Yesterday, the Mexican peso dragged the greenback lower in sessions even ahead of the US Federal Reserve’s announcement. Traders are pushing to close the year with gains for the peso despite all major Latin currencies crumbling. The Mexican peso is a beloved currency from South America, and it is the most traded among the currencies …
Mexican Peso Secures Gains Before 2019 Ends | Wibest Read More »
The Mexican peso is poised to end the year with gains against the US dollar in forex trading. What helped fortify the peso in the recent sessions is Mexico’s trade deal with the United States and Canada. The currency is the only Latin American currency without huge losses against the greenback. The Mexican peso is …
Mexican Peso Bolsters After United States and Canada Deal Read More »
The US Federal Reserve dominates the news this week in the forex markets. Just moments away, the bank will finally reveal its highly anticipated interest rate decision for December. The nonfarm payroll rolled out promising figures that supported the markets’ hope of no easing. More traders believe that the bank will meticulously weigh in the …
US Federal Reserve Takes Over This Week’s Headlines Read More »
The US dollar struggles to find direction in sessions just ahead of the US Federal Reserve interest rate announcement. The contrasting sentiments surrounding the dollar is making it hard for investors to decide their next move. On one corner, the US President’s plan to add more sanctions on December 15 is damping trade war optimists. …
US Federal Reserve Decision in Focus, Dollar Unchanged Read More »
With December 15 just right around the corner, the effect of the upbeat USA jobs report fades immediately. Yesterday, the greenback sunk after just rising last Friday’s trading. Traders were concerned about Trump’s persistence to add more tariffs to Chinese goods. The markets’ worried about the sanctions instead of basking in the good NFP results …
Trade War Woes Outweigh USA Jobs Report, USD Sinks Read More »
Last week, the regularly scheduled Non-Farm Payroll showed impressive figures in USA jobs. The greenback and its indices immediately jumped following the positive news. However, as of today, Monday, the upbeat data has started to wear off and traders are focusing more on trade war news. The US dollar index, or DXY, slipped by 0.07% …
USA Jobs Data Wears Off, USD Starts to Slip | Wibest Read More »
The pound currency is in for a very volatile ride this week as the UK election is due in a few days. Last week, the sterling almost got away with a clean green rally, but unfortunately, it dived on Friday. Investors are confident after election polls showed better odds for the Conservatives to secure the …
What’s Ahead for the Pound Currency in the FX Market Read More »
The pound currency soared through the whole week but finally halted its upward rally this Friday. As the odds of the Conservatives get better, the sterling is rampaging through the forex market. Although, as of the moment, the GBP lost its momentum. This week has been good to the pound, aside from election news, a …
Pound Currency Stops its Upward Swing Despite Strong Data Read More »
Two different central banks decided to hold their official interest rates still recently. The RBI and BoC’s decisions steadied and refueled India’s rupees and Canadian dollars. First, the Bank of Canada announced on Wednesday that it leaves its interest rate unmoved. That wasn’t much of a surprise, though. What caught the market off guard was …
Central Bank Decisions Reinforces the Rupees and Loonies Read More »
India’s rupees steady in today’s trading after the country’s central caught the market by surprise. The INR mostly traded flat against other currencies, but it also fell against the pound and gained against the Aussie. No rate cuts were announced from the Reserve Bank of India in its final meeting of the year. Traders were …
India’s Rupees Steady After RBI’s Surprising Decision Today Read More »
The South African rand successfully regained its footing in yesterday’s trading following an upsetting fall earlier this week. Aside from the manufacturing PMI, the GDP growth of the country is also weighing in on the rand. Experts now call for reforms in the country’s system to help its economic growth and the currency. Earlier this …
South Africa’s Rand Recovers from this Week’s Shock Read More »
South Africa’s rand was struck hard by the distressing GDP report yesterday, sending it to the loosing against other currencies. But today is a different story for the rand as it tries to steady in sessions. The South African currency is regaining its composure and it is trying to recover some of its losses against …
The Rand Tries to Steady After Shocking GDP Report Read More »
The greenback fell lower against the Australian dollar yesterday after the Reserve Bank of Australia decided to hold rates. Apart from the Aussie’s strength, the is also under pressure from the unsettling factory PMI earlier this week. As projected, the monetary policy committee of the RBA decided to hold on to current rates at 0.75%. …
The Greenback Dives Against the Aussie After RBA Decision Read More »
The greenback fights to recover some of its losses from yesterday’s weak manufacturing data. News from Trump’s new tariff announcement isn’t also making it better for the buck in today’s sessions. Yesterday, the United States Institute for Supply Management released the November factory PMI results. Traders were discouraged as the sector remains in contraction territories …
The Greenback Struggles to Recover from Weak Economic Data Read More »
The upbeat results from the Chinese manufacturing PMI report were not good enough to bolster the yuan in sessions. The yuan had a bad run yesterday against the greenback, aussie, and kiwi. The CNY CNH or yuan to yuan offshore exchange rate flatlined at -0.02% or 0.0002 points on Monday. The greenback was quick to …
Chinese Manufacturing Data Fails to Lift Yuan | Wibest Read More »
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