Dollar struggles near 2-mth lows, yen sags on receding risk aversion

The dollar struggled near two-month lows, while the yen also sagged on Friday on reduced safe haven demand amid a switch in investors’ view that the Sino-U.S. trade conflict would be less damaging to global growth than initially feared. The dollar index against a basket of six major currencies stood at 93.910 after touching 93.829 […]

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What is Happening to the Currency Market in Nigeria?

Thursday, September 20, 2018 / 06:13 PM / FDC  The naira has been trading within a tight band of N359-N361/$ for the past 2 months in the parallel market, whilst the IEFX exchange rate traded within a band of N360-N362.  However, this stability was tested recently when the IEFX window depreciated to a new low of N364/$ before retreating to […]

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FOREX-Dollar slides to seven-week low as trade war fears ebb

* Dollar down, risk-sensitive currencies up on trade hopes * Sterling rises despite caution over EU Brexit summit * Norwegian crown slumps after dovish central bank decision * Aussie holds gains * Graphic: World FX rates in 2018 (Adds detail, updates prices) By Tom Finn LONDON, Sept 20 (Reuters) – The dollar fell to a […]

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Best Forex Broker for Beginners

If you’re new to forex, you may not know that the forex market is an over-the-counter market in which banks, brokers, institutions, investors, and traders buy and sell currencies. A 24-hour market, it functions five days a week. Quick Look: Our favorite forex brokers for beginners Best Overall: Forex.comBest Regulated: Forex.comBest Platform/Ease of Use: Forex.comBest […]

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Cowen Downgrades Skechers, Says Shoemaker Faces Forex, Inventory Pressures

Skechers USA Inc (NYSE: SKX) shares are down 27 percent year-to-date, but given the shoemaker's large valuation gap to peers, Cowen anticipates additional declines.  The Analyst  Cowen analyst John Kernan downgraded Skechers from Outperform to Market Perform and cut the price target from $32 to $28. The Thesis Over the last year, Skechers has suffered a 20-percent drop in desktop […]

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India's forex reserves fall below $400 billion, the lowest in 41 weeks

Indian forex reserves fell to $399.28 billion on the week ending 7 September 2018, as per weekly data from the Reserve Bank of India. Foreign exchange reserves which comprises of foreign currency assets, gold, reserve tranch position and SDRs was at a level that was last seen 41 weeks before on 17 November 2017. India’s […]

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FOREX-Dollar stuck near seven-week low as trade war worries fade

LONDON (Reuters) – The dollar hovered near a seven-week low against a basket of major currencies on Thursday, its safe-haven appeal lessened by fading fears about a trade row between China and the United States. FILE PHOTO: A U.S. Dollar note is seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration/File Photo After a […]

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Dollar near seven-week low as safe haven bids ebb, pound slips on EU summit

The dollar hovered near a seven-week low against a basket of major currencies on Thursday, as safe-haven demand for the U.S. currency ebbed on relief that the Sino-U.S. trade war may not be as damaging as once feared. The British pound stepped back from two-month highs on caution over whether the European Union and U.K. […]

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FOREX-Dollar near 7-week low as markets look past trade woes, pound eyes EU summit

TOKYO (Reuters) – The dollar hovered near a seven-week low against a basket of major currencies, in part as safe-haven demand for the U.S. currency ebbed on relief that tariffs the United States and China imposed on each other’s goods were set at lower levels than some had feared. FILE PHOTO: Turkish Lira and Dollar […]

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SNB unlikely to signal normalization, may “jawbone” franc – Forex News Preview

SNB unlikely to signal normalization, may “jawbone” franc – Forex News Preview Posted on September 19, 2018 at 12:41 pm GMTMarios Hadjikyriacos, XM Investment Research Desk The Swiss National Bank (SNB) is widely expected to keep its ultra-loose policy unchanged when it announces its rate decision on Thursday at 0730 GMT. Investors will look for […]

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