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Oil prices rose more than 2 percent on Wednesday after Russian President

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The Euro In Relief From Macron's Election Victory In France

The Euro in Relief from Macron’s Election Victory in France 

After French President Emmanuel Macron defeated far-right rival Marine Le Pen in the country’s first round of presidential elections on Monday, the euro seemed to be snapping a seven-day losing streak versus the dollar. Investor fears over the euro

Japanese yen stacked banknotes closeups

Yen Stronger after US Sues China’s Huawei

The yen was stronger against its peers on Tuesday with investors trying to take refuge in safe-haven assets after the US Justice Department charged Chinese giant Huawei Technologies Co Ltd with fraud, ramping up the US-China trade tensions. The

100 USD notes

US Dollar Perks Up, Aussie Recovers from Losses

The US dollar retained its recent gains versus its major peers on Tuesday, backed by a recovery in investor’s risk appetite, which gave an overnight boost to US yields. The Australian dollar gained, recouping earlier losses, after the Reserve

dollar bills splayed out on table

Dollar Firm after Trump’s Speech Showed No Surprises

US President Trump’s State of the Union Address, which tackled trade and budget concerns but otherwise did not surprise listeners, showed no drastic effects on the dollar on Wednesday. Trump delivered an outline of his concerns for the coming

wibest - euro banknotes splayed on keyboard

Euro Weakens on Pessimistic Economic Outlook

The euro slipped to a new two-week low against the dollar during the early trading in Europe, with traders expecting more pessimism over the global economic outlook. German industrial output data have already set the tone, showing a drop

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ThinkMarkets UK Records Profit Jump Despite 38% Revenue Dip

Turnover for ThinkMarkets, decreased 38% to £2.73 million this year from last year’s £4.38 million. Think Markets is a UK business of Melbourne-based broker. Although its executive expenses decreased, the company’s operating profit for 2021 was still higher than last year’s £206,556 at £250,112. With other interests and income

dollar

The Dollar Rises As The Ukraine War Is Expected To Continue

After the release of scorching inflation data, the dollar nudged higher in early European trade Wednesday, while the euro traded around a five-week low on worries that the war in Ukraine might drag on for a long time. The Dollar Index, which monitors the greenback against a basket of six other

Ahead Of The US CPI Release, The Dollar Rises On High Yields

Ahead of The US CPI Release, the Dollar Rises on High Yields

The dollar rose in early European trade Tuesday; it received a boost from high US bond rates ahead of the release of the latest consumer inflation data, which should confirm the Federal Reserve’s quick rate of tightening. The Dollar Index, which measures the dollar’s value against a basket of six other

The Euro In Relief From Macron's Election Victory In France

The Euro in Relief from Macron’s Election Victory in France 

After French President Emmanuel Macron defeated far-right rival Marine Le Pen in the country’s first round of presidential elections on Monday, the euro seemed to be snapping a seven-day losing streak versus the dollar. Investor fears over the euro zone’s second-largest economy’s future orientation have impacted the currency, adding to anxieties

dollar

The Dollar Index Edging Closer to 100, Its Four Years High

The dollar continued its steady upward trend on Friday; it hit a fresh near-two-year high against a basket of peers and a one-month high against the euro. USD was bolstered by expectations of a faster pace of Federal Reserve interest rate rises. In early Asia trade, the dollar index climbed to

Broker News

ThinkMarkets UK Records Profit Jump Despite 38% Revenue Dip

Turnover for ThinkMarkets, decreased 38% to £2.73 million this year from last year’s £4.38 million. Think Markets is a UK business of Melbourne-based broker. Although its executive expenses decreased, the company’s operating profit for

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