Browsing Category
forex news
Expectations of 2015 Fed rate hike nudge dollar higher
The dollar edged back towards a five-week high against a basket of major currencies on Monday, as investors eyed…
Oil prices go down on slowing global economic growth outlook
Oil prices dropped in Asian trading hours Monday despite a fall in U.S. drilling activity for the fourth straight…
Oil prices up 2 percent after US drilling falls
Oil prices rose more than 2 percent on Monday after data showed US drilling slowed and a report said $1.5 trillion…
Dollar firms, ECB and BoJ dovish bias underpins divergence trade
The dollar recovered ground against the yen and euro on Monday as investors weighed if major central banks like the…
Oil prices rise as U.S. drilling declines
Oil rose by more than 1 percent on Monday after data showed U.S. drilling slowed and a report said $1.5 trillion…
Egyptian pound vs global currencies at Sunday’s early trade
The table below demonstrates the exchange rates of a number of key Arab and foreign currencies against the Egyptian…
IMF advises Egypt to ease grip on currency exchange rate
Egypt should ease its grip on its currency exchange rate to boost economic growth even as reforms including a…
Brent crude oil edges above $50 after U.S. stockdraw, lower production
Brent crude oil prices edged above $50 per barrel for the first time in a week on Thursday as lower stocks in the…
Oil prices extend gains on stock-draw, U.S. crudes outperform Brent
U.S. oil prices extended gains on Wednesday on an unexpected stockpile draw and higher gasoline prices, while…
OPEC says the world will want more of its oil by 2016
OPEC on Monday predicted higher demand for its crude oil next year, sticking to its view that a strategy of letting…