Shanghai has launched a trial to eliminate the hidden government debt, in order to clean up off-balance-sheet risks. Shanghai’s decision came two weeks after Guangdong province, the manufacturing powe...
Turkish lira bounced back from its multi-month lows after President Tayyip Erdogan’s statements on Monday, which paved the way for the de-escalation of a diplomatic crisis. Earlier, Erdogan had ...
Argentina’s informal peso rate weakened 2.05% to 195 per dollar on Friday. The country risk has widened 19 basis points to an all-time high of 1,672 as inflation soars ahead of November’s congre...
USD gained on Thursday slightly to 93.76 against a basket of currencies but quickly fell to 93.713 at press time. The temporary strength was due to the promising job and housing data. Data showed that...
GBPUSD hovers near its Tuesday peak this morning, given the expectations that the Bank of England will hike interest rates as soon as in November to curb inflation. The pair currently trades at 1.3810...
The first U.S. bitcoin futures-based exchange-traded fund began trading on Tuesday, pushing bitcoin near its record of $64,895.22. Traders bet that the ETF could boost investment flows into cryptocurr...
GBPUSD is on the rise, currently trading at 1.3747, up about 0.16% in the session. The pair has been primarily affected by the hawkish talk from the BoE, which said that it might raise interest rates ...
The USD is heading for its first weekly loss since the start of this month. It has fallen from its one-year high as investors are waiting for the scheduled tapering. JPY has continued its downward tre...
The DXY Index fell from its one-year high overnight, currently trading at 94.06. The impact largely came from the latest data which showed that US inflation rose solidly and generally as expected last...
USD dropped back from its one-year high against major counterparts on Wednesday. At press time, USDJPY weakened to 113.49, down from its three-year high of 113.785. USDEUR also dropped to 0.8655, the ...