July 2, 2022
  • July 2, 2022

Forex Rates

How to prepare for your dream holiday abroad

by on June 12, 2022 0

It’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:...

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EUR/USD rebound in focus, but full reversal seems unlikely

by on May 29, 2022 0

Euro 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...

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Sunita Ramnathkar shares her guide to beauty innovation

by on May 26, 2022 0

India, 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...

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Lebanon’s stimulus package includes central bank debt cancellation, depositor haircuts By Reuters

by on May 20, 2022 0

© 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...

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The dynamics of exchange rate volatility

by on May 15, 2022 0

In 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...

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Trade of the Week: Will Gold Prices See More Pain?

by on May 10, 2022 0

The 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...

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The Forex market remains challenged by the outlook

by on May 7, 2022 0

The 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...

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Pakistan has a “strategy” to stimulate the reduction of foreign exchange reserves: FM | Business and Economy News

by on April 29, 2022 0

Karachi, 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...

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The Basics of Forex Trading – Part 1

by on April 17, 2022 0

The 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,...

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Sri Lanka doubles interest rates to control inflation; stabilize the economy By Reuters

by on April 8, 2022 0

2/2 © 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...

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ExplainSpeaking: How does India’s exchange rate relate to its current account deficit, foreign exchange reserves and balance of payments?

by on April 6, 2022 0

ExplainSpeaking-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...

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March US NFP and unemployment rate

by on April 1, 2022 0

Overview 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...

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Market disruption would take Brazil’s bull cycle to over 12.75%, central bank chief says By Reuters

by on March 25, 2022 0

© 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...

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USD/CAD Rebounds After Canadian Inflation Report

by on March 16, 2022 0

USD/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...

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Australian Dollar Outlook: Commodities Dominate AUD

by on March 7, 2022 0

The 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...

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Five Best Destinations for International Travel

by on March 1, 2022 0

“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...

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In line with CBN directive, Nigerian banks expose customers with suspicious dollar transactions – Arise News

by on February 27, 2022 0

In 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...

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Forex movements reflect various factors

by on February 15, 2022 0

Reuters 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...

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US lowers duties on Canadian timber

by on January 31, 2022 0

The 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...

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CFOs focus on digitizing payments

by on January 21, 2022 0

CFOs 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...

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Australian wool prices soar in first week of 2022

by on January 17, 2022 0

The 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,...

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FOREX-Dollar Falls After US Jobs Report

by on January 7, 2022 0

(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...

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Turkish lira erodes last week’s gains

by on December 28, 2021 0

Turkish 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...

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Dollar to Naira today December 23, 2021

by on December 23, 2021 0

Christmas 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...

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VertoFX streamlines X-Border payments for SMEs

by on December 13, 2021 0

Trade 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...

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New York Governor declares “disaster emergency” amid rising COVID-19 infection rates By Reuters

by on November 27, 2021 0

© 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...

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What is Forex Trading? | The bank rate

by on November 18, 2021 0

Forex 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...

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Bullion could rise further due to rising inflation and breakeven rates

by on November 11, 2021 0

Gold, 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....

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How Interest Rates Affect the Forex Market

by on November 8, 2021 0

To 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...

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FOREX-Dollar declines with Fed policy decision in sight

by on November 1, 2021 0

* 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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