Browsing Category
forex news
Dollar struggles at six-week low on cooling U.S. rate hike views
The dollar struggled near 6-week lows against a basket of currencies on Wednesday due expectations that the U.S.…
Euro hits five-week high, yen up after stimulus announced
The euro rose above $1.12 for the first time in more than a month on Tuesday while a cut in Australian interest…
Egypt is pressured to liberalise currency exchange rate
The main condition for Egypt obtaining a $12bn loan from the International Monetary Fund (IMF) was heavily…
U.S. crude edges back over $40, but oversupply still weighs
Oil prices edged up on Tuesday after U.S. crude broke below $40 per barrel the previous session, but traders said…
Dollar mired near three-week low, Aussie pares post-RBA losses
The dollar hovered near three-week lows on Tuesday after soft U.S. economic data undermined the case for an early…
Iran says crude market oversupplied, balance expected to be restored
Iran's Oil Minister says the oil market is oversupplied but predicts balance between demand and supply will be…
Oil rises after month of steady decline but oversupply still weighs
Oil rose on Monday, driven by new orders as traders staked out positions at the start of the new month, but the…
Dollar crawls up after worst week in three months
The dollar crawled up on Monday after recording its poorest weekly performance in three months, while the yen edged…
US dollar takes a step backward by 50pst following announcement of IMF loan
The US dollar lost over 50 piastres of its value against the Egyptian pound on the informal market on Wednesday…
Dollar falls against yen as BOJ easing expectations pared
The dollar fell against the yen on Thursday as expectations faded of the Bank of Japan delivering the radical…