Forex News - April 30, 2018
Today is April 30, 2018
Below are the links to FOREX news and Important articles
F O R E X
Dollar holds near 3-month highs as euro struggles
LONDON, April 30 (Reuters) - The dollar held steady just below its strongest level since mid-January on Monday, leaving the euro pinned near three-month lows, as a pullback in U.S. treasury yields kept a lid on the U.S. currency's recent rally.Go on to read the full article
Forex Markets Steady As Heavy Weight Data From US, Eurozone And UK Awaited
The forex market open the week rather steadily with major indices stuck inside Friday’s range. Aussie is generally lower followed by Yen. Meanwhile, Sterling, Dollar and Swiss Franc are generally higher. But the picture could quickly change as volatility comes in. The week ahead is full of important events including RBA rate decision on Tuesday and FOMC announcement of Wednesday. But economic data will catch more attentions, starting with Germany CPI and US PCE today.Go on to read the full article
Singapore Flows: USD/SGD moving down a third consecutive day
Despite gapping higher, USD/SGD moved in an offered tone from an open of around 1.3250. Pair was last seen at 1.3232 last look. Risk-on sentiment observed after some breakthrough in Korean talks last week. Our SGD NEER estimates that it is now 1.47% above mid-point. We see some likelihood of breakthrough beyond the relatively flimsy 1.3198 support. STI up 1.15%.Go on to read the full article
CBI Vows to Address Forex Policy Flaws
The CBI chief said that while the remaining questions will be answered overtime, major problems have been solved and other minor issues will also be addressed. Go on to read the full article
U.S. dollar closes lower on Taipei forex
Taipei, April 30 (CNA) The U.S. dollar fell against the Taiwan dollar Monday, losing NT$0.031 to close at NT$29.605.
Turnover totaled US$581 million during the trading session. The greenback opened at NT$29.605, and moved between NT$29.518 and NT$29.612 before the close.
Go on to read the full article
ECB Conventional Monetary Policy Is Dead, Long Live Unconventional Monetary Policy
As what the ECB has characterized as temporary economic softness in Q1/2018 threatened the schedule for the beginning of the end of Quantitative Easing, the ECB Vice President casually informed that QE is the only game in town in the event that the slowdown becomes a permanent one. The Eurozone economy has fundamentally changed and there is no going back to the cosy old world of conventional monetary policy.Go on to read the full article
US dollar is going up steadily in comparison to Pakistani Rupee.
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