The German export data was released today, but despite negative results, it failed to slow down the euro in sessions. German exports reportedly fell by 1.8% in August. Traders now worry about the eurozone’s ailing economy as it could drag down the euro in future sessions. Despite negativity around the German exports, the data …
The Thai baht currently reigns as the strongest currency in Asia after gaining 7.4% against the greenback just this year. Yesterday, the Bank of Thailand released its September meeting minutes. After the minutes were released, the THB immediately strengthened against the USD, GBP, CNY, and JPY in sessions. The GBP THB trading pair fell 0.18% …
The USD GBP trading pair ended in positive territories in yesterday’s sessions as traders worry about the pound’s vulnerability. Yesterday, Britain released its revamped temporary tariffs regime if a no-deal Brexit pushes through. The news caused the USD GBP exchange rate to rally and the British pound and its futures to contract yesterday. The USD …
The USD GBP exchange rate gained altitude in today’s trading as the pound sterling, and its futures weaken in sessions. The greenback took advantage of the pound’s vulnerability in Tuesday’s trading, pushing the GBP on edge. The United Kingdom published a revised temporary sanctions regime today as a plan in case of a no-deal Brexit …
The EUR/GBP trading pair dropped yesterday after two disappointing data from the Eurozone and Spain caused the euro to fall. The pair appeared to recover midway through the session, however, euro bulls prevailed, causing the pair to dive. The EUR/GBP exchange rate fell 0.58% or 0.0051 points in yesterday’s trading. The EUR/GBP pair extended its …
After a series of Eurozone data became available, the EURGBP trading pair slightly inched down in sessions. Data from the Spanish services PMI, Eurozone market composite PMI, and the UK composite PMI prevented the euro to gain. Business growth in the Eurozone in September showed contraction in the region’s manufacturing activity takes its toll on …
The UK money weakened in yesterday’s trading after traders got more anxious about the October 31 Brexit. Pound traders expect October to be a wild ride as it is the month of the highly controversial Brexit. As the United Kingdom’s departure from the European Union rapidly approaches, pound traders become more pessimistic towards their Brexit …
UK Money Falls Before Johnson’s Proposal | Wibest Read More »
The UK money or British pound sterling is on its backfoot in today’s trading after Brexit news bother traders. The UK money is expected to face a week of volatility as the European Union reacts to Boris Johnson. Pound traders are also waiting for the British Prime Minister’s speech at the Conservative Party conference in …
The Reserve Bank of Australia unleashed another stimulus package yesterday causing the GBP AUD trading pair to go up. The Australian dollar was crushed after the RBA’s announcement yesterday. RBA governor Philip Lowe delivered another major stimulus for the Australian economy as he and the RBA board decide rate cuts. The new interest rate level …
The third cut of the Reserve Bank of Australia caused the GBP AUD to gain some altitude in today’s trading. The RBA has cut its official interest rates to record lows of 0.75% today at its meeting. The decision was enough to weaken the AUD, pushing the GBP AUD in positive territories. The GBP …
The GBP/USD exchange rate slightly recovers in sessions after weakening over the weekends. The pound sterling started its week on a positive note as it takes advantage of the greenback in Monday’s trading. The GBP/USD exchange rate moved by 0.23% or 0.0028 points in sessions, trading for $1.2318 in sessions. The GBP/USD expair is doing …
GBP/USD Exchange Rate Recovers After Weekend Slip Read More »
Last week the Australian money, or AUD, fought to gain in sessions before the RBA announcement this week. Reserve Bank of Australia governor Philip Lowe shocked the market last week when he said the Australian economy is at a “gentle turning point.” The confusing messages about the direction of the monetary policy in Lowe’s remarks …
Australian Money Defends Gains Last Week | Wibest Read More »
The British tanker ship finally left Iran after suffering from capture two months ago. The tanker ship flagged Stena Impero sailed away from Iran’s Bandar Abbas port on Friday. The departure of the Stena Impero from the Iranian port was confirmed by a local Iranian shipping organization on Friday. According to reports, the British tanker …
The Australian money, or AUD, rises in today’s trading ahead of the highly anticipated meeting of the RBA. Next week Tuesday, the Reserve Bank of Australia is set to announce its decision whether to hold or move its interest rates. As the RBA meeting approaches, the Australian money is doing its best to take advantage …
Australian Money Strengthens Ahead of RBA Meeting Read More »
The US dollar bill fell against other major currencies yesterday after Donald Trump’s comment revived trade war hopes. The US dollar index, or DXY, slipped by 0.06%, or 0.06 points, ranging between 98.86 and 99.13 in sessions. And the US dollar futures for December 19 slipped harder, declining 0.12%, or 0.119 points, in Thursday’s trading. …
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