Forex News

Korean Won Strengthens as Bank of Korea Maintains Benchmark Rate

The Korean won strengthened against the greenback after the Bank of Korea maintained its benchmark interest rate at a historical…

3 years ago

Dollar Rebounds From 3-month Low On Upbeat PMI Data

The dollar index rebounded to 92.50 Tuesday, after trading at three month low of 92 on the first day of…

3 years ago

Russian Ruble Remains at 2-month High Despite 4.7% y-o-y Contraction in October GDP

The weak GDP data from Russia ensured a decline of the ruble to 76.10 against the greenback on Friday, but…

3 years ago

Turkish Lira Rallies as Central Bank Raises Benchmark Rate to 15%

Turkish lira strengthened nearly 1% against the greenback to trade at 7.64166 after the Central Bank of Turkey (CBRT) upwardly…

3 years ago

Aussie Rallies on Optimism Over RCEP Deal

The Aussie rallied against the greenback to hit a high of 0.7330 against the backdrop of bullish stock markets and…

3 years ago

Goldman Sachs Forecasts Canadian Dollar to Strengthen Against Greenback in 2021, but Fall Against the Pound

The Canadian dollar had been underperforming this year, but global banking behemoth Goldman Sachs and BMO Capital Markets have suggested…

3 years ago

New Zealand Dollar Hits 20-Month High

The NZD/USD currency pair rallied to 20-month high of 0.6886 following the Reserve Bank of New Zealand’s decision to maintain…

3 years ago

Euro Hits 7-Week High, But Analysts Believe the Trend Will Not Last Long

The eurodollar gained against the greenback Friday to close at 1.1885, reflecting the strongest level since September 15, as investors…

3 years ago

Chinese Yuan hits 27-month High as Biden Inches Towards Victory in the US Presidential Election

The Chinese yuan gained 0.0211 or 0.32% to trade at $6.6470 against the greenback Thursday, reflecting 27-month high, following news…

3 years ago

US Dollar Index Gains 1% Week, But Chinese Yuan Leads Fray with Solid Economic Data

The US dollar index edged upwards to trade at one month high of over 94 Friday, following an extended rally…

3 years ago