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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US Dollar Index edges lower to near 98.50, awaits Fed’s Monetary Policy Report
US Dollar Index depreciates, possibly driven by a technical correction. The Greenback may regain ground due to the potential threat…
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Turkish Lira Extends Steady Depreciation
The Turkish lira weakened past 39.5 per USD in June, extending its depreciating momentum as the central bank continued to…
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Chart of The Day – EUR/CHF
The Swiss National Bank (SNB) has cut its policy rate by 25 basis points to 0.00%, marking its sixth consecutive cut since March 2024 and…
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Offshore Yuan Stabilizes After Lujiazui Forum
The offshore yuan stabilized around 7.19 per dollar on Thursday, as investors digested key announcements made at the opening of…
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GBP/USD holds losses near 1.3400 ahead of BoE’s policy decision
GBP/USD depreciates due to heightened safe-haven demand amid the rising Israel-Iran conflict. The BoE is widely expected to keep its…
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AUD remains subdued as US Dollar rises amid rising Israel-Iran conflict
The Australian Dollar remains subdued after mixed employment figures were released on Thursday. Australia’s Employment Change surprisingly declined by 2.5K…
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JPY struggles to lure buyers amid diminishing odds for BoJ rate hike in 2025
The Japanese Yen struggles to lure buyers amid reduced bets for a BoJ rate hike in 2025. The USD climbs…
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EUR/USD extends downside to near 1.1450 ahead of ECB’s Lagarde speech
EUR/USD softens to around 1.1465 in Thursday’s Asian session. The Fed held rates again, expecting two rate cuts by year-end. …
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USD/INR extends winning streak on possibility of US attack on Iran
The Indian Rupee edges higher to near 86.57 against the US Dollar on escalating Middle East tensions. Bloomberg reported the…
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USD/CHF looks to build momentum beyond 0.8200 ahead of SNB rate decision
USD/CHF attracts buyers for the fifth straight day amid a broadly firmer USD. The Fed’s hawkish pause on Wednesday lifted…
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