Sun, December 04, 2022

Forex traders

Nigerian currency takes gain as forex supply falls further

Nigerian currency takes gain as forex supply falls further

At the Investors and Exporters (I&E) window, the exchange rate between the US dollar and the naira closed at N414.5/$1. Last Friday, the Nigerian currency gained more against the US dollar, representing a 0.11% appreciation than N414.7/$1 recorded the day before. The rate also gained in the prior trading session compared to the session that …

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Weekly Overview: Forex, Stocks, Crypto, Commodities

Weekly Overview: Forex, Stocks, Crypto, Commodities Oct 29

How have global markets performed this week? Our weekly overview will underline the major highlights of this week’s forex, stocks, crypto, and commodity markets. Forex weekly overview The U.S. dollar struggled to gain momentum before this weekend, while the Australian dollar rose sharply after unexpectedly strong inflation data. The yen rose slightly before the Bank …

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dollar

U.S. Dollar Suffered Losses Ahead of Central Bank Meetings

The U.S. dollar, or the greenback as many people call it, fell on Tuesday. It could not gain momentum, with most major currency pairs little changed as investors waited for major central bank meetings this week.  One major bank, the Bank of Canada, meets on Wednesday. European Central Bank and Bank of Japan meetings are …

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Erdogan’s Decisions Continue to Affect the Turkish Lira

Erdogan’s Decisions Continue to Affect the Turkish Lira

On Monday, the Turkish lira fell to 9.85, its another all-time low after President Tayyip Erdogan said he ordered the expulsion of ambassadors from the U.S. as well as nine other Western countries. A combination of problems stoked market volatility and sent Turkey’s sovereign dollar bonds tumbling. After touching the record low against the U.S. …

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Euro and Aussie Declined. What About the U.S. Dollar?

Australian Dollar Fell Against the U.S. Dollar and Yen 

Risk-sensitive currencies slipped from multi-month highs on Thursday after their rally on strong raw material prices was sideswiped by sudden selling against the Japanese yen, in what traders described as inevitable profit-taking after a long rally. The Australian dollar dropped 0.2% against the U.S. dollar. Earlier in the day, the Aussie reached a 3 1/2 …

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chart pattern, dollar

Dollar Fell Against a Basket of Major Currencies 

The U.S. dollar suffered losses against a basket of major currencies on Friday. The greenback fell as global risk appetite rebounded, helping reduce demand for the world’s reserve currency. Last week, global stocks have rallied as fears about a stagflationary economy declined thanks to better than expected corporate earnings in the U.S.  U.S. retail sales …

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