Forex

Mexico’s ruling party is considering changes to a proposed judicial reform in an attempt to alleviate concerns from the market. One of the key modifications being discussed is making the election of judges a staggered process over several years. This approach aims to address fears of a potential political takeover of the judiciary. The original
0 Comments
The recent volatility in the currency markets has been largely driven by a combination of factors, including uncertainties surrounding global economic conditions, disappointing earnings reports from major tech companies, and concerns over the Chinese economy. Last week’s softer-than-expected U.S. job data added to the unease, leading to a sell-off in stocks and high-yielding currencies. The
0 Comments
As most Asian currencies traded within a tight range on Monday, they failed to fully capitalize on a weaker dollar. The Japanese yen stood out as it strengthened significantly on safe haven demand and the anticipation of further interest rate hikes by the Bank of Japan. Meanwhile, other currencies like the Chinese yuan also appreciated,
0 Comments
The dollar rallied on Thursday following a previous day’s fall due to central banks’ actions affecting currency markets. The dollar index, which tracks the currency against six others, rose by 0.35% to 104.40. Amid concerns about a slowing global economy and geopolitical tensions, investors turned to the dollar as a safe haven asset, despite the
0 Comments
The U.S. dollar experienced a decline prior to the conclusion of the most recent Federal Reserve rate-setting meeting. The Dollar Index, which monitors the greenback against a basket of other currencies, dropped by 0.3% to 103.992. The outcome of the Fed’s two-day policy-setting meeting is highly anticipated, with expectations that interest rates will remain unchanged.
0 Comments
Japan’s new top currency diplomat, Atsushi Mimura, has stated that the country will maintain its basic approach on the yen, with intervention as an option to address excessively volatile movements in the exchange rate. Mimura emphasized the importance of abiding by internationally agreed commitments that exchange rates should be determined by markets, while also acknowledging
0 Comments
The euro has shown some strength in July when compared to the U.S. dollar, with EUR/USD trading at 1.0818, reflecting a 1% increase over the last month. Despite this positive trend, BCA Research warns of difficult times ahead for the eurozone and recommends investors to sell the single currency. BCA Research anticipates a potential recession
0 Comments