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 Slips Amid APEC Summit
The South Korean won weakened to around 1,433 per dollar on Wednesday, extending losses for the second session as investors…
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Offshore Yuan Hovers Near 1-Year High
The offshore yuan traded around 7.09 per dollar on Wednesday, hovering near a one-year high as optimism persisted ahead of…
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EUR/USD softens below 1.1650 ahead of Fed rate decision
EUR/USD weakens to around 1.1635 in Wednesday’s Asian session. De-escalating US-China tensions weighs on the Euro. Fed is widely expected to…
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NZD/USD sits near three-week top; stays below 0.5800 amid modest USD uptick, ahead of Fed
NZD/USD retains a positive bias amid the US-China trade optimism, though it lacks bullish conviction. A modest USD uptick acts…
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Australian Dollar holds gains as domestic inflation rises in Q3
Australian Dollar advances as the domestic Consumer Price Index rose 1.3% QoQ in Q3. The AUD gains ground from the…
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GBP/USD falls to near 1.3250 due to increased BoE rate cut bets, Fed policy awaited
GBP/USD loses ground as Pound Sterling weakens on rising odds of BoE rate cuts. Traders now see about a 68%…
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USD/CAD holds losses below 1.3950 ahead of policy decisions from Fed, BoC
USD/CAD depreciates as the US Dollar struggles due to the increased likelihood of a 25-basis-point rate cut by the Fed.…
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AUD/JPY gathers strength above 100.00 on hot Australian CPI inflation data
AUD/JPY gains ground around 100.30 in Wednesday’s Asian session. Australia’s CPI inflation rose to 1.3% QoQ in Q3, hotter than expected. …
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Japanese Yen retreats from one-week high against USD; focus remains on Fed/BoJ decisions
The Japanese Yen strengthens further amid intervention fears and BoJ rate hike bets. Dovish Fed expectations keep the USD depressed…
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AUD/JPY Price Forecast: Crucial upside barrier emerges near 100.00
AUD/JPY falls to near 99.55 in Tuesday’s early European session, down 0.60% on the day. The cross keeps the bullish…
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