December 3, 2022
  • December 3, 2022

Forex Rates

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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Why currency volatility could make a comeback

by on October 30, 2021 0

October 30, 2021 FOREIGN-EXCHANGE the markets were once a hotbed of lively speculative activity. But today traders looking for an adrenaline rush should look to assets like cryptocurrencies instead. Barring a brief surge at the start of the pandemic – and isolated events in the Turkish lira – currency markets have been silent. Macro-trading...

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EUR / GBP likely to be volatile as BOE-ECB risks grow

by on October 27, 2021 0

Key talking points: EUR / GBP ffinds support as traders prepare for ECB and BOE meetings The GBP’s hawkish expectations give way to disappointment EUR / GBP continues to trade on a downtrend, with the pound remaining supported by expectations that the Bank of England will need to step up efforts to reduce monetary...

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Stable currency is vital, says Japanese finance minister, as yen drops to 3-year low By Reuters

by on October 15, 2021 0

© Reuters. FILE PHOTO: New Japanese Finance Minister Shunichi Suzuki wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, speaks at a press conference in Tokyo, Japan, on October 5, 2021. REUTERS / Kim Kyung-Hoon By Tetsushi Kajimoto TOKYO (Reuters) – Monetary stability is “very important” and the Japanese government will carefully consider...

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Forex black market: new arrests looming

by on October 7, 2021 0

The herald Farirai Machivenyika Senior reporter More and more people illegally smuggling foreign currency will soon be arrested and more financial institutions charged as the government slams the whip against those who drive and manipulate the black market despite the fact that Zimbabwe’s foreign currency inflows are more than enough to purchase all necessary...

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Dollar surges ahead of Jobs ADP post by Investing.com

by on October 6, 2021 0

© Reuters. By Peter Nurse Investing.com – The dollar traded higher on Wednesday as the safe haven spurred on fears that higher energy prices could translate into higher inflation, prompting the Federal Reserve to tighten monetary policy quickly . At 3:05 am ET (0705 GMT), the Dollar Index, which tracks the greenback against a...

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FX: Will risk appetite eclipse rate decisions and data?

by on October 4, 2021 0

Investors have started this busy trading week with concerns about how central bank policy will change in a broader recovery. They have fallen by more than 300 points and while these declines are often due to signs of economic weakness, potential policy changes in response to recoveries can also weigh on market sentiment. The...

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Trident Limited – Long-term rating upgraded to “CRISIL AA / Stable”, short-term rating reaffirmed

by on September 30, 2021 0

CRISIL Ratings has upgraded its rating on the long-term banking facilities of Trident Ltd (Trident) to “CRISIL AA / Stable” from “CRISIL AA- / Positive”. The rating of short-term facilities and commercial paper has been reasserted to ‘CRISIL A1 +’. The rating action reflects Trident’s expectation of continued healthy business performance and a strong...

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FOREX-Dollar at 2021 Highs Even as US Government Shutdown Looms

by on September 29, 2021 0

* Chart: Global exchange rates https://tmsnrt.rs/2RBWI5E (Price updates) By Iain Withers LONDON, Sept. 29 (Reuters) – The dollar soared on Wednesday and peaked in 2021 against rival currencies, even as disputes in Washington over the US debt ceiling threatened to plunge the government into shutdown. The greenback – the global reserve currency seen as...

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Gold falls as rates rise, XAU / USD close to support

by on September 28, 2021 0

Gold Price Talking Points: Gold prices continued to decline following the FOMC’s rate decision last week. The gold price action has built a descending wedge formation with support around a longer term Fibonacci level. And the bullish flag as a whole remains despite the short to medium term bearish price action being shown. The...

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The two fully operational zero cost alternatives of Webtel.mobi

by on September 27, 2021 0

ST PETER PORT, Guernsey and NEW YORK, September 27, 2021 (GLOBE NEWSWIRE) – Global telephony provider Webtel.mobi (“WM”) – whose system and digital currency TUV make current cryptocurrencies redundant, replace CBDC and provide two fully operational alternatives to the SWIFT system – announced two additional installations in its system, which provide an instantly accessible...

