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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GBP/USD moves below 1.3150 as traders expect BoE rate cut in December
GBP/USD loses ground as the Pound Sterling struggles dovish tone surrounding the BoE policy outlook. BoE’s Megan Greene expressed doubt…
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USD/CAD holds gains above 1.4000 as US government shutdown nears end
USD/CAD appreciates as the US Dollar gains on optimism of ending the US government shutdown. Weaker-than-expected ADP employment data have…
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Australian Dollar extends losses despite cautious RBA tone
Australian Dollar extends its losses despite a cautious RBA policy stance. The AUD could regain its ground as RBA’s Hauser…
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Japanese Yen remains depressed amid BoJ rate hike caution, risk-on impulse
The Japanese Yen remains depressed as Takaichi flags a looser fiscal goal, urges BoJ rate hike caution. A positive development…
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EUR/USD remains near 1.1600 as ECB holds steady, Fed easing eyed
EUR/USD may regain its ground as the ECB is expected to hold interest rates steady for the time being. The…
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South Korean Won Slips on Continued Capital Outflows
The South Korean won slipped to around 1,464 per dollar on Tuesday, falling to its lowest level in seven months…
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Pound Falls as Weak Labor Data Fuels BoE Cut Bets
The British pound weakened to $1.31 after weaker-than-expected labor market data strengthened expectations of a Bank of England interest rate…
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Dollar Holds Steady as Shutdown Deal Eyed
The dollar index was little changed around 99.6 on Tuesday, moving sideways so far this week as investors awaited progress…
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Yen Approaches 9-Month Low
The Japanese yen depreciated toward 154.5 per dollar on Tuesday, nearing nine-month lows as optimism over a potential US government…
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Kiwi Dollar Hovers Close to 7-Month Low
The New Zealand dollar traded around $0.564, near its lowest level since early April, as a subdued inflation outlook added…
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