Axiory Global taps UAE forex market with Dubai operations
Its representative office will cater to private and corporate traders with forex and CFD products in the Emirates...
Category : Forex
Trade war: Yuan drops to lowest in more than 11 years
In the onshore market, yuan dropped to 7.1500 pegged against the US dollar, the weakest since February 2008...
Kenyan shilling drops to 5-year low as import demand rises
Last week, the currency dropped to 104.05/20 to the dollar, marking its lowest level in nearly two years...
Kenyan banks’ forex deposits stabilise at Sh577.9 bn as of June end
The central bank said that there was a slight decline of 0.2 percent in forex deposits during the period between April and May...
Strong Baht a major challenge for Bank of Thailand
Exporters are set to lose 500 billion Baht worth of income this year, according to the Thai National Shippers' Council...
Brazil to make currency real fully convertible in two to three years
Brazil needs full currency convertibility to reduce cost of cross border trade and investments...
Indian forex reserve drops to $400.84bn, shows RBI data
The special drawing rights with IMF fell by $3.4 million to $1.463 billion...
China central bank renews its support of Yuan amid dispute
The country is stepping up its efforts to stem the yuan’s rapid depreciation in a policy shift intended to fend off US criticism of Beijings weakening of its currency in the ongoing trade dispute...
Dollar dips on trade optimism as US-China talks are awaited
The dollar sagged on Monday as investor demand for the safe-haven currency receded on optimism over a reduction in US-China trade tensions...
Investors bid up safe havens during Turkish crisis, euro goes soft
Euro touches 13-month low against US dollar, as the Yen gains about 0.3 % and Australian dollar hits an 18-month low...