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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EUR/USD strengthens above 1.1600 ahead of Eurozone HICP data
EUR/USD extends the rally to around 1.1615 in Tuesday’s Asian session. US manufacturing contracted for the ninth straight month in…
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GBP/USD slides as UK budget strains and US labor data weigh
GBP/USD fumbled early-session gains, reversing course and falling over 0.5% top-to-bottom. UK government budget difficulties are weighing on the Pound…
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NZD/USD holds steady above 0.5700; stalls overnight pullback from one-month peak
NZD/USD trades with a mild negative bias on Tuesday, though the downside remains cushioned. The divergent RBNZ-Fed policy expectations should…
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AUD/USD flatlines below 0.6550 as traders await Australian GDP release
AUD/USD flat lines around 0.6540 in Tuesday’s early Asian session. Softer economic data from the US and further signals from…
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Japanese Yen moves further away from two-week high vs USD amid positive risk tone
The Japanese Yen attracts some sellers as a positive risk tone undermines safe-haven assets. Firming expectations for an imminent BoJ…
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Euro Strengthens to Two-Week High
The euro rebounded above $1.16, reaching its strongest level since mid-November, as investors adopted a cautious stance ahead of key…
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Chart of The Day – USD/JPY
USDJPY begins December by sliding 0.5% in reaction to the latest comments from the Bank of Japan (BOJ) Governor, who…
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GBP Ticks up Slightly on In-Line PMI Data
09:30 AM BST, United Kingdom – PMI Data for November: S&P Global Manufacturing PMI: actual 50.2; forecast 50.2; previous 50.2; The lack of a…
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South Korean Won Extends Losses on Heavy Outflows
The South Korean won weakened to around 1,470 per dollar on Monday, extending losses from the previous session and hovering…
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EUR/JPY weakens below 180.50 as BoJ’s Ueda hints at rate hike
EUR/JPY edges lower to around 180.45 in Monday’s early European session. BoJ’s Ueda signaled that his board might increase interest…
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