Foreign Xchange

23/12/2022

Japanese Finance Minister Shunichi Suzuki said on Friday that the Bank of Japan’s moves on Tuesday were likely aimed at laying the ground for continuing with its existing monetary policy.

Japanese Finance Minister Shunichi Suzuki said on Friday that the Bank of Japan's moves on Tuesday were likely aimed at laying the ground for continuing with its existing monetary policy.

23/12/2022

India’s future interest rate hikes should be carefully calibrated and its intervention in the foreign exchange market should be limited to managing volatility, the International Monetary Fund (IMF) said on Friday.

India's future interest rate hikes should be carefully calibrated and its intervention in the foreign exchange market should be limited to managing volatility, the International Monetary Fund (IMF) said on Friday.

23/12/2022

The dollar gained against most currencies in choppy trading on Friday, tracking Treasury yields, as U.S. data showing a slowdown in the rise of one measure of inflation is not likely to prevent the Federal Reserve from keeping interest rates higher for longer.

The dollar gained against most currencies in choppy trading on Friday, tracking Treasury yields, as U.S. data showing a slowdown in the rise of one measure of inflation is not likely to prevent the Federal Reserve from keeping interest rates higher for longer.

23/12/2022

The Axa Research Fund has published an in-depth analysis of societal resilience. The publication highlights that three decades of economic growth and technological innovation have contributed to reducing extreme poverty and increasing literacy.

The digitalisation of money negatively impacts social cohesion and financial inclusion. With digitalisation, the monetary system becomes more a private good than a public one – and one that risks leaving the most vulnerable behind.

23/12/2022

The European Council agreed on its position on an anti-money laundering (AML) regulation and a new directive (AMLD6) aimed at protecting EU citizens and the EU’s financial system against terrorist financing. The directive includes a limit on cash payments exceeding €10,000. Member states will have the flexibility to impose a lower maximum limit if they wish.

https://cashessentials.org/the-european-council-agrees-on-a-e10000-limit-on-cash-payments/

23/12/2022

In December 1993, economist Joel Waldfogel, from Yale University, measured the “deadweight loss” of Christmas, by studying the difference between the cost of Christmas gifts and how much their recipients valued them, after they had accounted for exchanges and put sentimental value aside. A deadweight loss is a cost to society created by market inefficiency, which occurs when supply and demand are out of equilibrium.

Economists debate the merits of distributing cash rather than gifts for Christmas.

16/12/2022

USD/INR retreats to 82.75 from a 1.5-month high, marked the previous day, as global markets take a sigh of relief during early Friday.

USD/INR retreats to 82.75 from a 1.5-month high, marked the previous day, as global markets take a sigh of relief during early Friday. In doing so, th

16/12/2022

GBP/USD regains 1.2200 as it consolidates the recent losses amid a sluggish Friday morning in Europe. In doing so, the Cable pair portrays the trader’s positioning before the key UK/US data after bears cheered the Bank of England’s (BOE) dovish rate hike with the biggest daily slump in six weeks.

GBP/USD regains 1.2200 as it consolidates the recent losses amid a sluggish Friday morning in Europe. In doing so, the Cable pair portrays the trader’

16/12/2022

The AUD/USD pair has stretched its recovery to near 0.6735 in the Asian session as the risk-off impulse has eased. The Aussie asset rebounded after printing a fresh six-day low at 0.6680.

Check our updated for AUDUSD News including real time updates, forecast, technical analysis and the economic latest events from the best source of Forex News.

14/12/2022

Inflation has started to decelerate in the UK. These figures, however, were largely ignored by market participants. The Federal Reserve's policy announcements are set to move the GBP/USD pair, economists at ING report.

Inflation has started to decelerate in the UK. These figures, however, were largely ignored by market participants. The Federal Reserve's policy annou

14/12/2022

The EUR/USD pair struggles to gain any meaningful traction on Wednesday and oscillates in a narrow band through the first half of the European session. Spot prices, however, manage to hold comfortably above the 1.0600 mark and remain well within the striking distance of over a five-month peak touched on Tuesday.

The EUR/USD pair struggles to gain any meaningful traction on Wednesday and oscillates in a narrow band through the first half of the European session

14/12/2022

EUR/SEK is trading in the 10.85/10.90 range. Economists at ING expect the pair to remain elevated for the time being before moving back lower in the second half of 2023.

EUR/SEK is trading in the 10.85/10.90 range. Economists at ING expect the pair to remain elevated for the time being before moving back lower in the s

14/12/2022

The Pound US Dollar (GBP/USD) exchange rate is gaining ground ahead of the Federal Reserve’s interest rate decision this evening.

Home » GBP » GBP to USD » GBP/USD Exchange Rate to Firm if Fed Confirms Dovish Pivot? GBP/USD Exchange Rate to Firm if Fed Confirms Dovish Pivot? Posted by Lauren Coulson on December 14, 2022 in GBP to USD. Tweet Like It Google + Linkedin Pinterest Pound US Dollar (GBP/USD) Exchange Rate Firms ah...

