The Malaysian ringgit fell today, heading to the biggest weekly drop since August, after the nation’s central bank refrained from changing its monetary policy and kept the benchmark Overnight Policy Rate unchanged. The Bank Negara Malaysia left its key interest rate at 3.25 percent today. Regarding the outlook for monetary policy in future, the central bank commented: Further adjustment to the degree of monetary accommodation may be taken depending on how […]
Read moreThe Great Britain pound wiped out its earlier gains after the results of a referendum showed that people of Scotland decided to remain in the United Kingdom. The currency was rising previously as traders were counting exactly on this outcome. Scotland rejected independence as 55 percent of the Scotsmen voted ‘no’ against 45 percent that voted ‘yes’. So why the pound has fallen even though Forex market participants were buying […]
Read moreThe Great Britain pound demonstrated solid gains at the previous trading session as well as at the current session, though retreated a bit from today’s highs. The currency was lifted by speculations that Scotland will remain a part of the United Kingdom after yesterday’s referendum. Citizens of Scotland were voting yesterday at a referendum about country’s independence from the UK. While the results are not known as of yet, the latest polls showed that there were […]
Read moreThe US dollar consolidated against the euro today after dropping yesterday. The currency also sank versus the Great Britain pound at the previous trading session and continued to fall at the current session. The greenback extended its rally against the Japanese yen. The latest US economic indicators from the United States were mixed. On one hand, housing starts and building permits fell last month, trailing economists’ forecasts. On the other hand, initial claims […]
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