Browsing Category
forex news
Yen finds favor as Asia’s appetite for risk wanes
The safe-haven yen was broadly firmer on Monday, particularly against its New Zealand and Australian peers, as the…
Crude oil falls for 2nd day as U.S. rig count rises
Crude oil slid for a second session on Monday, falling further from last week's 2016 highs on concerns over a…
JP Morgan sees devaluation of Egyptian Pound by 35% in 2016
US-based financial services firm, JP Morgan forecasts that the Egyptian pound will be devalued by 35 percent in…
Euro surges for 3rd straight week against dollar
The dollar edged higher in light trade Friday as investors bought back greenbacks ahead of the weekend following a…
Dollar bounces but down for third straight week
The dollar rose against most major currencies on Friday, recovering from a five-month low, as traders exited short…
Crude prices fall from 2016 highs as U.S. oil rig count rises
Crude prices settled lower on Friday after the U.S oil rig count rose for the first time since December, renewing…
What will Egypt’s flexible exchange rate look like? – Reuters
Egypt's decision to make the exchange rate more flexible will return the central bank to the managed float in use…
Oil extends strong gains after supplier meeting agreed
Oil futures extended strong gains on Thursday, continuing to gather support after the world's biggest suppliers…
Foreign, Arab currencies vs Egyptian pound at early trade
Ahead of the Egyptian central bank’s Wednesday exceptional foreign exchange auction, Arab and foreign currencies…
Dollar on hold as Fed outcome looms, kiwi & sterling pressured
The dollar was in a holding pattern on Wednesday as markets waited for fresh guidance from the Federal Reserve,…