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Stock market news: markets post gains despite volatility

by on September 26, 2021 0

Market indices: It was a volatile week, with big swings, but all 4 indices registered small gains. “Stocks fell on Monday, with major indices falling more than 2% during the worst times of the afternoon session, as investors nervously watched the potential ripple effects of a bank default. large Chinese real estate company, as...

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Nike revenue misses in first quarter as supply chain woes weigh on sales By Investing.com

by on September 23, 2021 0

© Reuters. Nike profits beat, revenue misses in first quarter By Yasin Ebrahim Investing.com – Nike (NYSE 🙂 posted mixed first-quarter results on Thursday as profits beaten, but revenues fell below expectations as persistent supply chain problems held back sales. Nike shares lost 4.06% in after-hours trading following the report. Nike reported earnings per...

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Average Nigerian can feed on N500, naira still strong – former CIBN chairman

by on September 22, 2021 0

Posted September 22, 2021 Former Chartered Institute of Bankers of Nigeria President Professor Segun Ajibola said the naira is still strong in the Nigerian economy, adding that an average Nigerian can still feed himself on N500. The Babcock University economics professor spoke on the NTA’s “Good Morning Nigeria” breakfast show on Wednesday, watched by...

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EMERGING MARKETS – Brazilian Real leads Latam FX lower ahead of central bank meeting

by on September 17, 2021 0

* Comments from head of Brazil’s cenbank worry trader * Chilean markets closed for holiday Friday * Brazilian Vale declares exceptional dividend in first half (adds comments, updates prices throughout) By Susan Mathew and Shreyashi Sanyal Sept. 17 (Reuters) Latin American currencies on Friday with all eyes on the central bank policy meeting next...

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Libor removal will not affect exchange rates – BSP

by on September 16, 2021 0

The Philippine peso-US dollar exchange rate would not be affected by the removal of the London Interbank Offered Rate (Libor), which is a benchmark interest rate used in a wide variety of financial transactions, the Bangko Sentral ng Pilipinas ( BSP) insured Thursday. “The stop of the Libor will not affect the US dollar-peso...

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DynaPay becomes official member of Swift

by on September 15, 2021 0

DynaPay, a bank challenger providing payment accounts, currency exchange and open API banking service for businesses, announces that it has joined the SWIFT network and has obtained its own connected BIC DYPYGB3L. DynaPay will use its SWIFT connectivity to strengthen and improve the experience of cross-border transactions on its correspondent bank networks for DynaPay...

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FIXED-FOREX-Dollar weakens after loss of US payroll

by on September 3, 2021 0

(Corrects to show euro high of 1.1909, not 1.909) * Dollar falls after U.S. jobs miss * Euro strengthens ahead of ECB meeting next week * Yen shrugs off PM Suga's decision to step down * Graphic: World FX rates tmsnrt.rs/2RBWI5E By Chuck Mikolajczak NEW YORK, Sept 3 (Reuters) - The dollar weakened further...

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FOREX-Dollar Pauses After Biggest Weekly Rise In Two Months

by on August 23, 2021 0

* Chart: Global exchange rates https://tmsnrt.rs/2RBWI5E By Saikat Chatterjee LONDON, Aug.23 (Reuters) – The US dollar slipped against rivals on Monday in a profit-taking after posting its biggest weekly gain in more than two months last week, fueled by concerns about the outlook for global growth. The main source of investor concern is the...

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Foreign exchange transactions among investors, exporters window drops 24.56%

by on August 22, 2021 0

Over-the-counter foreign exchange transactions for investors and exporters fell 24.56 percent last week, according to FMDQ Securities Exchange Limited. The Central Bank of Nigeria had, in April 2017, amid a severe currency shortage, established the I&E window with the aim of increasing liquidity in the foreign exchange market and ensuring timely execution and settlement....

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