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The renminbi is performing well as the Chinese economy continues to thrive. The USD/CNY exchange rate plunged to a low of 7.1300, its lowest level since November last year and 3% below its highest level this year. Chinese yuan gains momentum  The USD/CNY pair continued falling last week, helped by the Chinese economy, the roaring […]

The Turkish lira continued its strong plunge this month, reaching its all-time low. The USD/TRY exchange rate rose to 41.15, up by over 41% from its lowest level in January this year. Improving the Turkish economy  The USD/TRY exchange rate has surged this year, even as macro data showed that the country’s economy was doing […]

The Zimbabwe ZiG currency moved sideways this week, even as gold price surged to a record high and the central bank unveiled plans to make it the sole currency in the country.  The USD/ZWG exchange rate was trading at 26.74 on Monday, inside the range it has remained in the past few months. Zimbabwe’s gold-backed […]

The USD/JPY exchange rate remained in a consolidation phase last week as traders focused on the upcoming actions by the Bank of Japan (BoJ) and the Federal Reserve. It was trading at 147, where it has remained in the past few days. It has dropped by over 7.5% from the year-to-date high. US nonfarm payrolls […]

The Indian rupee edged higher on Wednesday, bucking the cautious mood in Asian markets, with traders pointing to fading bearish sentiment in the options space. The local unit was quoted at 88.00 to the US dollar, up 0.18% on the day, despite a rally in the dollar index to 98.50 and weakness in regional peers. […]

Tuesday saw both the Japanese yen and sterling fall, reflecting increased investor concern regarding government finances. This enabled the dollar to recover some ground after five days of decline, Reuters said in a report. Mounting concerns in the global financial landscape led to renewed pressure on bond markets, particularly evident in the United Kingdom, where […]

The EUR/USD exchange rate wavered today, September 4, as investors reflected on the ongoing political crisis in France and the upcoming US non-farm payrolls (NFP) data. It was trading at 1.1655 on Thursday morning, up from last month’s low of 1.1390. US labor market has softened  The EUR/USD exchange rate remained on edge on Thursday […]

The GBP/USD exchange rate remained under pressure this week as UK bond yields jumped and as market participants waited for the closely-watched non-farm payrolls (NFP) data. It was trading at 1.3430, down from the year-to-date high of 1.3790. US non-farm payrolls data  The GBP/USD exchange rate remained under pressure after the Bureau of Labor Statistics  […]

The USD/CHF exchange rate has plunged in the past three consecutive days, reaching its lowest level since July 24 as investors moved to the low-yielding Swiss franc. It dropped to a low of 0.7928, down by 14% from the year-to-date high. Top banks are favoring the Swiss franc  The USD/CHF has pulled back in the […]

The USD/TRY exchange rate jumped to a record high last week after Turkey published weak consumer inflation data. It was trading at 41.25, much higher than the January open of 35. This article explains what to expect ahead of the CBRT decision that could impact the carry trade opportunity. CBRT interest rate decision The USD/TRY […]