Sudanese Pound Begins Recovery Vs. US Dollar
The Sudanese pound relished a rally against foreign currencies in the parallel market, including the US dollar, last Saturday, March 26. Based on the accounts of the dealers within the…
Forex Mentoring
Sri Lankan Rupee Depreciates More Amid Worsening Inflation
Steve Hanke provided some advice to the Sri Lankan Government to stop the further depreciation of the South Asian island nation’s official currency, the Sri Lankan rupee. The American…
Egyptian Pound Rallies as Major Currencies Decline for Second Day
The Egyptian pound has slightly recovered versus the US dollar as this week’s ending approaches. This development comes four days after Egypt’s official currency plunged almost 17 percent in value…
Swiss Franc’s Current Status Assures Central Bank
The present brake on prices of the Swiss franc keeps the Swiss National Bank tranquil. This development comes as inflation worries adversely impact most of the economies worldwide. We…
Russian Rouble Sinks while US Dollar Benefits amid Latest War
As the Russia-instigated armed conflict happens, the Russian rouble nosedived to an all-time record low today, Monday, February 28. This event in the currency markets took place while the US…
Forex Experts Confirm South African Rand’s Resilience amid COVID-19
Experts of foreign exchange markets have provided their insights regarding the South African rand’s current status. They explained and affirmed the remarkable strength of the foreign currency amid the ongoing…
Sri Lanka, India Expat Families Benefit from Omani Rial Rates
Expatriates from Sri Lanka and India and their families are getting advantages from their remittances with the latest currency exchange rates of the Omani rial. This latest foreign exchange…
New Turkish Lira Forex Program Attracts Savers
Nureddin Nebati shared some insights regarding the Turkish Government’s new program involving the Turkish lira. The Minister of Treasury and Finance of the Republic of Turkey affirmed that people in…
Several Incidences of Philippine Peso Depreciation Seen This 2022
According to DBS Bank Limited of Singapore, the Philippine peso may depreciate further in the coming months this year. Among the views of the analysts from this Singaporean multinational banking…
US Treasury Monitoring Government Policies Affecting Swiss Franc
The United States Department of the Treasury cited that it is closely monitoring the Swiss Government’s economic policies and actions to influence the Swiss franc’s value. This new development comes…
Israeli Shekel Gains to a Record Strength
The Israeli shekel has become stronger this year and is still reportedly gaining more. This development comes as the country’s central bank, the Bank of Israel, completed its acquisition of…
China Is Determined in Renminbi Internationalization Campaign
China is proactively promoting the international utilization of the renminbi. Local experts and government officials have confirmed this development, citing that it is a campaign in line with the Asian…
Pakistani Rupee Weakens as US Dollar Demand for Imports Surge
In the inter-bank market, the Pakistani rupee hit an almost 10-month low at 163.67 rupees against the US dollar yesterday, August 2. Currency market analysts think this scenario owes to…
Australian Dollar Seen to Get Upside Support with RBA Move
Expectations for the time when interest rates might increase at the Reserve Bank of Australia (RBA) are believed to have implications for the Australian dollar. Analysts delivered their foreign exchange…
Trading Fibonacci Like a Pro
Fibonacci retracement is one of the most popular forex trading strategies, especially when it comes to beginning forex traders. However, the traditional approach many traders have led to weaker accuracy…