Forex Market News

Forex Market News

Crude Oil Dips In Asia Ahead Of Rig Count Figures, Saudi-Iran Tensions Eyed

Investing.com - Investing.com - Crude oil prices fell in Asia on Friday ahead of U.S. weekly rig count data that showed a dip in the previous week, but also with a sharp eye on the Middle East as tensions between Iran and Saudi Arabia, key OPEC members, simmer. On the New York Mercantile Exchange crude futures for December delivery eased 0.26% to $57.02 a barrel, while on London's Intercontinental Exchange, Brent dipped 0.02% to $63.80 a barrel. Overnight, crude oil prices settled higher on Thursday amid ongoing unrest in the Middle East while Saudi Arabia’s plan to slash crude exports lifted sentiment. Saudi ...

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Forex – Aussie Dips On Downbeat Central Bank Views On Inflation

Investing.com - Investing.com - The Aussie dipped slightly on Friday as the central bank gave a dour view on inflation prospects and as investors looked to remarks from President Trump as he heads to Vietnam for an APEC summit with U.S. foreign trade and domestic tax policy dominating market headlines. USD/JPY eased 0.04% to 113.43, while AUD/USD traded at 0.7678, down 0.03%. EUR/USD was last quoted at 1.1646, up 0.03%. Australia's central bank has cut its forecasts for core inflation which it no longer expects to reach the floor of its 2%-3% target band until early 2019, a strong signal that rates ...

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Forex – Aussie Dips On Downbeat Central Bank Views On Inflation

Investing.com - Investing.com - The Aussie dipped slightly on Friday as the central bank gave a dour view on inflation prospects and as investors looked to remarks from President Trump as he heads to Vietnam for an APEC summit with U.S. foreign trade and domestic tax policy dominating market headlines. USD/JPY eased 0.04% to 113.43, while AUD/USD traded at 0.7678, down 0.03%. EUR/USD was last quoted at 1.1646, up 0.03%. Australia's central bank has cut its forecasts for core inflation which it no longer expects to reach the floor of its 2%-3% target band until early 2019, a strong signal that rates ...

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Forex – PBOC Sets Yuan Parity At 6.6282 Against Dollar

Investing.com - Investing.com - The People's Bank of China set the yuan parity rate against the dollar at 6.6282 on Friday, compared to the previous close of 6.6378. The China Foreign Exchange Trade System sets the weighted average of prices given by market makers. The highest and lowest offers are excluded from the calculation. The central bank allows the dollar/yuan rate to move no more than 2% above or below the central parity rate. Market watchers see a yuan level of 7 against the dollar, USD/CNY, as a key touchstone for sentiment in the near term.

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Forex – PBOC Sets Yuan Parity At 6.6282 Against Dollar

Investing.com - Investing.com - The People's Bank of China set the yuan parity rate against the dollar at 6.6282 on Friday, compared to the previous close of 6.6378. The China Foreign Exchange Trade System sets the weighted average of prices given by market makers. The highest and lowest offers are excluded from the calculation. The central bank allows the dollar/yuan rate to move no more than 2% above or below the central parity rate. Market watchers see a yuan level of 7 against the dollar, USD/CNY, as a key touchstone for sentiment in the near term.

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