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Uganda’s $2 Billion Loan for its 2020 and 2021 Budget

Yesterday, the market turned its head towards Uganda after its President announced that it would borrow money again. The country’s debt burden will continue...

Prominent Abuse on the American Dollar | Wibest Broker

American financial writer Jeff Siegel recognized the power of the American dollar in an essay earlier this year. He claimed it’s the foundation of...

Australian Money Crumbles, RBA Hints February Easing

The Australian money collapses in forex trading yesterday following the alarming tone of the RBA on its meeting minutes. The Reserve Bank of Australia...

RBA Leaves Room for February Cuts, Australian Money Slips

After traders digested the information on the RBA’s meeting minutes, the Australian money immediately contracted in sessions. But prior to today’s mess up, the...

Chinese Manufacturing Data Fails to Lift Yuan | Wibest

The upbeat results from the Chinese manufacturing PMI report were not good enough to bolster the yuan in sessions. The yuan had a bad...

Chinese Yuan Plunges, No Repos and Factory PMI Bounces

The Chinese yuan dives this Monday after the People’s Bank of China (PBOC) decides to skip its repo rate cut earlier. Aside from that,...

The Greenback Falls, and Maduro Loves the Dollar

Yesterday, the US dollar and its indices fell in sessions as traders were still waiting for fresh news about trade war developments. Meanwhile, in...

Venezuelan President Thanks the Greenback | Wibest

Venezuela’s head honcho, President Nicolas Maduro, opened his arms for the greenback on Sunday and called it an “escape valve.” The United States has...

GBP USD Edges Down After Friday’s Rally

The GBP USD trading pair finally gained yesterday after the US dollar struck its short-term highs on last week’s trading. The pair did not...

Turkish Central Bank Hits Highest Monthly Gold Purchases

Just recently, the World Gold Council released a report showing the Turkish Central Bank on top of global gold purchases. Turkey has hit its...