1. Home
  2. Foreign Exchange

Category: Foreign Exchange

Dollar, yen jump after Trump tests positive for COVID-19

Dollar, yen jump after Trump tests positive for COVID-19

The dollar jumped and the safe-haven yen hit its highest level of the week on Friday after U.S. President Donald Trump said he tested positive for COVID-19 and entered quarantine. The news could cause a…

Read More
Dollar Strengthens; Helped by Housing Data and Fed Comments

Dollar Strengthens; Helped by Housing Data and Fed Comments

The dollar posted strong gains in early European trade Wednesday, supported by positive U.S. economic data, comments from a top Federal Reserve official and concerns about a second wave of coronavirus cases in Europe. At…

Read More
US Dollar as the World’s Reserve Currency Unlikely to be Diminished, Bitcoin Likely to Suffer

US Dollar as the World’s Reserve Currency Unlikely to be Diminished, Bitcoin Likely to Suffer

The US dollar is expected to slide even further, but analysts believe its role as the world’s reserve currency is unlikely to be diminished, which may not be the best outlook for Bitcoin (BTC).BlackRock Investment…

Read More

Singapore’s FX ambitions gather steam 

The Monetary Authority of Singapore is scoring more successes in its bid to vault past Tokyo as the world’s third-most important center for trading foreign exchange – and put silver medalist New York within striking…

Read More
Dow Falls Nearly 200 Points After China Retaliates By Ordering Shutdown Of Chengdu Consulate

Dow Falls Nearly 200 Points After China Retaliates By Ordering Shutdown Of Chengdu Consulate

The market finished lower on Friday as shares of big tech lagged, with stocks also taking a hit after China retaliated to the closure of its consulate in Houston earlier this week by ordering the…

Read More
If Closing In On Coronavirus ‘Herd Immunity’, Markets Are Mispriced

If Closing In On Coronavirus ‘Herd Immunity’, Markets Are Mispriced

There is a big dichotomy in the market these days and it’s been a headline since Covid became a thing. It’s tech stocks versus every other stock. A few vaccine makers can be counted on…

Read More
Why Cryptocurrency Matters In The Coming Fight Between The Digital Yuan And Dollar

Why Cryptocurrency Matters In The Coming Fight Between The Digital Yuan And Dollar

With increasing US-China tensions, and an increase in the demand for the digital dollar after inefficiencies in the stimulus process for coronavirus were detected, China and the United States, the world’s two largest economics, might…

Read More
European justice cancels EU-USA data transfer agreement 

European justice cancels EU-USA data transfer agreement 

The Court of Justice of the European Union (CJEU) on Thursday canceled the “Privacy Shield” agreement, known as the “data protection shield”, between the United States and the European Union, which allows digital companies to…

Read More
Property developers target Hong Kong residents amid uncertainty over new law

Property developers target Hong Kong residents amid uncertainty over new law

Emigration ads on social media In the past month, ads promoting emigration and international real estate investments have flooded Hong Kong users’ social media platforms, like Facebook, Instagram and YouTube. The ads, seen by CNBC, boast…

Read More
Travelex Customers Express Anger After Cyber Attack Leaves Them Without Access To Their Money

Travelex Customers Express Anger After Cyber Attack Leaves Them Without Access To Their Money

Travelex customers have have expressed anger at being “fobbed off” and disregarded by the foreign exchange company after a cyber hack left them without access to their money. Sharon Stallard from Shropshire ordered foreign currency on New…

Read More