And that has seen the yuan weaken to 7.2 against the US dollar, a level not seen since 2008. Keep abreast of market opportunities in the FX markets with insights, actionable trade ideas https://getblogo.com/dotbig-ltd-review-key-findings-of-the-broker/ and support. SHANGHAI -China’s onshore yuan extended losses on Wednesday to end the domestic session at its lowest level against the dollar since the global financial crisis of 2008,…
By Sinéad Carew and Alun John NEW YORK/LONDON – After tumbling earlier, sterling rallied against the dollar on Wednesday following the Bank of England’s purchase… SHANGHAI – China’s yuan is unlikely to continue depreciating rapidly, the state-owned Securities Times said in a front-page commentary on Thursday, as currencies… By Gertrude Chavez-Dreyfuss NEW YORK – The U.S. dollar’s share of currency reserves reported to the International Monetary Fund https://www.ig.com/en/forex rose in the second quarter, with the… KUALA LUMPUR – The weakening Malaysian ringgit, which is at its lowest since 1998, was not a reflection of the state of the nation’s economy, its central bank governor… This leaves traders nervous to buy the dip in Gold as it moves to its lowest level since April 2020. The combination of the UK’s mini-budget and general flight to the US dollar has sent the pound broadly lower and GBP/USD to a new record low.
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Prospects of some coordinated central bank action and the lack of fresh news may encourage short-side profit-taking… Copper https://getblogo.com/dotbig-ltd-review-key-findings-of-the-broker/ Rebound Chances Fade on Weak Demand and Rising SupplyCopper prices look doomed to continue languishing over the near term.
- Markets will be waiting on pin and needles this week to see which central bank may be the next to intervene.
- By Ambar Warrick Investing.com– Most Asian currencies crept lower on Monday as concerns over worsening global economic growth kept the dollar close to a 20-year peak, while…
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By Alexander Marrow MOSCOW -The rouble weakened on Friday, giving up huge gains that had seen it soar to an eight-year high against the euro, as investors slashed foreign… By Ambar Warrick Investing.com– Most Asian currencies crept lower on Monday as concerns over worsening global economic growth DotBig account kept the dollar close to a 20-year peak, while… By Alexander Villegas and Natalia A. Ramos Miranda SANTIAGO – Chile’s sliding peso got a shot in the arm in July from a huge $25 billion central bank intervention, but… Despite a rate hike by the BOE of 50bps, GBP/USD is near 37-year lows.
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Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. TAIPEI -Taiwan’s central bank said on Wednesday it will not adopt foreign exchange control measures and that foreign exchange management measures are enough to maintain…
Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. FOREXLIVE™ expressly disclaims any liability for any lost principal or profits without limitation Forex which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results. The pound gained ground against its major counterparts in the European session on Monday, as the U.K.