July 2, 2022
  • July 2, 2022

Forex Rates

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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Gold Tanks after NFP, Trendline tempers the lows

by on August 6, 2021 0

Gold technical forecast: neutral The golden bears were on the prowl again after a very good report on non-farm wages. Prices hold at a big support point, but a failed breakout at a key point causes gold prices to take a more bearish tone. TThe analysis contained in the article is based on Price...

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Non-farm payrolls (NFP), Ethereum Fork (ETH) and Robinhood (HOOD) – FinTwit trends to watch

by on August 6, 2021 0

POSITIVE JOB GROWTH IN US AS NFP IMPRESSIONS BEYOND EXPECTATIONS Employment data improved compared to estimates (see timeline below) with both NFP and unemployment rates improved slightly. While inflation concerns have been largely dismissed by market participants, recent disappointing employment data has been in the spotlight. Now that employment data is showing signs of...

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Expansion method to value forex options based on stochastic volatility and interest rates

by on July 20, 2021 0

Expansion method for valuing forex options under stochastic volatility and interest rates – Journal of Computational Finance Approximation formula for pricing options in the Heston-Hull-White model Asymptotic development up to the second order based on the Malliavin calculus Control variant improving accuracy for high volatility volatility Precision numerically comparable with another method using the...

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by on July 18, 2021 0

Fundamental Euro Forecast: Bearish The Governing Council of the European Central Bank will announce next Thursday its latest decision on monetary policy in the euro area and everything indicates that it will be one of the last major central banks to tighten its policy after the crisis caused by the pandemic of coronavirus and...

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Nothing to love, no saving grace

by on July 17, 2021 0

Fundamental Forecast for Australian Dollar: Bearish the the third week of July brings a calmer economic calendar for Australia; there are no events rated “high” on the DailyFX economic calendar. TThe Citi Economic Surprise Index for Australia, a measure of how data changes over time, closed the week at +35.8, slightly below its closing...

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UPDATE 1-Argentina tightens cap on bond trading used for FX

by on July 12, 2021 0

(Addition of price movements in parallel foreign exchange markets) BUENOS AIRES, July 12 (Reuters) – Argentina’s securities regulator on Monday tightened rules on some bond transactions, lowering a weekly limit on trading in local and international bonds as part of a broader crackdown on channels alternatives used to access currencies. The measure of the...

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Electricity bill to rise as forex cost hits 3-year high

by on July 10, 2021 0

Electric energy meter measuring energy consumption. The cost of electricity will rise this month after the Energy and Petroleum Regulatory Authority (Epra) yesterday increased the foreign currency component of the electricity bill. The adjustment for exchange rate fluctuations rose in the review announced on Friday to 1.16 shillings per unit of electricity consumers...

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USD / CAD Exchange Rate Forecast – Canadian Dollar Strengthens Following Robust Jobs Report

by on July 9, 2021 0

USD / CAD eased on Friday as the Canadian dollar gained ground following the better-than-expected jobs report. The dollar fell against most major currencies, despite rising US Treasury yields. The Canadian economy created 230,700 jobs in June as restrictions aimed at slowing the pandemic were lifted across the country. After recovering by more than...

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Former City of London boss accused of £ 50million fraud

by on July 7, 2021 0

The former boss of a City of London business raided by police in 2015 has been charged in connection with an alleged £ 50million fraud targeting the UK’s Nepalese community. Anthony Constantinou, son of murdered fashion mogul Aristos Constantinou, was remanded in custody pending a court hearing later this month, according to City of...

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Tresor Pulse – Forex, Treasuries, Bonds, Stocks

by on July 3, 2021 0

Global Forex Market INVESTORS ‘appetite for risk in global markets was mixed during the week amid end of month / quarter flows. Investors were watching a series of US Tier 1 data releases to gauge the direction of US interest rates and inflation expectations. The dollar dominated the forex market due to favorable risk...

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British pound slips as investors await news of UK-EU sausage spat

by on June 30, 2021 0

* Chart: World exchange rates in 2020 http://tmsnrt.rs/2egbfVh * Chart: Trade-weighted pound sterling since Brexit vote http://tmsnrt.rs/2hwV9Hv LONDON, June 30 (Reuters) – The pound fell slightly at the start of London trading on Wednesday as investors waited to see whether Britain and the European Union would agree to extend the exemption from customs controls...

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Hungary’s central bank raises key rate by 30bp

by on June 22, 2021 0

Hungary’s central bank raised its policy rate for the first time in nearly a decade, with inflation remaining above target. The Monetary Council of Magyar Nemzeti Bank decided on Tuesday to raise the benchmark base rate by 30 basis points to 0.90% from 0.60%. The overnight central bank deposit rate was kept at -0.05%...

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Japanese yen advances on Fed rate outlook

by on June 21, 2021 0

The Japanese yen climbed against its main rivals in Monday’s Asian session, as investors weighed the impact of a hawkish US Federal Reserve shift and focused on upcoming economic data and policymaker commentary policies for more clues about when to cut and the potential rate. hiking. Comments by St. Louis Fed Chairman James Bullard...

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Fed’s Kashkari opposes rate hike until at least 2023

by on June 18, 2021 0

Just three months earlier, the clear majority of policymakers were in favor of leaving the current level of borrowing costs unchanged; The central bank‘s Quarterly Summary of Economic Projections (SEP) on Wednesday showed that 11 of the 18 Fed policymakers were planning at least two quarter-percentage point rate hikes by the end of 2023....

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Dollar swings as market digests US inflation data, ECB

by on June 10, 2021 0

The dollar index was down slightly on Thursday in a choppy session in which it alternated between losses and gains as investors digested high US inflation data and comments from the European Central Bank. After taking a wait-and-see stance all week, sucking market volatility and leaving major currencies mostly in ranges, Thursday’s news seemed...

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FOREX-Dollar Wobbles As Inflation Test Looms

by on June 9, 2021 0

* Trade in a range before inflation and the ECB * DXY at 90.107, EUR / USD standing below $ 1.22 * The dollar is seen as vulnerable to inflationary surprises on either side * Chart: Global exchange rates https : //tmsnrt.rs/2RBWI5E By Tom Westbrook SINGAPORE, Jun 9 (Reuters) – The dollar held on...

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