Category: Forex news

dollar
Forex news

How did famous fiat currencies get their names

Although the name of a currency is less important than its real value, the stories about the origin of the following currencies are really interesting and fun, so it’s a good idea to expand our

Norway notes record loss
Forex news

Norway Notes Record Loss

On Tuesday, Norway’s oil and state pension fund reported a record loss of 1.64 trillion Norwegian kroner, or $164.4 billion, for 2022. The fund’s investment return was minus 14.1 percent for the year, according to

cattle
Forex news

New Currency Upcoming

As a replacement for the dollar, Lula da Silva proposed to go a step further to consider the possibility of creating a common currency for both BRICS (Brazil, Russia, India, China, and South Africa) and

Dollar
Forex news

Dollars Rejection Is Coming

Brazilian President Luiz Inacio Lula da Silva said that after a meeting with his Argentinian counterpart Alberto Fernandez, the two countries have renewed talks on creating a common currency. They agreed that using the US

Microsoft lost 12% of its profit
Forex news

Microsoft Lost 12% of Its Profit

Microsoft reported a quarterly profit of $16.43 billion, or $2.20 per share. Excluding one-time items, such as $800 million in severance payments to laid-off workers, Microsoft earned $2.32 per share, beating Wall Street expectations. After

Dollar
Forex news

Dollar Drops Lower

The Dollar Index (DXY) follows the dollar versus six other currencies. At 03:15 ET (08:15 GMT) it traded 0.1% lower at 101.965, just over the seven-month low of 101.77 seen earlier in the week. The