News

10 Aug

Turkish Lira Slides To Record Low Against U.S. Dollar

The Turkish Lira dropped against the U.S. dollar in the early European session on Thursday, amid escalating tensions between the US and Turkey. The Lira fell to an all-time low of 6.0792 against the greenback, from Thursday’s closing value of 5.5451. The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex

10 Aug

Pound Falls Ahead Of U.K. GDP Data

At 4.30 am ET Friday, the Office for National Statistics publishes UK GDP data for the second quarter as well as industrial and construction output and foreign trade figures for June. Ahead of these reports, the pound dropped against its major rivals. The pound was worth 141.39 against the yen, 1.2692 against the franc, 1.2756 […]

25 Jul

Pound Slides Against Majors

The pound dropped against its major counterparts in early European deals on Wednesday. The pound slipped to 0.8897 against the euro and 1.3036 against the franc, from its early weekly highs of 0.8878 and 1.3076, respectively. The U.K. currency retreated to 1.3140 against the greenback and 146.11 against the yen, reversing from its early 8-day […]

17 Jul

Pound Falls After BoE Carney Warns Of Serious Consequences From No Deal Brexit

The pound dropped against its major counterparts in the European session on Tuesday, trimming its early gains, after the Bank of England Governor Mark Carney warned of major economic consequences to the U.K., if a no-deal Brexit scenario arises. “Speaking very narrowly about the financial services side, in the event of a no-deal scenario… there […]

17 Jul

Dollar Extends Gain Amid Powell’s Testimony

The U.S. dollar continued to be higher against its major counterparts in the New York session on Tuesday, after Fed Chairman Jerome Powell remarked that the central bank would continue raising rate gradually amid solid economic expansion. In his semi-annual testimony, Powell struck a positive note on economy, indicating that he expects the job market […]

11 Jul

Euro Falls As European Shares Decline On Rising Trade War Worries

The euro declined against its major counterparts in the European session on Wednesday amid risk aversion, as investors fretted about an escalating trade war between the world’s two largest economies. Beijing vowed to take countermeasures after the U.S. proposed tariffs on an extra $200 billion of Chinese goods. The move comes after the U.S. imposed […]

05 Jul

Dollar Falls Vs Most Majors Ahead Of Weekly Jobless Claims

At 8:30 am ET Thursday, the U.S. weekly jobless claims for the week ended June 30 are due. Ahead of the data, the greenback traded mixed against its major rivals. While the greenback held steady against the yen, it dropped against the rest of major rivals. The greenback was worth 110.59 against the yen, 0.9912 […]

11 Jun

MatchPlace at MoneyConf 2018

Follow us this week at MoneyConf in Dublin, June 11-13 2018 We are keen to speak with our peers about Fintech hot topics that would bring value to customers. Future of AI, blockchain, peer to peer lending… at MatchPlace, we curate and aggregate technology to deliver efficient financial services.   Today, Fintech adoption is not […]

07 Jun
EURO

Euro Rebounds on Rising Expectations ECB May Wind Down Stimulus

The euro remained near two-week highs versus majority of its rivals on Thursday, on increasing bets the European Central Bank may announce it will taper its stimulus program by year-end as early as next week at the end of its policy meeting. The central bank’s chief economist Peter Praet, a close ally of President Mario […]