Archive For The “Currency News” Category
Click here to visit eToro During Wednesday’s sessions Forex traders at eToro and other platforms across the world sought safe havens for their investments. These Forex traders applied risk aversion tactics, opting for safer commodity-linked currencies such as the Japanese yen and the Swiss franc, which continued to force down the price of the [...]
Click here to visit ForexYard During the last week traders at ForexYard and other online brokers witnessed the dollar suffering broadly, falling to a two and a half year low. This prompted further selling of the US currency, with many believing that the downward slide will continue but what do you think will happen to [...]
Click here to visit eToro In a turbulent and volatile week Forex traders at eToro had a lot of opportunity to trade some profitable positions as pairs swung one way then the other, with winner and losers across the board but the US dollar was this week’s big loser, devaluing against all of its G10 [...]
Click here to visit ForexYard Today, traders at ForexYard witnessed somewhat of a euro Vs US dollar tug-of-war as the euro felt the pinch as Moody’s cut Ireland’s credit rating by two notches but the dollar was suppressed by the threat of inflation along with an ultra-loose monetary policy by the US Federal Reserve. The [...]
Click here to visit eToro Usually, when a central bank raises interest rates the local currency strengthens, which is why, when the European Central Bank holds its policy meeting on Thursday the euro may benefit from an interest rate rise that’s predicted by many. However, as a Forex trader, this news may not be as [...]