South Korea Will Issue Forex Bonds Amid Solid Rating Outlooks
South Korea’s Ministry of Economy and Finance announced that it intends to issue US$1.5 billion or 1.7 trillion won worth of forex bonds in Europe and the United States. This…
Forex News
Sterling, Euro, and Aussie Slightly Rise from Last Week’s Lows
The British pound sterling, euro, and Australian dollar demonstrated higher trading against the US dollar today, July 12. These risk currencies’ exchange rates against the greenback demonstrated subsiding pressure on…
Nigerian Business Community: Forex Scene Needs Improvement
The business sector in Nigeria decried the challenge of access to foreign exchange. The business executives believe that the forex aspect needs overhauling to improve the West African nation’s economy….
US Dollar Remains Firm amid Solid Mood on Economic Recovery
The US dollar held firmly during the early trading session today, Monday, June 28. The greenback’s index against six other major currencies appeared steady at 91.793. This measure had recovered…
Financial and Economic Analysts View US Dollar Highs Temporary
The analysts from Goldman Sachs expressed their insights regarding the US dollar’s latest holding of almost multi-month high. They noted that they do not anticipate a sustained greenback. We want…
Australia, New Zealand Dollars Shaken by US Economy Dynamics
The Australian and New Zealand dollars have exhibited signs that they are largely impacted by the latest developments in the US economy. Last week, the official currencies of the two…
US Dollar Driven Up by Inflation Vs. Japanese Yen
The inflation data in the United States has driven the US dollar higher against the Japanese Yen. This development comes as vaccine roll-outs carry on in the US mainland amidst…
ABCON President: Nigerian Naira Fully Protected by Central Bank
Dr. Aminu Gwadabe has spoken regarding the status of the Nigerian Naira amid the prevailing illicit activities conducted by forex speculators. The head of the Association of Bureau De Change…
UK Authorities Respond to Complaints Vs. Forex Scammer
British authorities have issued their statements regarding the measures they are performing as a response to alleged forex scammer Gurvin Singh. The Financial Ombudsman Service and the Financial Conduct Authority…
Australian Dollar Seen to Get Upside Support with RBA Move
Expectations for the time when interest rates might increase at the Reserve Bank of Australia (RBA) are believed to have implications for the Australian dollar. Analysts delivered their foreign exchange…
India’s Foreign Exchange Reserves Rise despite COVID-19
The Reserve Bank of India or RBI has released the latest data showing India’s foreign exchange reserves surged to US$584.107 billion. It presents an increase of US$1.701 billion in the…
Watchdog: China Forex Market Is Stable, Resilient
Friday, April 23. It included statistics revealing the current status of Chinese financial institutions and the country’s foreign exchange market. We find this news essential to share with our foreign…
Deutsche Bank Cites Chinese Yuan as Reason for New Hub in Singapore
Deutsche Bank AG confirmed that Singapore is the site of its new world foreign exchange or forex trading engine for the emerging markets. This development comes as the multinational financial…
Crude Oil Prices, US Bond Yields Impact Ringgit Trading
Monday’s trading session showed the Malaysian ringgit trading mixed against the world’s major currencies. During the opening bell today, April 12, it opened flat versus the US dollar. The Malaysian…
US Dollar Falls after Fed Issues Different View
Wednesday trading witnessed the US dollar sliding, falling 0.2 percent to 108.84 Japanese yen. The euro surged 0.7 percent against the US dollar to $1.1978. According to the report posted…