With the COVID-19 epidemic reducing in South Korea, could one of Asia’s worst-performing currencies turn everything around in the final quarter of 2020? Industrial output dropped 0.7% in August, down from the 1.9% rise in July. The yearly rate dropped 3%, more severe than the market estimate of 2.8%. Manufacturing production also decreased by 3.1% …
While the British Pound has cut its profits by now, it’s still trading over the opening level at writing. Bank of England Deputy Governor Dave Ramsden declared that he considers the BoE to cut interest rates into the negative territory. He continued to see the significant lower bound still at 0.1, where the bank rate …
While the British Pound has cut its gains by now, it is still trading over the beginning level at writing. Bank of England Deputy Governor Dave Ramsden stated that he believes the BoE does not need to cut interest rates into the negative territory. He added that he sees the effective lower bound still at …
USD/JPY Tuesday’s trading session of USD/JPY has resulted in a slight fall, as we continue to see a lot of noise. With that in mind, it is only a matter of time before markets roll again because USD must find a way to deal with the influx of newly printed dollars by the Federal Reserve. …
The Aussie and New Zealand dollar were the lowest because of monetary loosening from their corresponding central banks. The greenback began the week strong due to risk aversions caused by the increasing number of recent COVID-19 cases globally, concerns regarding the extensive economic revival, and political ambivalence associated with the upcoming presidential election in the …
The Risk Aversion Pushed Dollar To End Week Strongest Read More »
The Norwegian krone weakened because of the statement but has bucked later and can complete the session roughly a flat. As was generally believed, the Norges Bank kept the policy rate (its actual interest rate) at zero, declaring that the policy rate will most expectedly settle at today’s level for some time ahead. The overnight …
Norwegian Bank Will Not Hike Interest Rates At Least For Years Read More »
The Aussie and New Zealand dollar were the weakest due to monetary loosening from their corresponding central banks. The dollar started the week intense due to risk aversions induced by the growing number of new coronavirus cases global, worries about the worldwide economic revival, political uncertainty correlated with the forthcoming presidential election in the United …
GBP/USD It has been a big week for British Pound, especially against the US Dollar. GBP/USD crossed the 1.3000 for the first time in the last 16 weeks since March. Moreover, US Dollar has been losing its ground consistently in the past few weeks and, naturally, the strategy has been bullish while trading with GBP/USD. …
Have The Best Of Trade Market News Delivered Directly To Your
Mailbox. Subscribe To Receive The Latest Market News.
Disclaimer:
TradeMarketNews.com provides information and news solely for reference purposes. The accuracy, relevance, and completeness of any information and news may vary and cannot always be guaranteed. Readers are responsible for their use of such data (as stated in the ToS) and its appropriateness for the user.
Email: [email protected]
Connect with: trademarketnews
