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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Australian Dollar holds ground as Australia Manufacturing PMI rises in November
The Australian Dollar rises after the release of S&P Global Purchasing Managers Index data. S&P Global Manufacturing PMI rose to…
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USD/INR trades steadily ahead of India/US flash PMI data
The Indian Rupee opens on a stable note against its major peers ahead of India’s flash private sector PMI data.…
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Japanese Yen sticks to recovery gains as Japan’s cabinet approves stimulus package
The Japanese Yen (JPY) sticks to modest intraday recovery gains against its American counterpart through the Asian session on Friday,…
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Dollar Set for Weekly Gain
The dollar index held above 100 on Friday, poised to rise nearly 1% for the week amid expectations that the…
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EUR/GBP softens below 0.8850 despite growing expectations of BoE rate cut
EUR/GBP edges lower to around 0.8820 in Thursday’s early European session. Analysts expect the Bank to cut rates in December,…
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EUR/USD slides further to near 1.1500 ahead of US NFP data
EUR/USD falls further to near 1.1500 as the US Dollar strengthens amid receding Fed dovish speculation. Many FOMC policymakers believe…
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GBP/JPY reaches fresh 16-month highs above 205.50
GBP/JPY hit a 16-month high of 205.52 as traders expect PM Takaichi to announce a stimulus package. Reuters poll suggests…
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USD/CAD flat lines above 1.4050, all eyes on US NFP data
USD/CAD trades on a flat note around 1.4060 in Friday’s early European session. The delayed US Nonfarm Payrolls (NFP) data…
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Offshore Yuan Steady After PBOC Decision
The offshore yuan steadied around 7.11 per dollar on Thursday, as China signaled reduced urgency for further monetary policy easing…
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EUR/USD hovers near weekly lows in risk-averse markets
The Euro remains trading sideways below 1.1600, with 1.1570 holding bears for now. A risk-averse sentiment is underpinning the safe-haven…
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