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Analysts: COVID-19 Remains a Key Factor Affecting Major Currencies

Analysts: COVID-19 Remains a Key Factor Affecting Major Currencies

Analysts evaluating the events in the currency markets remarked that the coronavirus or COVID-19 global healthcare crisis is still a dominant factor influencing the world’s major currencies nowadays. Their perspectives...

US Dollar Weakens after US Payrolls Fail to Meet Forecasts

US Dollar Weakens after US Payrolls Fail to Meet Forecasts

The US dollar erased intra-day gains made in European and Asian trading sessions early Monday morning, June 7. It also fell across the board at New York trading open following...

US Dollar Rebounds alongside Robust Labor Market Stats

US Dollar Rebounds alongside Robust Labor Market Stats

The first week of April 2021 ended on a positive note for the US dollar. On Friday, April 2, the US Dollar Index posted its third consecutive weekly percentage gain,...

PBOC Responds to Yuan's Slide with More Flexible Exchange Rate

PBOC Responds to Yuan’s Slide with More Flexible Exchange Rate

The People’s Bank of China (PBOC) remarked that it would make the Chinese exchange rate more flexible. This statement of the Chinese central bank comes following the monetary policy committee’s...

Turkish Lira Opens Much Lower after Erdogan Ousts Central Bank Head

Turkish Lira Opens Much Lower after Erdogan Ousts Central Bank Head

The Turkish lira has demonstrated that it is heavily impacted by President Recep Tayyip Erdogan’s latest move. It opened much lower during the early trading sessions after the Turkish leader...

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