In a daily news report on Monday, the European Central Bank indicated it is receiving guidance from ECB board member Yves Mersch. This is about Facebook’s Libra affecting its ability to set monetary policy. Mersch said, “Depending on Libra’s level of acceptance and the referencing of the euro in its reserve basket, this could reduce …
European Central Bank Alerts EU About Libra Digital Coins Read More »
The Swiss Franc had a strong rally in today’s trading after the SNB denied commenting on the value of the currency. The Swiss franc, which rose to its highest ranges against the euro, continued to rally in Tuesday’s sessions. The EUR CHF trading pair went down to 0.28%, to 0.0031 points, trading for Fr1.0831 against …
The EUR/GBP trading pair gained altitude in yesterday’s trading as the pound sterling continues to weaken. The EUR/GBP pair moved up by 0.40% or 0.0036 points in Monday’s sessions. The pair traded around £0.9082 in sessions and has extended its gains from £0.9026 to £0.9091 in yesterday’s trading. The two currencies also lost against other …
The EURGBP trading pair is in for a very volatile ride in the coming trading sessions as both currencies gradually weaken. The FX market continues to receive mixed sentiments over whether which currency will come out triumphant. The looming German recession is currently the heaviest weight on the euro. Meanwhile, pound sterling traders are losing …
The EUR/USD trading pair weakened in last week’s trading after the US economic growth report bolstered the greenback in session. The EUR/USD trading pair went down by 0.11%, or 0.0012 points, hitting levels between $1.1035 and $1.1061 in Friday’s session. The pair gradually declined throughout last week’s trading. The EUR/USD started from $1.1160 on Monday …
Leaders from the European Union are scheduled to meet this Friday at Helsinki, Finland. The EU ministers are set to discuss plans on how to keep the Iran nuclear deal alive. According to reports, the European Union’s plan will protect the passage of commercial ships in the Persian Gulf region. United Kingdom’s Foreign Secretary Dominic …
The EUR/USD trading pair went down in today’s trading as the greenback got support from the US economic data. The United States’ second-quarter economic growth data went down to 2.0% from 2.1%. Despite the slowdown, the data met the expectation of critics thus lessening the impact on the dollar. The EUR/USD trading pair moved down …
The NZD USD exchange pair managed to recover from its slump in yesterday’s trading. Then NZD had a tough rally on the earlier half of the day after the data from the ANZ Bank disappointed kiwi traders. The NZD USD pair went down by 0.17% or 0.0011 points in the first half of Thursday’s trading. …
The NZD USD trading pair went down as the New Zealand dollar weakened over the disappointing data from ANZ Banks’s business confidence indicator. The data from the ANZ indicator showed that business confidence in New Zealand declined in August to -52.8. The upset data disappointed Kiwi traders and caused the NZD to drop. The NZD …
The FX market saw the US dollar and its futures steadying in today’s trading. The struggling dollar is slowly and cautiously making headway in sessions. Traders are getting more and more concerned as the conflict between the US and China escalates. The dispute keeps on affecting the global economy while bond yields continue to slip. …
FX Market: USD Steadies Against Trade War Concerns Read More »
The AUD weakened in yesterday’s trading after RBA’s Guy Debelle commented on the US-China trade war. The Australian dollar lost against major currencies from the West in Yesterday’s trading. The AUD to USD trading pair lost 0.37% or 0.0025 points. The pair reached ranges between $0.6746 and $0.6781 in Tuesday’s sessions. The EUR to AUD …
The Turkish lira fell hard against the greenback in yesterday’s trading. The lira recorded the first flash crash since January 3, 2019. The USD to TRY trading pair went up by 1.04% in yesterday’s session. The pair reached ranges between ₺5.7732 and ₺5.8495. The greenback took advantage of the weakening lira as traders worry about …
US Dollar Index dipped during Thursday’s session against news about the US Federal Reserve. This week, the US Federal Reserve officials are scheduled to have their annual Jackson Hole Seminar. Jerome Powell, US Fed Chairman, is expected to make a speech on Friday addressing the recent Treasury yield curve inversion. The USD Dollar had a …
News from the US Federal Reserve minutes gave the USD dollar some strength to hold on to some of its gains. The USD dollar continues to trade in positive territories since yesterday. The US Dollar Index inched up by 0.03% or 0.03 points in today’s session. the US Dollar Index Futures moved up by 0.03% …
Giuseppe Conte, Italian Prime Minister, resigns from his post after calling Matteo Salvini an “opportunist.” Conte said that Salvini, the Italian Deputy Prime Minister, triggered a government crisis that could have dire effects for the country. After Tuesday’s Senate debate, the Prime Minister said that he will formally give his resignation to Italy’s president Sergio …
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