Strong US economic outperformance launched the greenback flat on New Year, but investors are optimistic. Progress in the trade deal between the American and the Chinese left its index down 1.9% in December. The Chinese yuan gained 1% against the currency last month at 6.9630 but inched back up at 6.9640. The yen also pushed …
The Greenback, On and Before New Year | Wibest Broker Read More »
This week was quite a quiet week in the market as traders are off relaxing for the holidays. But some traders are still active, remaining very vigilant of what’s to come in trading sessions. It’s January first, and major markets across the globe are celebrating New Year’s Day today. The United States, Europe, United Kingdom, …
What to Expect in the Market these Coming Trading Sessions? Read More »
The greenback is on its back foot again this week and is defending its gains against major currencies. The buck lost to most major currencies yesterday, but the GBP USD was the most-watched pair among its pairs. Trade war optimism is playing a double-edged sword for the US dollar this week as traders wait for …
The Greenback in on the Defensive This Week | WibestBroker Read More »
Yesterday, the market turned its head towards Uganda after its President announced that it would borrow money again. The country’s debt burden will continue to haunt it next year as the country’s veteran president seeks reelection. Uganda said that it is planning to loan about 6.9 trillion shillings, that 1.89 billion dollars to be exact. …
Uganda’s $2 Billion Loan for its 2020 and 2021 Budget Read More »
The greenback continues to slip against the pound currency as trade war hopes lift risk appetite for the dollar. The GBP USD pair continues to gain altitude as bulls look to regain the losses this month following the UK elections. The dollar remains on the defensive against the pound and other currencies this Monday’s trading. …
GBP USD Pair Extends Rally as the Buck Falters | Wibest Read More »
Last week, the Lebanese central bank turned heads after its governor said “nobody knows” how low it would deplete against the dollar. The economic and political crisis of the country is weighing in pressure on the pound’s currency peg. Lebanon continues to grapple as its market suffers from the economic crisis that has spanned for …
The Lebanese Pound and the Black Market | Wibest Read More »
Yesterday, the Lebanese central bank head, Riad Salameh, commented about the crisis faced by the pound in the black market. According to Salameh, “nobody knows” how much the dollar could rise against the pound on the black market. The extremely serious situation continues to escalate, adding more pressure on the currency. The turbulence in Lebanon’s …
Lebanese Central Bank Governor Addresses the Pound Read More »
The Japanese yen exchange rate is in deep waters this 2020 as the US and China settle the trade agreement. It’s as if the trade war saga is a Marvel franchise wherein it has phases and climaxes. US and Asian stocks are rallying thanks to trade war hopes, but that’s not the case for safe-haven …
Yen Exchange Rate May Be in Trouble in 2020 | Wibest Read More »
The safe-haven asset from the land of the rising sun steals the spotlight after the BOJ governor gave his speech. The Japanese yen exchange rate dips this Thursday’s trading sessions as trade war prospects get clearer. Aside from trade war optimism, the improving sentiment around the global economic growth is also pushing the yen lower. …
Japanese Yen Exchange Rate in Focus After Christmas Read More »
This year has been a very rough ride for the pound sterling, from the UK Parliament’s Prorogation to the recent election earlier this month. The currency has seen major surges and steep dives this 2019. The pound sterling has also made it to every headline, stirring the spotlight in the forex market. And as the …
What’s Happening to the Pound Sterling? | Wibest Broker Read More »
American financial writer Jeff Siegel recognized the power of the American dollar in an essay earlier this year. He claimed it’s the foundation of its superpower status, and once it’s devalued, the US can lose “everything.” As the now-impeached President Donald Trump abused the USA’s capabilities, more people are beginning to realize the country has. …
Prominent Abuse on the American Dollar | Wibest Broker Read More »
The Thai baht steadies the US dollar this Monday thanks to the drop in the country’s export reported yesterday. The currency is pushing its luck to end the year with substantial gains against the greenback in sessions. The USD THB exchange rate flatlined and only slipped by 0.02% or 0.005 points in today’s trading. However, …
Thai Baht Steadies Against the Buck as Exports Drop Read More »
A huge historical event took place in recent U.S. politic news. Donald Trump became the third President in the history of the United States to be impeached. The House passed both articles of impeachment, which are an abuse of power and obstruction of Congress. If the House brings formal charges and votes to impeach, the …
Trump Impeachment: Impact on USD and other currencies Read More »
The Australian money is doing great in trading sessions courtesy of the country’s strong local jobs data. The New Zealand dollar, the Aussie’s neighbor, is also seen soaring through today’s trading. Just yesterday, the country’s Bureau of Statistics delivered splendid figures in its November jobs report. Australia’s employment change went up from -19.0k in October …
Good Jobs Data Propels the Australian Money | Wibest Read More »
The pound money may not end its year in positive territories after its steep decline earlier this week. The sterling immediately collapsed in the forex market as traders grow more worried about the impending divorce. The GBP USD exchange rate fell by half a point yesterday, erasing all its gains from the election week. The …
Pound Money Continues Its Descend Thanks to Brexit Woes Read More »
WhoIs Best Broker is leading Forex and Economy news Website. We provide you with the latest news and videos straight from the Financial Industry..
