The Yen is weakening after the Bank of Japan (BOJ) announced it would continue its current easing policy. This contrasts with the global trend of other...
Category: Forex
Category for Foreign Exchange
Pound Hits New 3-Year High Against Dollar
The pound sterling reached a new peak against the dollar, marking its strongest position in three years. This surge is attributed to sustained investor optimism regarding...
Dollar Falters on Trade Deficit Fears
The dollar faced selling pressure as anxieties surrounding the U.S. trade deficit resurfaced. Currency traders expressed concern that the persistent and substantial trade imbalance could erode...
Euro Strengthens After Strong PMI Data
The euro gained ground after the release of encouraging PMI data. The figures exceeded expectations, suggesting a strengthening economic environment within the Eurozone. Impact on Currency...