Forex
The foreign exchange market is a global decentralized or over-the-counter market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices.
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Offshore Yuan Trades Near 34-Month High
The offshore yuan traded around 6.91 per dollar on Wednesday, holding near its highest level since April 2023, buoyed by…
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AUD/USD pulls back from three-year high; holds above mid-0.7000s
AUD/USD drifts lower as weak Australian consumer sentiment backs March RBA pause. The Fed-inspired USD weakness could support the major…
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USD/CAD holds steady near 1.3550 as US Retail Sales data looms
USD/CAD flat lines around 1.3560 in Tuesday’s early European session. Canada’s Unemployment Rate dipped to a 16-month low of 6.5%,…
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EUR/GBP Price Forecast: Hovering below resistances at 0.8720 and 0.8745
EUR/GBP appreciates for the second consecutive day and returns above 0.8700. The UK Government’s crisis keeps the Pound on the…
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Japanese Yen stands near one-week high vs. weaker USD
Japanese Yen remains on the front foot against a bearish USD for the second straight day. The removal of political…
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GBP/JPY struggles around mid-212.00s amid BoJ rate hike bets and UK political turmoil
GBP/JPY drifts lower for the second straight day, though it lacks follow-through selling. Intervention fears and BoJ rate hike bets…
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EUR/USD steadies at one-week highs ahead of key US data releases
EUR/USD holds gains at 1.1900 after bouncing up from last week’s lows at 1.1765. Concerns about the US labour market…
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Yuan Rallies as China Flags US Treasury Risk
The offshore yuan advanced 6.9 per dollar on Tuesday, nearing its highest level in thirty-four months, as momentum built after…
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EUR/USD maintains a bid tone: Fed easing hopes hurt the US Dollar
EUR/USD appreciates for the second consecutive day, reaching highs above 1.1860. Eurozone’s Sentix Index points to an improving economic outlook.…
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EUR/USD Price Forecast: Hovers around nine-day EMA above 1.1800
EUR/USD trades near a flattening nine-day EMA, while a rising 50-day EMA supports a mild bullish bias. The 14-day Relative…
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