FOREX news

Egyptian Pound Sheds Half Its Value Since March

Egyptian Pound Sheds Half Its Value Since March

9
FOREX news
11.01.2023

Egypt, the most populous country in the Arab world, has had a brutal year. The Egyptian pound recently softened by more than 13% to a new low of 32 to the US dollar. Since March 2022, the pound has lost half of its value against the greenback as the...

Sterling Touches Recent Highs Against Dollar

Sterling Touches Recent Highs Against Dollar

19
FOREX news
14.12.2022

The British pound has been edging up against the US dollar in recent weeks to within striking distance of a six-month high as investors await major central bank policy meetings this week, including that at the Bank of England (BOE).The pound was trad...

Malaysian Currency Falls After Deadlocked Election

Malaysian Currency Falls After Deadlocked Election

28
FOREX news
21.11.2022

Malaysia’s stock market and national currency wobbled after an election resulted in the country’s first ever hung parliament. Parties must now form a coalition before an administrative deadline that expires in a few days, and thereafter must deal wit...

Japan's Stealthy Yen Moves Designed for Maximum Impact

Japan's Stealthy Yen Moves Designed for Maximum Impact

31
FOREX news
02.11.2022

The Japanese government spent a record $43 billion supporting the yen in October. Finance Minister Shunichi Suzuki said the interventions were designed to be stealthy, in an attempt to maximize their effects.The Japanese finance ministry and central...

Strong Dollar Spreads Global Pain

Strong Dollar Spreads Global Pain

37
FOREX news
19.10.2022

A powerful US dollar is making currencies around the world weaker and contributing to soaring prices of basic goods and services. The dollar has gained 18% this year, and in September hit a 20-year high, according to the benchmark US Dollar Index tha...

The British Pound Plunges to Record Low Against Dollar

The British Pound Plunges to Record Low Against Dollar

50
FOREX news
25.09.2022

The British pound crashed to a new record low against the US dollar of $1.035 on Monday, freefalling more than 4%. The previous record low for the British pound against the US dollar was 37 years ago, when one pound was worth $1.054.The fall came dur...

Japan Is Scrambling to Help the Struggling Yen

Japan Is Scrambling to Help the Struggling Yen

46
FOREX news
22.09.2022

The Bank of Japan (BOJ) has been acting as a lone dove this year as other major global central banks aggressively hike rates to contain surging inflation.Continuing on a long-held monetary policy course, the BOJ steered clear of intervening to direct...

British Pound Hits 37-year Low as UK Economy Stutters

British Pound Hits 37-year Low as UK Economy Stutters

44
FOREX news
18.09.2022

The British pound plunged to a 37-year low this past Friday after new data showed consumers haveslowed spending, raising fears that the economy may already be in a recession.The currency fell below $1.14, a level not seen since 1985. Retail sales in...

Euro Slides to 20-Year Low after Russia Throttles Gas Supplies

Euro Slides to 20-Year Low after Russia Throttles Gas Supplies

66
FOREX news
05.09.2022

The embattled euro has fallen below $0.99 – a new two-decade low – after Russia stopped gas supplies to Europe, heightening fears of a deep energy crisis across the continent.The euro has lost 20% of its value in the past three months. Europe is desp...

Yen Falls to 24-year Low Against US Dollar

Yen Falls to 24-year Low Against US Dollar

56
FOREX news
01.09.2022

The Japanese yen has fallen to a 24-year low against the dollar as investors brace for higher US interest rates.One dollar is now worth more than 140 yen for the first time since 1998, as the greenback continues its period of strength against most ma...

US Job Growth Climbs, Calming Recession Fears

US Job Growth Climbs, Calming Recession Fears

65
FOREX news
10.08.2022

US companies added more than double the number of jobs forecast for July, revealing strong labor demand that tempered recession fears and suggested the Federal Reserve will continue to use steep interest rate hikes to combat out-of-control  infl...

Argentina’s New Economic Minister Faces Daunting Task

Argentina’s New Economic Minister Faces Daunting Task

91
FOREX news
04.08.2022

Argentina’s new Economy Minister Sergio Massa has pledged to stop printing money that helps fuel runaway inflation. With the country facing a deepening economic crisis, Massa became the third economic minister in a month.  He inherits t...

Euro Fragile as Fed Hike Looms

Euro Fragile as Fed Hike Looms

67
FOREX news
27.07.2022

The euro was still jittery in this week’s trading after its steepest plunge in two weeks, as a disruption in Russian gas supplies sent energy prices soaring. The euro fell about 1% to $1.0108 overnight, its biggest fall since early July. Eur...

Indian Rupee Falls to Record Lows

Indian Rupee Falls to Record Lows

64
FOREX news
26.07.2022

The Indian rupee has fallen more than 7% in 2022, adding to inflationary pressure and destroying margins for importers in this otherwise import-dependent country.  The rupee stands on the threshold of 80 to a US dollar and may soon fall furth...

Australia’s Central Bank Says Interest Rates Too Low

Australia’s Central Bank Says Interest Rates Too Low

71
FOREX news
19.07.2022

The Reserve Bank of Australia (RBA) has said that interest rates will need to be raised much higher to calm red-hot inflation, despite recent rate hikes. The central bank sees the prevailing benchmark rate of 1.35% as being “well below&rdquo...