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US Dollar Steadies After Trump-Inspired Surge

US Dollar Steadies After Trump-Inspired Surge

The United States Dollar which has been on a sharp rally over the past couple of weeks has finally slowed down just before the Thanksgiving holidays. The currency had reached a 13-1/2-year high this Wednesday as a result of rising positive sentiment regarding President Elect Donald Trump’s effect on the economy. Mr. Trump’s many pronouncements […]

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Dollar Rises Up, Beating the Other Currencies of the World

Dollar Rises Up, Beating the Other Currencies of the World

Recently, the hike of dollar against the major currencies of the world was in the news. It is known that the Federal Reserve is expected to raise the interest rates right after the increased bets by the investors. In comparison to the dollar, the sterling has only witnessed a ‘flash crash’. Yes, it has come […]

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China’s Forex Reserves Dip to $3.20 Trillion in July

China’s Forex Reserves Dip to $3.20 Trillion in July

China’s central bank released data last week that indicated that the country’s foreign exchange reserves had dropped to $3.20 trillion in the month of July. However, industry analysts had expected the reserves to fall. The drop was $4.10 billion and it came on the back of a $13.4 billion rebound that took place in June […]

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Brazil Central Bank Head Says Inflation Needs to be Curbed

Brazil Central Bank Head Says Inflation Needs to be Curbed

Ilan Goldfajn, the tough talking head of Brazil’s central bank, announced that while inflation had reduced slightly measures still had to be taken to curb it further. He said that the government understood the importance of meeting its inflation target for the coming year. The country’s twelve-month inflation is a persistently high 8.74 percent at […]

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Nigeria’s Central Bank Readmits Nine Leading Banks to Forex Market

Nigeria’s Central Bank Readmits Nine Leading Banks to Forex Market

A potential financial crisis was averted in Nigeria when the country’s central bank revoked the suspensions of nine leading banks that had been banned from trading in the highly profitable forex market. The banks had been punished for their failure to remit a total amount of $2.12bn in dollar deposits to the government. The money in […]

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Jamaican Central Bank Steps In To Prevent Forex Instability

Jamaican Central Bank Steps In To Prevent Forex Instability

The Bank of Jamaica (BOJ) recently sold US$55 million as part of its ongoing efforts to stabilise the foreign exchange market in the country. The sale was prompted by a fall in the Jamaican dollar’s value to $127 against the US Dollar. The central bank has previously stepped in during April and again in May […]

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Are Forex Market ETFs Ablt to Offer Better Business Opportunities?

Are Forex Market ETFs Ablt to Offer Better Business Opportunities?

Forex market traders have been managing pretty good profits by taking advantage of the spreads between all-time low yields in certain areas, particularly developed ones, and high yields in a few other markets. Traders are increasingly using this carry trade strategy on forex market exchange traded funds (ETFs) to earn substantial amounts of money. As […]

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