FOREX
Forex Insights & Latest Updates
Stay ahead with daily news and trends from the global currency market.
Pakistan’s Foreign Worker Remittances See Modest Increase in August
Pakistan's August Remittances Rise Slightly"
In August, Pakistan's central bank reported foreign worker remittances totaling $2.09 billion, marking a modest increase from July's figure of $2.02 billion. This boost in remittances holds significance f...
Asian Currencies Hold Steady as Investors Await Inflation Data
Introduction
In today's dynamic financial landscape, the stability of Asian currencies and the strength of the US dollar are of paramount concern to investors worldwide. On Tuesday, these currencies remained largely unmoved, while the dollar maintai...
U.S. Dollar Gains Ground Amidst Inflation Concerns
Introduction
In the ever-fluctuating world of currency markets, the U.S. dollar has once again taken center stage. Early in European trade on Tuesday, the dollar showed signs of resurgence, reversing some of the sharp losses it incurred during the p...
Natural Gas Prices Surge Amidst Australian Worker Strikes
Australian Worker Strikes Impact Natural Gas Prices
The natural gas market is experiencing significant volatility as Australian workers initiated partial strikes on a Friday. This development has reverberated across global markets, particularly in E...
Asian Currencies Rally Amid Dollar Weakness and Positive Economic Data
Introduction
In recent trading sessions, Asian currencies have been on the rise, staging a recovery from previous losses. This resurgence is primarily attributed to the sharp decline of the US dollar, which has retreated from a near six-month peak. ...
Dollar Index Climbs 0.344% to Reach Three-Week High Against Major Currencies
Introduction
The Dollar Index, a prominent gauge of the US dollar's performance against six major international currencies, has recorded a significant upswing, surging by 0.344%. This surge has propelled the index to achieve a fresh three-week peak,...
AUD/USD Rises as Reserve Bank of Australia Holds Steady at 4.10% Cash Rate
Introduction
In a widely anticipated move, the Reserve Bank of Australia (RBA) has chosen to maintain its cash rate at 4.10% - the highest level in 11 years. This decision comes as the central bank seeks additional time to assess the impact of the s...
Russian Rouble Weakens Against US Dollar, Hits Lowest Level in Over a Year
The Russian rouble experienced a notable decline against the US dollar, with its value weakening by 0.8% at 88.26 by 0734 GMT. This drop follows the currency's fall to 88.6775, marking its lowest point since March 29, 2022. The depreciation of the ro...
Dollar Index Strengthens, Approaching 2½-Month Highs in Currency Basket Rally
Dollar Index Shows Resilience, Trading 0.1% Higher
At 03:05 ET (07:05 GMT), the Dollar Index, which measures the U.S. dollar's performance against a basket of major currencies, displayed resilience, trading 0.1% higher at 104.162. This upward moveme...
How the South Korean Won Exchange Rate Affects the Economy
The South Korean won (KRW) is the official currency of South Korea, and one of the most traded currencies in the world. The exchange rate of the won against other currencies, especially the US dollar (USD), has a significant impact on the country's e...
How the US Dollar Index Performed in May 2023
The US Dollar Index (USDX) is a benchmark that measures the value of the US dollar against a basket of six major currencies: EUR, JPY, GBP, CHF, CAD and SEK. It is widely used by traders and investors to gauge the strength or weakness of the greenbac...