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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Where Do The Major Forex Pairs Go From Here?

With the first day of fall around the corner, most markets are expecting trading activity to pick up as the summer doldrums fade away. The back-from-summer-vacation uptick in activity is a well-known phenomenon across Wall Street, as volume and volatility typically decline during the summer months. But that hasn’t been the case this year in […]

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CBN Intervenes in Forex Market with Fresh $210m

Nume Ekeghe The Central Bank of Nigeria (CBN) on Tuesday intervened in the interbank foreign exchange market to the tune of $210 million. According to the figures obtained from the CBN, it offered $100million to authorised dealers in the wholesale segment of the market, while the small and medium scale enterprises (SMEs) segment received the […]

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FOREX-Dollar near 7-week lows as investors look for fresh drivers

* Japan’s central bank keeps policy settings unchanged * Australian dollar rises to more than three-week highs * Graphic: World FX rates in 2018 By Saikat Chatterjee LONDON, Sept 19 (Reuters) – The dollar neared a seven-week low against a basket of other currencies on Wednesday, while commodity currencies advanced on relief that the latest […]

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Investoo Group Enters Into the LATAM Forex Market with EFXTO.com Acquisition

LONDON–(BUSINESS WIRE)–One of the largest financial lead generation companies in the world, Investoo Group, is expanding into the Latin American market by acquiring leading foreign exchange website EFXTO.com. The brand new venture is the first Spanish-speaking forex product for the company. The acquisition will grow the company’s already extensive portfolio, made up of leading global […]

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Japanese yen at a two-month low as markets ponder US tariffs

The Japanese yen weakened to near-two-month lows against the dollar as financial markets took fresh U.S. tariffs on Chinese goods in their stride and as U.S. bond yields shot up to four-month highs on fears of rising inflation. The British pound gained a tad in early Asian trade, hitting its highest levels in almost two […]

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Argentine central bank says sells $261 million in forex market

BUENOS AIRES (Reuters) – Argentina’s central bank sold $261 million in reserves on Tuesday, the monetary authority said in a statement announcing its latest intervention in the foreign exchange market aimed at easing the fall of the local currency. People walk by the Central Bank in Buenos Aires’ financial district, in Argentina, September 14, 2018. […]

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CBN injects $210m into forex market

Nike Popoola The Central Bank of Nigeria has again intervened in the inter-bank foreign exchange market to the tune of $210m. Figures obtained from the CBN on Tuesday showed that the bank offered $100m to authorised dealers in the wholesale segment of the market, while the Small and Medium Enterprises segment received $55m. Customers requiring […]

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