FOREX-Dollar pares gains before Fed chairman's testimony

TOKYO (Reuters) – The dollar pared gains against its major peers on Tuesday, edging lower as investors awaited Federal Reserve Chairman Jerome Powell’s first congressional testimony for any clues on the pace of U.S. interest rate rises. FILE PHOTO: Bundles of banknotes of U.S. Dollar are pictured at a currency exchange shop in Ciudad Juarez, […]

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Kiwi looks to inflation figures for much-needed support – Forex News Preview

Kiwi looks to inflation figures for much-needed support – Forex News Preview Posted on July 16, 2018 at 1:56 pm GMTMarios Hadjikyriacos, XM Investment Research Desk New Zealand will see the release of its quarterly inflation data for Q2 on Monday, at 2245 GMT. Consensus expectations are for a solid rebound in the CPI rate, […]

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China GDP Growth Rate

Sentiment towards the Chinese economy was dealt a slight blow, following reports of the nation growing at its slowest pace since 2016 during the second quarter of 2018. Chinese GDP growth expanded 6.7% year on year, slightly lower than the 6.8% growth witnessed in the previous quarter amid escalating trade tensions. While the latest GDP […]

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Forex – Dollar Hovering Near 6-Month Highs as Trade Concerns Linger

© Reuters. Dollar hovering near 6-month highs as trade concerns linger Investing.com – The dollar was holding steady not far from six-month highs against a basket of the other major currencies on Monday as trade concerns remained in focus following the release of soft Chinese growth data. The , which measures the greenback’s strength against […]

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FOREX-Dollar settles after biggest weekly rise in a month

LONDON (Reuters) – The dollar edged down on Monday, having notched up its biggest weekly gain in a month last week as investors raised their long bets to the highest level since early 2017, although concerns the economic rebound may be fading has prompted caution about the outlook. FILE PHOTO: U.S. Dollar banknotes are seen […]

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Forex Market Outlook for the Week July 16 – 20, 2018

The greenback made some handsome gains last week, taking advantage of upbeat economic data and trade wars. The U.S. is going forward with the preparation of new tariff rates for Chinese goods worth $200 billion. There is also a possibility that the U.S. and China may enter negotiations. This news drove risk currencies lower and […]

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FOREX-Dollar pauses near 6-month top ahead of big economic indicators

SYDNEY (Reuters) – Major currencies held around recent ranges on Monday thanks to a lull in China-U.S. trade skirmishing and as investors await key data from the world’s two biggest economies to determine whether global growth is running out of puff. An employee of a bank counts US dollar notes at a branch in Hanoi, […]

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BSP income up 421% on forex, high interest rate

Published July 15, 2018, 10:00 PM By Lee C. Chipongian The central bank income grew a whopping 421 percent to P17.55 billion as of end-April from only P3.37 billion during same time last year on higher interest rate and foreign exchange (forex)fluctuations. Based on the latest Bangko Sentral ng Pilipinas (BSP) unaudited statement of income […]

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Forex – Weekly Outlook: July 16 – 20

© Reuters. Dollar ends week higher, Powell testimony ahead Investing.com – Investors will be looking ahead to Federal Reserve Chairman Jerome Powell’s testimony on the economy and monetary policy to a Senate committee on Tuesday. Powell will likely face questions on a wide range of economic issues, including the potential effect of the Trump administration’s […]

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