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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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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Dollar Hovers Near 2-Week Low
The dollar index hovered around 99.4 on Monday, near a two-week low, as investors positioned themselves for a crucial month…
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Offshore Yuan Hovers Over One-Year Peak
The offshore yuan traded around 7.07 per USD, near its highest level since early October last year, as a broadly…
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EUR/USD flirts with 200-day SMA hurdle, above 1.1600 amid a broadly weaker USD
EUR/USD kicks off the new week on a positive note amid the prevalent USD selling. Bets for another Fed rate…
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GBP/USD flat lines near 1.3250 amid UK budget relief
GBP/USD trades flat around 1.3245 in Monday’s Asian session. UK budget relief could support the Pound Sterling. Fed cut odds…
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Japanese Yen climbs to over one-week top vs USD amid divergent BoJ-Fed expectations
The Japanese Yen kicks off the new week on a positive note amid rising BoJ rate hike bets. A softer…
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USD/CAD rebounds above 1.3950 despite upbeat Canadian GDP data
USD/CAD posts modest gains near 1.3980 in Monday’s Asian session. Hassett’s nomination would be bearish for the US Dollar as…
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Chart of The Day – EUR/USD
The euro–dollar pair is pulling back toward the 1.157 area today ahead of Germany’s inflation data, which will be released…
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Offshore Yuan Set for Monthly Gains
The offshore yuan steadied around 7.07 per dollar on Friday, remaining on track for monthly gains as a weakening US…
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