slips, still close to 16-month highs * Fed meeting minutes show willingness to hike * Swedish Riksbank keeps rates on hold * Chart: Global exchange rates https://tmsnrt.rs/2RBWI5E (Price update, add comment) By Elizabeth Howcroft LONDON, Nov. 25 (Reuters) – The dollar slipped on Thursday but was still close to its highest...
Read MoreSumaira FH 34 seconds ago Tue 23 November 2021 | 09:25 Current exchange rates in Pakistan on November 23, 2021, Current dollar rate in Pakistan, Latest exchange rates for British Pound, Euro, Saudi Arabian Riyal, United Arab Emirates dirham, Canadian dollar, Australian dollar in Pakistani rupees. All rates updated according to open market exchange...
Read MoreSumaira FH 17 hours ago Sat, November 20, 2021 | 09:25 Current exchange rates in Pakistan on November 20, 2021, Current dollar rate in Pakistan, Latest exchange rates of British Pound, Euro, Saudi Riyal, United Arab Emirates dirham, Canadian dollar, Australian dollar in Pakistani rupees. All rates updated according to open market exchange rates....
Read MoreForex trading, or foreign exchange, involves exchanging one currency for another. There may be functional reasons for engaging in forex trading, such as traveling overseas and needing to exchange dollars for the currency of the country you are traveling to, but there may also be financial reasons. or speculative to trade currencies. Here is...
Read MoreBy Peter Nurse Investing.com – The dollar edged higher on Tuesday, ahead of the release of key retail sales data, as the Chinese yuan benefited from the largely friendly dialogue between the U.S. and Chinese presidents in a virtual meeting. At 02:55 ET (0755 GMT), the Dollar Index, which tracks the greenback against a...
Read MoreGold, XAU / USD, Inflation, Treasury Yields, Break-even Rate – Talking Point Gold bulls charged after hotter-than-expected CPI print Rising Breakeven Points Good for Long-Term Bullion Outlook XAU / USD breaks key resistance on last upward load Gold prices skyrocketed overnight as traders digested a feeling of much higher-than-expected inflation in the United States....
Read MoreTo become a successful forex trader, you must understand the complex relationship between interest rates and forex trading. Fluctuations in interest rates are the most important factor affecting the forex market. Usually these factors are an indirect response to other economic factors throughout the month. To better understand this, we need to know more...
Read MoreSumaira FH 19 seconds ago Sat 06 November 2021 | 09:25 Current exchange rates in Pakistan on November 6, 2021, Current dollar rate in Pakistan, Latest exchange rates for British Pound, Euro, Saudi Arabian Riyal, United Arab Emirates dirham, Canadian dollar, Australian dollar in Pakistani rupees. All rates updated according to open market exchange...
Read MoreJapanese Yen Talking Points The USD / JPY continues to consolidate in a bullish flag formation as longer-term US Treasury yields remain under pressure, but the Federal Reserve’s interest rate decision is likely to influence the exchange rate as the central bank appears to be on the right track to reduce monetary support. USD...
Read More* Chart: Global exchange rates https://tmsnrt.rs/2RBWI5E (add analyst comment, update prices) By John McCrank NEW YORK, Nov. 1 (Reuters) – The dollar eased against its main rivals on Monday, after posting its biggest daily rise in more than four months in the previous session, as traders position ahead of the highly anticipated meeting of...
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