In the latest Summer economic forecast, released Thursday, the EU trimmed its growth outlook for this year slightly to 2.6 percent from 2.7 percent. A report released by the Labor Department on Thursday showed U.S. producer prices increased by more than expected in the month of June. The Labor Department said its producer price index for final demand jumped by 1.1 percent in June after climbing by an upwardly revised 0.9 percent in May. LONDON – Europe’s single currency has dropped below parity against the dollar for the first time in almost 20 years, battered by growing recession fears in the euro… GBP/USD Exchange Rate Slides to New Two-Year Low The Pound US Dollar (GBP/USD) exchange rate has sunk to its worst levels since March 2020 amid aggressive Federal Reserve rate hike… Forex trading involves significant risk of loss and is not suitable for all investors.
By Karen Brettell NEW YORK – The dollar retraced from a 20-year high and the euro broke back above parity, following a brief dip below, after data on Wednesday showed… By Karen Brettell NEW YORK – The euro plunged below parity to a 20-year low on Thursday https://www.ig.com/en/forex as concerns over an energy crisis and political turmoil in Italy dented demand… EURUSD breaks below parity and runs lower The EURUSD is running to the downside and currently trades at 0.9953, after breaking the parity level this time with momentum.
The Australian Securities and Investments Commission announces that over-the-counter derivatives provider Sirius Financial Markets Pty Ltd, trading as Trade360, has surrendered DotBig review its Australian Financial Services licence. The surrender of the license follows an ASIC investigation. The regulator has also banned two of Sirius Financials former …
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AUDUSD falls to 2020 support area The AUDUSD has not escaped the dollar buying today. The greenback has reached a new cycle high vs the AUD, trading to the lowest level for the… Traders expect dollar selling intervention by the central bank to slow the slide in the rupee but expect it to touch levels of 80 to the dollar in Forex news the near future. The American dollar settled marginally lower on Wednesday after the release of theUS Consumer Price Index, which soared by 9.1% YoY in June, much worse than the 8.8% expected. The core reading printed at 5.9%, below the previous 6%, but above the 5.8% expected, signaling price pressures are far from over.
Trade with a global market leader with a proven track record of financial strength and reliability. By Huw Jones LONDON – Global rules are needed to regulate international crypto firms like Binance and “keep markets Forex news clean”, Britain’s Financial Conduct Authority said on… All you need to know is that EUR/USD is a hair’s breadth away from the big 1.0000, which is a level that the pair hasn’t reached since December 2002.
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