Trump criticism of forex weighs on dollar

AFP-Jiji NEW YORK (AFP-Jiji) — The dollar slid against the euro and pound Friday as U.S. President Donald Trump adopted an aggressive posture on trade and foreign exchange, stoking talk of a currency war in addition to a trade war. In an interview with CNBC television broadcast Friday, Trump bluntly threatened to slap all Chinese […]

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Best Forex Broker in Australia

Our favorite forex brokers Forex, also called FX by traders, is short for foreign exchange, trading one currency for a currency from another country or region, like trading AUD for USD or AUD for Euros. If you’ve ever traveled to another country and have exchanged your currency for a local currency, you’ve been exposed to […]

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Forex reserves down by $734.5 mn

India’s foreign exchange reserves declined $734.5 million to $405.075 billion for the week ended July 13, Reserve Bank data showed today. The forex kitty had declined $248.20 million to $405.81 billion in the previous reporting week. The reserves had touched a record high of $426.028 billion in the week to April 13, 2018. During the […]

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The Forex Market: The Best Choice For Investments

What is Forex? FOREX (FOReign EXchange) is an international currency exchange market. It was founded on January 8, 1976, as a result of the gold standard cancellation, when members of the International Monetary Fund refused to set a fixed price for gold and limits on changes in the currency rates. Forex is an “over-the-counter market”. […]

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FOREX-Dollar below one-year highs on Trump comments; yuan eyed

LONDON (Reuters) – The dollar held below a one-year high on Friday after U.S. President Donald Trump expressed concern about a stronger currency, although a weakening Chinese yuan reduced risk appetite. FILE PHOTO: Bundles of banknotes of U.S. Dollar are pictured at a currency exchange shop in Ciudad Juarez, Mexico January 15, 2018. REUTERS/Jose Luis […]

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FOREX-Yuan slumps, dollar on defensive after Trump comments

TOKYO (Reuters) – The yuan slumped to a more than one year low on Friday while the dollar edged down against major peers after U.S. President Donald Trump expressed concern about the currency’s strength. FILE PHOTO: A picture illustration taken on January 18, 2011, shows a 1 euro coin on one U.S. dollar banknotes. REUTERS/Kacper […]

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China state banks seen selling dollars in forex markets as yuan slides – traders

SHANGHAI (Reuters) – Major state-owned Chinese banks were seen selling dollars in both onshore and offshore foreign exchange markets on Friday, three traders said, in an apparent attempt by authorities to prevent the Chinese currency from sinking too rapidly. FILE PHOTO: Chinese 100 yuan banknotes are seen in this picture illustration taken July 11, 2013. […]

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Liberia: Confusion in Forex Market over 'Lack' of Common Exchange Rate

Monrovia – There is confusion on the currency market in Liberia; at the moment it is unknown what exchange rate is being used to exchange U.S. dollar for Liberian dollar. The Central Bank of Liberia (CBL), commercial banks and operators of forex bureaus all use self-determined rates. Report by Bettie K. Johnson-Mbayo, [email protected] FrontPage Africa […]

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British Pound Dominates Forex Market

Although it is strictly true to say that the major movements in the Forex market this week have been driven by the U.S. Dollar, as is typically the case, the major currency which is in the deadlines and which is moving with the greatest strength and volatility is the British pound. Strong movement in the […]

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Emerging market volatility fuelling currency trading boom

By Tommy Wilkes LONDON (Reuters) – Emerging market foreign exchange trading is growing at a double-digit clip this year, as economic and political worries stoke volatility and sell-offs in currencies such as the Chinese yuan, Turkish lira and Mexican peso, industry data shows. ‘G10’ currencies from the developed world still dominate the $5 trillion-a-day forex […]

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