The Latest News on Forex
News about forex trading and the states of the global currency markets.
Russia has turned to foreign currency intervention again, selling yuan instead of “unfriendly” Western currencies in a bid for economic stability.
Can the Japanese Yen reverse its fortunes against the Saudi SAR and other currencies? There is not a clear light at the end of that tunnel.
The British currency took a beating in 2022 sending it to all time lows against the dollar. Can it bounce back?
Yen crosses stabilise following a heavy selling. US equities closed falt and the Nikkei was down by 1.38%.
EUR-USD is higher at 1.3030 as the US Dollar lost a little ground against most currencies. Today sees the release of economic data that may give further clues on the need for another rate cut from the ECB.
The EURO showed signs of weakening against most major currencies after reaching record highs against more them over the past few months.
Forex or Foreign Exchange Trading is an investment activity that has been around for a very long time. It is a worldwide market well known for its long trading hours.