- December 21, 2020 Do we get tax benefits on Personal Loan?
- December 18, 2020 The solicitors Preston depends on for stress-free compensation claims
- December 16, 2020 eToro: History and Key Features
- December 11, 2020 Canadian Dollar Pauses 2020 Rally Against US Peer Amid Falling Crude Prices
- December 11, 2020 Pound Crashes Against Dollar As No-Deal Brexit Appears Imminent
- December 11, 2020 USD/JPY 104.57 High Starting a New Bearish Leg?
Day: October 23, 2017
October 232017
China’s Central Bank Sets Reference Rate for Yuan Lower
The Chinese yuan fell today as the People’s Bank of China set the daily fixing weaker. The PBoC set the midpoint for the yuan to 6.6205 per dollar on Monday, compared to the Friday’s close of 6.6195. The currency allowed to trade 2% higher or lower of the parity rate. The fact that the dollar was generally firm today also led to appreciation of the USD/CNY currency pair. USD/CNY rose 0.29% to 6.64 as of 13:59 GMT today. If you have any questions, […]
Read more
October 232017
China’s Central Bank Sets Reference Rate for Yuan Lower
The Chinese yuan fell today as the People’s Bank of China set the daily fixing weaker. The PBoC set the midpoint for the yuan to 6.6205 per dollar on Monday, compared to the Friday’s close of 6.6195. The currency allowed to trade 2% higher or lower of the parity rate. The fact that the dollar was generally firm today also led to appreciation of the USD/CNY currency pair. USD/CNY rose 0.29% to 6.64 as of 13:59 GMT today. If you have any questions, […]
Read more
October 232017
Japanese Yen Opens Sharply Lower After Abe Secures Power
The Japanese yen opened sharply lower today after the ruling coalition won the snap general election over the weekend, preserving status quo and making it sure that the current ultra-loose monetary policy stays in place. Unlike Great Britain, where the similar gambit backfired spectacularly, Prime Minister Shinzo Abe’s bid to secure power paid off. The coalition led by his Liberal Democratic Party won more than two-third […]
Read more
October 232017
Japanese Yen Opens Sharply Lower After Abe Secures Power
The Japanese yen opened sharply lower today after the ruling coalition won the snap general election over the weekend, preserving status quo and making it sure that the current ultra-loose monetary policy stays in place. Unlike Great Britain, where the similar gambit backfired spectacularly, Prime Minister Shinzo Abe’s bid to secure power paid off. The coalition led by his Liberal Democratic Party won more than two-third […]
Read more
October 232017
Euro Forecast: Markets Wait for ECB Policy Decision
Several central banks will make their policy decisions this week, but the European Central Bank will take the center stage as it should announce changes to its extraordinary stimulus program. The ECB officials signaled that they will discuss adjustments to the asset purchase program at the meeting on October 26. It is widely expected that the central bank will trim the size of monthly purchases to â¬30 billion from […]
Read more
October 232017
Euro Forecast: Markets Wait for ECB Policy Decision
Several central banks will make their policy decisions this week, but the European Central Bank will take the center stage as it should announce changes to its extraordinary stimulus program. The ECB officials signaled that they will discuss adjustments to the asset purchase program at the meeting on October 26. It is widely expected that the central bank will trim the size of monthly purchases to â¬30 billion from […]
Read more