Foreign Exchange

  • Home
  • Foreign Exchange

Foreign Exchange

Date : 2024-07-19
Time : 10:00:00
Foreign Exchange
  • Most Asian currencies weakened on Friday as fears of more trade ructions between the U.S. and China dented sentiment, with the dollar benefiting from safe-haven demand even as bets on interest rate cuts persisted.
  • The euro fell on Thursday after the European Central Bank kept rates steady, as was widely expected, while the dollar index climbed after stronger-than-expected data on the U.S. labor market and manufacturing.
  • The euro held steady on Thursday, as did euro zone government bond yields after the European Central Bank left interest rates unchanged, and did not signal a cut in September was imminent.
  • The pound hit its highest in a year on Wednesday, driven by investors who are scrambling for juicier returns as global interest rates start to fall, but strategists say it will take more than higher rates for sterling to retain that sparkle.
  • The yen rose sharply on Wednesday in what traders suspected was likely the result of another intervention from Japanese authorities to prop up the battered currency from multi-decade lows.
  • The U.S. dollar edged higher Thursday, while the euro slipped ahead of an ECB meeting and sterling dipped as U.K. wage growth slowed.

 

Testimonial Images
Disclaimer

Orient Financial Brokers (OFB) – Licensed & regulated by Securities & Commodities Authority (SCA).

News, data, references and commentaries compiled from Bloomberg, Reuters, Yahoo, CNN, CBS, Market Watch, Fx street etc. Any opinions, news, research, analysis, prices, or other information contained in this report/website is provided as general market commentary, and does not constitute investment advice. Orient Financial Brokers (OFB) will not accept liability for any loss or damage, including without limitation to any loss of profit, which may arise directly or indirectly from use of or reliance on such information. The content in this report/ website is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Whilst OFB has taken reasonable care to ensure information provided here is correct, OFB does not offer any warranty as to the accuracy or completeness of such information. None of the information provided on or through the website constitutes individualized investment advice or other professional advice. We recommend user not make any investment decision of any sort on the basis of the information and set out in our website. Orient Financial Brokers (OFB) will not accept liability for any loss or damage, including without limitation to any loss or profit which may arise directly or indirectly from the use of/or reliance on such information.

Orient Financial Brokers Since 1994| Licensed & regulated by Securities & Commodities Authority (SCA)| Dubai – Contact +971-4-8713200 | UAE

Images

Enquire Now

Free Market Research Report

  • Access free copy of market research document
    which informs about the current market situations, news, updates, and trends.

Become A Partner

  • Are you a business person, an entrepreneur, an industrialist or an individual interested in right investment opportunities?
  • Here is your chance to capitalize on financial markets for your own benefits. Receive our highly exciting packages and incentives.
shape shape shape shape shape shape shape shape shape shape