Industry

Canadian Dollar Hits 7-Month High as Economy Gallops 6.5% m-o-m in June

The loonie rallied against the greenback to hit a seven month high of $1.304 after the recent GDP data indicated…

4 years ago

Russian Ruble Could Weaken Further on Geopolitical Developments & Economic Downturn

The USD/RUB rose to 1.0148 or 1.38% to close at 74.8000 Friday and there are indications that the ruble would…

4 years ago

Why the British pound is Strengthening?

The British pound rallied against the green back to trade at 1.3110 levels due to betterment in risk appetite and…

4 years ago

Turkish Lira Weakens to Record Low Against the Greenback

Turkish lira hit a historical low of 7.80 against the US dollar Wednesday as worldwide economic recession triggered by the…

4 years ago

Australia Unemployment Rate Hits 22 Year High

Australia’s unemployment rate inched upwards to 7.5% in July, from 7.4% in prior month, but exceeded market’s expectations for an…

4 years ago

Chinese Yuan Declines Against the Dollar on Heightened Tensions With US

The Chinese yuan declined to 6.97 against the greenback after the PBoC (People’s Bank of China) set the onshore rate…

4 years ago

US Dollar Gains On Strong Job Additions in July, 10-Year Treasury Note Hovers Near 234 Year Low

The dollar index rose to 93.4 Friday after the US employment data indicated that the economy added better-than-anticipated jobs in…

4 years ago

Latin American Economies Continue to Struggle as Philippines Enters Recession

Data published by IHS Markit indicated that Brazil services PMI (purchasing managers’ index) increased to 42.50 in July, from 35.90…

4 years ago

Argentine Peso Hits Historical Low As US Dollar Hovers Near 2-yr Low

The peso hit a historical low of $72.51 against the US dollar after the Argentine government stated that it had…

4 years ago

Fitch Downwardly Revises US Rating Outlook to Negative

Rating agency Fitch has downwardly revised the US sovereign ratings outlook to negative from stable, while affirming the debt grade…

4 years ago