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 …
Traders in the FX market were slightly relieved as the US dollar regained some of its strength in yesterday’s trading. The greenback recently started off the week on a negative note. The US dollar slowly made headway on Wednesday’s trading as investors regain their risk appetite. The US dollar index recovered, moving up 0.11%, or …
The organizers behind the protests in Hong Kong planned to rally outside the office of Cathay Pacific on Wednesday. Hong Kong-based Cathay Pacific’s shares decline in Asian trading on Wednesday due to rallies against the HK carrier. Cathay Pacific Airways Ltd (0293) went down by 1.75%, or 0.18 points, in yesterday’s trading sessions. Stocks of …
On Wednesday, petroleum products prices inched up. It is with U.S. crude advancing 1.3% after an industry report showed stockpiles in the United States. This is the world’s biggest oil user that dropped more than expected, easing fears about economic growth due to the China-U.S. trade conflict. Brent crude futures mounted 59 cents, or 1.0%, …
Petroleum Products Price Upsurges as Economic Fears Eases Read More »
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 Reserve Bank of Australia warned traders about the risks brought by the trade war to the AUD and other currencies. According to the RBA, the Sino-US trade conflict poses significant risks or threats based on their study. Their research suggests that the consumer has gotten more reluctant to spend their money in local shopping …
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 …
On Monday, oil prices were dragged down in Asia. This was due to the persisting announcement of an additional 5% tariff by China on $75 billion of U.S. products. Crude oil is included on the U.S. products that were on the list of tariffs. In revenge, U.S. President Donald Trump indicated he ordered U.S. companies …
Oil Prices Decline as US-China Tariff Conflict Endures Read More »
The Turkish lira had a downward run against the greenback in Monday’s trading sessions. The Turkish currency tumbled by over 1% which the forex market calls a “flash crash.” The fall is caused by the Japanese investors cutting risk assets against the ongoing trade war between the US and China. The USDTRY trading pair went …
US President Donald Trump and Japanese Prime Minister Shinzo Abe’s new trade deal would greatly help US farmers. Tariff-related news have now become more common in the economy category, with more negative news than positive. But just recently, the US president and the Japanese minister agreed to slash off some of Japan’s tariffs on American …
On Thursday, top Trump administration officials met to study choices for suppressing a reaction in politically influential farm states over recent biofuel energy policy moves. The actions comprise revoking refusals given to some oil refineries from the renewable fuel requirements they use such as corn-based ethanol. In the meeting and a memo, the Agriculture Department …
Trump Administration in Talks as Biofuel Energy Wanes Read More »
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 …
The Chinese government said on Thursday that it hopes that the United States will stop enforcing its unjust tariffs. Beijing said that if the new levies will push through, the conflict may further escalate. The spokesperson from the Ministry of Commerce, Gao Feng, held a briefing with reporters on Thursday morning. According to him, if …
Chinese Gov’t Warns to Retaliate Against US Tariffs Read More »
WhoIs Best Broker is leading Forex and Economy news Website. We provide you with the latest news and videos straight from the Financial Industry..
