The euro changed insignificantly at 1.1849 per dollar on Friday. Traders are waiting for the eurozone PMI data next week and avoiding sharp moves until then. Some analysts think that a strong PMI could boost the common currency to the 1.19 level again versus the dollar. The Sterling traded at $1.2959 after losing approximately …
Euro and Sterling were mostly steady on Friday. Why’s that? Read More »
The crypto industry is evolving thanks to various interesting projects. However, it is possible to reach even better results. Interestingly, two major crypto exchanges decided that it makes sense to work together. Importantly, KuCoin and Poloniex will join hands when it comes to trading technology research and development. Moreover, liquidity sharing, product iterations, PoS [proof-of-stake], …
Two Major Crypto Exchanges Decided to Work Together Read More »
The U.S. dollar traded in tight ranges on Friday. It was poised for a weekly loss against major currencies after downbeat data turned the economic outlook negative. On the other hand, positive comments from New Zealand’s finance minister boosted its currency. The U.S. dollar soared on Thursday after the Fed upgraded its 2020 economic …
U.S. dollar fell after rallying Thursday. What about Euro? Read More »
On Wednesday, the Organization for Economic Cooperation and Development (OECD) upgraded its forecast for global economic output in 2020. According to OECD, the outlook improved slightly since June. It is no secret that the biggest economies in the world suffered heavy losses due to the coronavirus pandemic. However, the economic impact may not be as …
OECD Upgraded its Forecast For Global Economic Output Read More »
Central banks around the world have to deal with numerous challenges. So, it is not surprising that investors are closely monitoring the situation. For example, stocks in major Asia-Pacific markets mostly declined on Thursday, as investors reacted to central bank developments. Importantly, mainland Chinese stocks were mixed on the day. In fact, the Shanghai Composite …
Hang Seng Index Led Losses Among the Region’s Major Markets Read More »
Cryptocurrencies have the potential to make life easier for millions of people and crypto-related companies should work harder to accomplish this goal. Hopefully, a crypto payment processor regulated by the U.K.’s Financial Conduct Authority wants to encourage the use of cryptocurrency for everyday payments. It is worth mentioning that, Wirex has a license to issue …
How Wirex Wants to Encourage the Use of Cryptocurrency Read More »
The Japanese yen stood at 105.08 against the dollar. It was below of 2-1/2-month high of 104.81 reached on Wednesday. The Bank of Japan stated that the country’s economy remains in a severe state but has started to recover. It kept its monetary policy steady on Thursday. On the other hand, the Chinese yuan …
Japanese Yen strengthened due to positive data on Thursday Read More »
The Chinese yuan held on to its big gains on Wednesday. The currency traded at 6.7835 per dollar after soaring as high as 6.7663 on Tuesday. Better-than-expected economic data boosted traders’ optimism, further assuring them that the country is leading the global recovery from the pandemic. On the other hand, the Australian dollar declined by …
Chinese Yuan rallied due to the hopes of economic recovery Read More »
The dollar strengthened against major currencies on Thursday after the U.S. Federal Reserve’s upbeat assessment of the economic recovery. The Fed’s increased tolerance for higher inflation boosted Treasury yields. The agency pledged at its policy meeting to keep rates near zero until at least the end of 2023. It hopes that for that time, the …
U.S. dollar firmed Thursday. What about the Yen and Yuan? Read More »
The world’s one of the largest economies in the world suffered losses due to the coronavirus pandemic. Importantly, Japan’s exports posted a double-digit slump for a sixth straight month in August. As a reminder, U.S. bound shipments declined due to a global demand slowdown caused by the pandemic. Japan is not the only country that …
Japan’s Exports in August and New Zealand’s Worst Recession Read More »
The U.S. dollar and the Japanese yen found support on Wednesday as traders shifted positions ahead of a U.S. Federal Reserve policy decision. The Chinese yuan also held gains thanks to the positive outlook for the world’s second-largest economy. The Fed concludes its first meeting later in the day since adopting a more accommodative approach …
U.S. dollar and Japanese Yen gained. What about the Yuan? Read More »
The forex market fluctuated on Tuesday. Riskier currencies rallied as the hopes for a COVID-19 vaccine bolstered sentiment. British drugmaker AstraZeneca restarted its vaccine trial in Britain last week. But it is still on hold in the United States thus far. The euro climbed up by 0.2% versus the dollar at $1.1891. However, the …
Riskier currencies surged forward on Tuesday. Why’s that? Read More »
The coronavirus pandemic created a lot of challenges for many countries and India is not an exception. Unfortunately, the country has one of the highest number of coronavirus cases not only in the region but around the world as well. Currently, India has the second-highest number of cases after the U.S. This fact underlines the …
Snowflake Inc is a provider of cloud-based data storage and analysis software. This San Mateo-based company priced its initial price offering (IPO) above its increased range in an offering that values the company from California at $33.3 billion. It is worth noting that, the company decided to sell 28 million shares at $120 a piece. …
Sberbank is the largest bank in the Russian Federation and this fact highlights its significance. Moreover, it has a subsidiary in Switzerland, called Sberbank Switzerland AG. It is worth mentioning that, Sberbank’s subsidiary joined a blockchain-based platform for commodity trade finance. Interestingly, Sberbank Switzerland AG signed an agreement with the Swiss trade finance platform Komgo …
Sberbank Switzerland AG Joined Blockchain-Based Platform Read More »
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