The past trading week was somewhat confusing, with many currencies moving in surprising directions. For example, the Japanese yen and the Swiss franc are regarded as safe currencies and naturally move in the same direction.
Nevertheless, it declined versus the Japanese yen, which led to recovery from the earlier losses to trade as one of the Forex market’s strongest currencies. The Australian dollar dropped against the New Zealand dollar also
The central bank left interest rates unchanged. It promised to stay rates lower for a couple of more years to sustain the economic recovery. With rates hovering near zero until a minimum of 2023, how
On Monday, Moody’s Investor Services lowered Turkey’s credit rating from “B1” to “B2,” warning of a more severe financial crisis. The agency listed the country’s external vulnerabilities that could balance payment distress, adding that its
The lira plunged to a record low at the start of the trading week after one among the world’s premier credit rating agencies struck Turkey with a credit downgrade and geopolitical tensions between Turkey and
The central bank left interest rates unchanged, and it promised to keep the rates lower for a few more years to sustain the economic recovery. With rates hovering near zero until at least 2023, how
Bitcoin is back above the $12,000 mark after it broke through what has been a high resistance level to date. Taking a closer look at the BTC over the last few weeks as the price
The U.S. dollar fell against all of its biggest rivals, weighed by concerns related to the coronavirus spread in the U.S. Even though the latest number of cases reported in the country was around 35,000,
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