14/12/2022

The Euro US Dollar (EUR/USD) exchange rate is zigzagging this morning. Investors now turn their attention to central bank interest rate decisions. A flurry of disappointing data weighed on both the Euro and the US Dollar.

The Euro US Dollar exchange rate is zigzagging this morning as investors turn their attention to central bank interest rate decisions.

14/12/2022

The U.S. dollar stabilized in early European trade Wednesday ahead of the Federal Reserve's rate decision after a sharp drop overnight in the wake of cooler-than-expected inflation data.

Dollar continues falling ahead of Federal Reserve rate decision

10/12/2022

Like 10 or 20 years ago, today currency trading remains one of the fastest and most significant means of online earning. And if for some reason you are not yet a currency trader, you should read this article and find out what currency trading is.

How to trade currency on Forex through brokers? What is currency exchange? In this article you will learn how to trade currency pairs and start earning without risk.

10/12/2022

Traders interested in the technical analysis must have come across chart patterns or even used them in trading. However, there are less known, but far more accurate patterns that could project future price movement in any timeframe.

An ultimate guide to harmonic patterns in forex trading. All types of XABCD patterns and trading signals. Harmonic patterns Gartley, Bat, Butterfly, Crab, and Shark.

08/12/2022

As we all know, there is no quick way to build wealth. Sustainable wealth is created through the consistent exercise of good practices over a long period of time.

It’s worth committing to a set of healthy financial habits to strengthen your financial position in 2023 and beyond.

08/12/2022

China announced more measures loosening COVID-19 health measures after new data showed its trade slowed sharply in November.

China trade slump, Apple woes, central bank meetings - what's moving markets

07/12/2022

Australia's economy slowed a little in the September quarter as sky-high prices and rising interest rates sapped consumer spending power, a sign aggressive policy tightening is working to cool demand.

Australia's economy slowed a little in the September quarter as sky-high prices and rising interest rates sapped consumer spending power, a sign aggressive policy tightening is working to cool demand.

07/12/2022

The Indian rupee rose against the dollar and forward premiums inched up on Wednesday after the Reserve Bank of India (RBI) raised rates by 35 basis points (bps) and said that inflation risks remained.

The Indian rupee rose against the dollar and forward premiums inched up on Wednesday after the Reserve Bank of India (RBI) raised rates by 35 basis points (bps) and said that inflation risks remained.

06/12/2022

The British pound has shown some resilience against the greenback this morning after positive retail sales data.

GBP/USD is trading at key technical levels as the dollar finds support from U.S. economic data.

06/12/2022

At the Forum, Royal Dutch Kusters, Hunkeler and De La Rue all presented data about how central banks dispose of unfit banknotes irrespective of the substrate they are printed on. Reconnaissance has concentrated solely on unfit cotton banknotes because the majority of the world’s banknotes are cotton based.

To coincide with the Cash & Payments Sustainability Forum™ in mid-November, Reconnaissance (co-publisher of Currency News™) issued a whitepaper – ‘What Goes Round Comes Round’. It describes a range of options for central banks (for whom waste disposal is not a core expertise) to dispose of...

05/12/2022

The Australian dollar (AUD) rebounded in November 2022 on the back of broad-based US dollar weakness, on expectations of slower US Federal Reserve (Fed) rate hikes to come.

The AUD has underperformed the USD in 2022 year-to-date. What lies ahead for AUD? Read more in our Australian dollar forecast.

05/12/2022

The Australian Dollar dunked lower twice today after local data showed slowing economic activity and then the Chinese PMI missed estimates

The Australian Dollar had a look lower after China’s PMI disappointed at 48, while local statistics showed an economy at a crossroads. Where to for AUD/USD?

02/12/2022

The US dollar continues to make fresh multi-month lows against a range of other currencies with USD/JPY now down just over 12% from its October 24 multi-decade high.

The US dollar’s spectacular fall from grace continues with the greenback shedding 12% against the Japanese Yen in just over five weeks.

02/12/2022

EUR/USD consolidates above the psychological 1.0500 level ahead of the NFP report out later today. The Euro is currently trading at 6-month highs to the greenback around 1.0540 as the dollar index continues to slide.

EUR/USD Outlook: EUR/USD alternates between gains and losses as the NFP release approaches. Can the NFP data offer the dollar some support?

01/12/2022

The pound has pulled off its biggest monthly increase against the U.S. dollar since July 2020 in November, although its rally was eclipsed by peers such as the yen and the Swiss franc.

Defiant pound sees biggest monthly rise since 2020 - but still trails most peers

01/12/2022

The Canadian dollar fell against its broadly weaker U.S. counterpart on Thursday, as investors scaled back Bank of Canada interest rate hike bets and domestic data showed factory activity slowing for a fourth straight month.

Canadian dollar lags G10 peers as greenback slides

30/11/2022

Recent gains against dollar mark turnaround from earlier this year, when it fell to its weakest level in two decades

Recent gains against the dollar mark a turnaround from earlier this year, when it fell to its weakest level in two decades.