The British Pound endured a sharp reversal in fortunes against a resurgent US Dollar take place in late trade on Thursday, May 18.
On Friday, May 19 we see the GBP/USD exchange rate at 1.2950 having surged to a fresh eight-month high at 1.3048 only 24 hours earlier.
The reversal appears to be purely a function of a recovering US...
The dollar dropped to fresh six-month lows against other major currencies on Friday, as U.S. political turmoil continued to weigh on the greenback and as no fresh U.S. data was expected throughout the day.
EUR/USD gained 0.68% to a fresh six-month peak of 1.1176.
The greenback briefly strengthened after the release on Thursday of...
Prices of Arab and foreign currencies in Iraqi dinars on Tuesday:
US $ 1 = 1,166.9000 Iraqi Dinar
IQD 1 = US $ 0.0009
Sell a hundred dollars price = 128.900 Iraqi Dinars
The purchase price of a hundred dollars = 127.900 Iraqi Dinars
1 euro = Iraqi Dinar 1,284.8492
IQD 1 = 0.0008...
Although forex is the largest financial market in the world, it is relatively unfamiliar terrain for retail traders. Until the popularization of internet trading a few years ago, FX was primarily the domain of large financial institutions, multinational corporations and secretive hedge funds. But times have changed, and individual...
By, Jeremy Cook
Dollar weakens following US tomahawk attack on Syrian airbase
Yesterday’s data calendar was particularly quiet with very little to push currencies outside of their recent tight ranges. All the drama was happening behind closed doors; President Donald Trump and his Chinese counterpart Xi Jinping met at the...
ZURICH (Reuters) – The Swiss National Bank is watching the unfolding European political situation but is convinced it has the correct tools to deal with any potential uncertainties that could arise, governing board member Andrea Maechler said on Thursday. “We are looking at all situations, and we have come to the conclusion that the...
The Swiss Franc was lower against the Euro after a heavy miss for Swiss GDP
Growth came in below expectations both compared with the previous quarter and when annualized
The Swiss statistics agency said the trade balance and weaker investment were to blame
The Swiss Franc slipped a little against the Euro on...