Forex

US Dollar Under Pressure On Weak Economic Data

Bill Cascade   NEW 09/10/2019 00:00:00 Forex

The US dollar is struggling for direction, having lost momentum on weak employment data. The greenback has registered impressive gains, in recent months, as other majors currencies continued to edge lower...

Swiss Franc Eyes Fresh Gains On Safe Haven Appeal

Bill Cascade   NEW 07/10/2019 00:00:00 Forex

The Swiss franc has lost some ground against other major currencies in recent trading sessions. For starters, it is trading at two-week lows against the Euro, which has tumbled to two-year lows in recent months. While the weakness of the Swiss franc stems from weak economic data, a bounce-back could be in the offing going forward...

Turkish Lira On The Recovery As Swedish Krona Woes Persist

Bill Cascade   NEW 06/10/2019 00:00:00 Forex

Turkey's government remains optimistic about the Lira appreciation, against the dollar, over the next three years. Economic forecasts by the finance ministry indicate the government expects the country’s economy to expand by 5% next year...

US Dollar Steadies As China Warns Of Trade Tariffs Potential Impact

Bill Cascade   NEW 30/09/2019 00:00:00 Forex

The US dollar remained flat the past week even as equities plunged amidst growing concerns of escalation of trade standoff between the U.S. and China. Reports that U.S. administration is considering delisting Chinese companies from U.S. exchanges is the latest tailwind to rock the financial markets...

Euro Steadies As IMF Calls For More Fiscal Space For Greece

Bill Cascade   NEW 30/09/2019 00:00:00 Forex

The Euro is trying to bottom out after plunging to two-year lows. The 1.0930 level, against the Dollar, has emerged as a crucial support level from where the embattled currency has held steady after coming under immense pressure...

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