Yen Rises Amid Ongoing Geopolitical Tension in the Middle East
Against other major currencies, the Japanese yen gained strength during Friday’s Asian session as investors anticipated the release of the…
Category: News
Bank of England Hints on ‘Aggressive’ Rate Cut
Governor Andrew Bailey suggested in an interview with The Guardian newspaper, published online on Thursday, that the Bank of England…
U.S. Manufacturing Index Data Reflects Show Steady Decline in September
According to a survey issued on Tuesday by the Institute for Supply Management, manufacturing activity in the United States declined…
Yen Recovers Following Ishiba LDP Presidential Election Win
The Japanese yen rebounded from early weakness against other major currencies in the European session on Friday, after Shigeru Ishiba…
U.S. Dollar Drops as Speculation Mount About Potential November Rate Cut
In the Asian trading session on Wednesday, the U.S. dollar lost ground to other major currencies as traders bet on…
Sveriges Riksbank Cuts Interest Rate by 25bps
Sweden’s central bank cut its benchmark rate by a quarter percent on Wednesday, implying two more cuts this year as…
Australian Dollar Jumps Ahead of RBA Rate Decision
The Australian dollar strengthened against other major currencies in the Asian session on Monday, as traders await the Reserve Bank…
Dollar Sees Marginal Losses Amid Fed’s Interest Rate Cut
A larger-than-expected rate cut by the Federal Reserve on Wednesday dragged the U.S. dollar and the six-currency Dollar Index lower…
British Pound Show Strength Against Major Currencies Amid Growing UK Retail Sales
In the European session on Friday, the British pound gained strength versus other major currencies following data indicating that U.K.…
Bank of Japan Holds Rate Steady Following Two Hikes
Following two rate hikes this year, the Bank of Japan kept its benchmark rate on Friday and indicated that while…