tmgm

Australian Dollar declines against New Zealand Dollar despite RBA rate hike

AUD/NZD extends its losses for the second successive day, trading around 1.2430 during Asian hours on Tuesday. The currency cross loses ground as the Australian Dollar (AUD) depreciates after the ...
tmgm

British Pound weakens to near 1.3400 ahead of US midterm elections

The GBP/USD pair loses ground to near 1.3405, snapping the four-day winning streak during the early Asian trading hours on ...
tmgm

Australian Dollar sticks to post-RBA losses; struggles near two-week low despite weak USD

AUD/USD attracts sellers for the second straight day after the RBA’s widely expected 25 bps rate hike. The 6-3 vote split and the gloomy economic outlook exert heavy downward pressure on the Aussie.
tmgm

WTI recovers to near $95.50 amid Iran peace talk hopes

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $95.30 during the early Asian trading hours on ...
tmgm

Rising Too Fast, Time for a Pause! China’s Central Bank Raises FX Reserve Requirement Ratio to 6%, Putting the Brakes on the Yuan’s Rapid Appreciation

On November 3, China’s central bank announced that it would raise the foreign exchange deposit reserve requirement ratio from 4% to 6%, effective November 15—the first increase in nearly five years.