Forex News

Russian Ruble Rebounds from 2-Month Low as Services, Mfg. PMI Records Robust Increase

The Russian ruble rebounded slightly after hitting a two-month low of 76.20 against the greenback last week as Brent crude…

3 years ago

British Pound Rebounds as BoE Maintains Interest Rate

The Bank of England left its benchmark interest rate unchanged at a historical low of 0.1% in a unanimous decision,…

3 years ago

Covid-19 Restrictions Caused US Personal Spending to Decline in December

A series of mixed economic data ensured a range bound movement of the greenback against other major currencies Friday. However,…

3 years ago

Argentina Economic Outlook for 2021 as Peso Hits New All-Time Low

The Argentine Peso recorded a historical low of 86.3870 against the US dollar Friday, raising concerns about country’s economy outlook.…

3 years ago

Canada Housing Starts Miss Estimates for December

According to the Canada Mortgage and Housing Corporation (CMHC), housing starts decreased to 228,000 units in December, from 261,000 units…

3 years ago

Russian Ruble Declines Further, After Losing 18% in 2020

The Russian ruble lost further ground to trade at 74.60 against the greenback, against the backdrop of sluggishness in oil…

3 years ago

German Industrial Production Manages to Grow Marginally In November

A plethora of economic data published from the euro zone Friday indicated overall weakness in economic activity, despite some bright…

3 years ago

Eurozone Private Sector Activity Contracts in December

A plethora of economic data (December) released today indicated another month of decline in the economic activity in the Eurozone,…

3 years ago

US Jobless Claims Declines, but Concerns Remain

The euro dollar declined against the greenback on the first trading day of 2021 following the release of lower than…

3 years ago

US Pending Home Sales Index Decline for Third Consecutive Month

The euro dollar gained ground against the greenback following the report of weak pending home sales and wider than anticipated…

3 years ago