Category: Currency
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Kenya currency trading: Forex trading signals and how to use them
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Forex trading has gained significant popularity in Kenya over the past few years, providing a promising avenue for those looking to diversify their investment portfolios. One of the key aspects that can help traders, especially beginners, navigate the complex world of Forex trading is the use of Forex trading signals.…
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Ethiopia’s birr drops 30% as central bank floats currency By Reuters
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Written by Dawit Endeshaw ADDIS ABABA (Reuters) – Ethiopia’s central bank decided to float the country’s birr currency on Monday, a move the government hopes will secure International Monetary Fund support and make progress on a long-delayed debt restructuring. The Commercial Bank of Ethiopia, the country’s largest lender, said the…
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A technical look at each of the major currency pairs heading into the new trading week
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Thailand reveals date for $14b digital currency giveaway
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Thailand has announced the launch date of long-awaited cash handouts to boost the economy and tackle high household debt. Thailand has announced the launch date of its digital currency, aiming to stimulate economic activity and address the country’s high household debt, according to Bloomberg. ReportsThai Finance Minister Pichai Chunhavajira said…
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Thailand reveals date for $14b digital currency giveaway
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Thailand has announced the launch date of long-awaited cash handouts to boost the economy and tackle high household debt. Thailand has announced the launch date of its digital currency, aiming to stimulate economic activity and address the country’s high household debt, according to Bloomberg. ReportsThai Finance Minister Pichai Chunhavajira said…
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Major currency movements in 2024
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Currency markets in 2024 will be marked by several major movements and themes, driven by economic data releases, geopolitical developments and shifts in monetary policy around the world. Here are some notable trends: US Dollar Strength and FlexibilityThe US dollar has shown resilience amid uncertainty, supported by the Federal Reserve’s…
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Pro-Crypto Champion: US Lawmaker Backs Trump’s Stance On Digital Currency Expansion
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In apparent agreement with former President Donald Trump’s changing views on cryptocurrencies, US Congressman and Chairman of the Arkansas Digital Assets Subcommittee French Hill has confirmed that Support Some see the FIT21 bill as the kind of regulatory framework Trump would likely support if reelected. French Hill Doubles Down on…
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India digital currency transactions slump after reaching initial central bank target, sources say By Reuters
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Written by Jaspreet Kalra MUMBAI (Reuters) – Use of India’s digital currency, the e-rupee, has fallen to a tenth of its December peak, four sources said, reflecting the difficulties many countries have faced trying to rally public support for digital currencies. The Reserve Bank of India began a pilot of…
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U.S. finds no currency manipulation in 2023, Japan added to monitoring list By Reuters
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WASHINGTON (Reuters) – The U.S. Treasury Department said on Thursday that no major trading partner appeared to have been manipulating its currency in the past year, but added Japan to a foreign exchange “watch list,” along with China, Vietnam, Taiwan, Malaysia, Singapore and Germany, which were on the previous list.…
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Public Pilot Of Iran’s Central Bank Digital Currency In June
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The Central Bank of Iran (CBI) is set to take a significant step towards modernizing the domestic payments infrastructure with a public trial launch of the Central Bank Digital Currency (CBDC), known as the digital rial. This step aims to enhance the efficiency and flexibility of the Iranian payment system,…
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Argentina extends currency swap with China, defusing repayment fears By Reuters
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BUENOS AIRES (Reuters) – Argentina and China have renewed the activated portion of a major currency swap line for the equivalent of $5 billion until July 2026, the central bank said on Wednesday, dispelling concerns that they may have to make large installments over the next month. . The South…
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Unwinding of hugely popular currency trade rocks markets By Reuters
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By Harry Robertson LONDON (Reuters) – A sharp fall in the Mexican currency after a landslide election result rattled foreign exchange markets as far as Hungary and Turkey this week, leaving investors wondering whether the unwinding of the popular “carry trade” will continue. A carry trade involves investors borrowing in…
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Companies look to lengthen currency hedges as elections loom, survey shows By Reuters
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(This May 21 story has been corrected to change the company description to “Multi-Dealer Forex Trading Platform” from “Currency Management Company,” in paragraph 2) NEW YORK (Reuters) – Companies are increasingly looking to lock in foreign exchange rates for longer, as they seek to shield profits from potential fallout from…
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G7 reaffirms warning against excess currency volatility in nod to Japan By Reuters
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Written by Laika Kihara STRESA, Italy (Reuters) – Financial leaders of the Group of Seven leading economies reiterated on Saturday their commitment to warning against excessively volatile currency movements, language that Japan sees as a green light for market intervention to halt the currency’s rapid decline. yen. The agreement followed…
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UBS maintains key G10 currency views, sees USD strength By Investing.com
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UBS released a report on the current foreign exchange environment, maintaining its key views on the G10 currency and forecasting continued US dollar strength. The company stressed that although the markets are reducing the range of divergence in priced policies, there is no compelling reason to change its expectations. Equities…