By Peter Nurse – The U.S.

By Peter Nurse – The U.S.

MOSCOW – The rouble edged lower against the dollar, euro and yuan on Tuesday, as the Russian currency began trading without the support of a favourable month-end tax… By Hari Kishan BENGALURU – The dollar’s retreat in foreign exchange markets is temporary, according to a Reuters poll of currency strategists, who said the greenback… A carry trade is a trading strategy that involves borrowing a low-yield currency and investing in a high-yielding asset to exploit the interest rate differential. Carry trades are most common in forex trading with traders borrowing the low interest Japanese yen to buy higher interest currencies. Learn what currency pairs work best and how to execute the strategy yourself in our full guide.

By Georgina Lee and Samuel Shen HONG KONG/SHANGHAI – China’s digital yuan took the centre stage in the world’s largest cross-border central bank digital currency … BRASILIA – Brazil’s central bank on Thursday said it would hold auctions starting on Friday to roll over $15.1 billion in traditional currency swaps maturing on Dec…. By Peter Nurse – The U.S. dollar stabilized in early European trade Friday ahead of the release of key inflation data, while the Japanese yen edged lower after the… By Ambar Warrick– Most Asian currencies moved little on Wednesday as caution kicked in ahead of a widely expected interest rate hike by the Federal Reserve, while… Stay up-to-date on breaking as well as relevant financial developments. The Federal Reserve on Wednesday announced its widely expected decision to raise interest rates by another 75 basis points.

  • The South Korea stock market has moved higher in three straight sessions, advancing almost 70 points or 3.2 percent along the way.
  • By Peter Nurse – The U.S. dollar weakened in early European trade Tuesday as traders weighed the likelihood that the Federal Reserve signals a less aggressive…
  • By Peter Nurse – The U.S. dollar edged lower in early European trade Wednesday, with traders cautious ahead of the conclusion of a crucial Federal Reserve meeting.
  • By Peter Nurse – The US dollar stabilized in early European trading Thursday, after overnight losses, while the euro pushed above parity ahead of an expected jumbo…
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Fed Chairman Powell hinted at a slower pace of rate hikes, but the key question is whether the peak rate will be above or below 5%… Ethereum Classic price is about to lose its four-month-long support following a 6.37% dip. The Federal Reserve raised the interest rates on Wednesday, making it the fourth-largest consecutive hike in history. Note that the content on this site should not be considered investment advice. This site Forex brokers is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence. This website is free for you to use but we may receive commission from the companies we feature on this site.

UK PM Sunak to extend ‘windfall taxes’ on oil & gas firms for 5 years: raising 40bn GBP

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The KOSPI now rests just above the 2,335-point plateau although investors may lock in gains on Thursday. The Malaysia stock market has finished higher in two of three trading days since the end of the two-day slide in which it had dipped almost 8 points or 0.6 percent. The Kuala Lumpur Composite Index now rests just above the 1,450-point plateau although it figures to head south again on Thursday.

Bank of Canada Preview: Will the BOC hike rates by 75bps?

The Euro is at the mercy of a hawkish Federal Reserve, as Eurozone PMIs show a recession is lurking. The Federal Reserve’s dovish statement and a hawkish Jerome Powell spurred turmoil in the market, benefitting the safe-haven American dollar. SHANGHAI – The yuan briefly touched a 1-1/2-week high against the dollar before giving back all the gains by midday on Thursday as Chinese cities tightened curbs against…

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By John McCrank NEW YORK -The yen fell more than 1% against the dollar on Friday after the Bank of Japan bucked the trend among other major central banks and stuck with… European stocks closed lower on Wednesday with investors largely making cautious moves, digesting earnings and economic news, and looking ahead to the Federal Reserve’s monetary policy announcement, due later in the day. Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances.

News & Analysis

Get expert reaction to latest market news and seize potential opportunities. NZD/USD Outlook Mired by Failure to Clear October Opening RangeNZD/US may struggle to retain the advance from earlier this month if the exchange rate fails to clear the October high (0.5814). BENGALURU – The Reserve Bank of India will launch the pilot for a central-bank-backed digital rupee for the wholesale segment on Nov. 1, it said on Monday,…

Truss out as UK Prime Minister. What’s next for GBP/USD?

A volatile session for the yen on Friday likely points to a currency intervention from the BOJ or MOF, in an attempt to stop or at least pause the currency’s fast depreciation. Upcoming economic data releases from the US this week includes a slew of housing data and Forex brokers Core PCE. The tone set by the removal of forward guidance and the lack of information regarding QT led the markets to believe this was a dovish hike. Volatility should continue this week with the RBA, FOMC, and BOE all meeting to discuss interest rate policy.

Renewed Selling Pressure Expected For Malaysia Shares

Citing efforts to achieve maximum employment and inflation at the rate of 2 percent over the longer run, the Fed announced its decision to raise the target range for the federal funds rate to 3.75 to 4 percent. The South Korea stock market has moved higher in three straight sessions, advancing almost 70 points or 3.2 percent along the way.

AUD/USD finds bids from 0.6350, downside looks likely on Fed-RBA policy divergence

LONDON – France, Singapore and Switzerland have launched a joint trial of their experimental central bank digital currencies in the first cross-regional trial of… Private sector employment in the U.S. increased by more than expected in the month of October, according to a report released by payroll processor ADP on Wednesday. ADP said private sector employment jumped by 239,000 jobs in October after climbing by a downwardly revised 192,000 jobs in September. The U.S. dollar slipped after the Federal Reserve announced its monetary policy on Wednesday, but regained lost ground and emerged above the flat line subsequently.

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