News

The Largest Forex Market in Japan Releases Bitcoin Exchanges due to Increasing Demand

Z.com Coin bitcoin exchange is one of the latest divisions of GMO. It’s also one of the leading internet and Forex exchange provider of Japan that opened to astounding traffic volumes. The exchange planned to reschedule the launch on Wednesday, due to the temporary delay that was caused previously because major traffic related to high […]

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Singapore Leads in Forex Trading in Asia-Pacific Region

The city-state of Singapore has established itself as a leading offshore financial centre in Asia. As a matter of fact, it is also the forex trading hub of the Asia-Pacific region, coming third after London and New York. The business is overseen by the Singapore Monetary Authority, and like most things in that country, it […]

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First Round of French Elections Boosts Euro and Drops Gold

European markets responded very positively to news that Emmanuel Macron had garnered the highest percentage of votes amongst all the candidates taking part in the initial round of the French presidential elections. While France’s CAC Index reached its nine-year high as soon as the results started coming in, Germany’s DAX touched an all time high. […]

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Nigeria Cuts Forex Rates to BDCs

Nigeria Cuts Forex Rates to BDCs

The Central Bank of Nigeria (CBN) announced a drastic cut in its forex sell rate to Bureaux De Change (BDCs) in the country, taking it to N360 per dollar from its earlier rate of N399 to the dollar. Furthermore, the central bank has also changed the rate at which end users can buy dollars. BDCs […]

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ThinkMarkets Launches Greek Language Forex Website

ThinkMarkets Launches Greek Language Forex Website

ThinkMarkets, the popular brokerage firm dealing in commodities and CFDs in addition to foreign exchange, has recently made an announcement regarding the launch of its website in Greek. This is a very significant step towards expanding the company’s reach in Europe by making its products and services accessible to customers who speak this language and […]

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China’s Central Bank Reduces Forex Sales as Capital Outflows Slow Down

China’s Central Bank Reduces Forex Sales as Capital Outflows Slow Down

Sale of foreign exchange by the People’s Bank of China was the lowest point in five months in January this year, indicating that capital outflows have reduced. China’s central bank has aggressively pursued a policy of scrutinising cross-border transactions. Furthermore, the steadying of the yuan has also reduced the outflow of capital. The People’s Bank […]

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Barclays Joins Citi to Assist With South Africa Forex Trading Probe

Barclays Joins Citi to Assist With South Africa Forex Trading Probe

South Africa’s Competition Commission is set to receive important information from Barclays Plc and Citigroup concerning accusations that a number of banks had colluded to rig the exchange rate of the Rand. There have been concerns that more than a dozen South African and foreign banks had worked together to fix the currency’s exchange value […]

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