Category Archives: Currencies

China’s premier says 2017 GDP growth expected around 6.9 percent

  ChinesePremierLi Keqiang said the economy is expected to have grown around 6.9 percent last year, according to the official Xinhua news agency. China’s foreign exchange reserves continued to rise last year, while the country’s corporate leverage ratio declined at

Asian shares step back from New Year rally as trade concerns resurface

TOKYO (Reuters) – The New Year rally in Asian shares ran out of steam on Thursday as concerns about the U.S. administration’s protectionist stance hit Wall Street while U.S. bonds were dented by speculation China may curtail buying. MSCI’s broadest

Cryptocurrency ripple falls again, have losses from the previous day!

The digital currency dropped 12.8 percent and traded at $2.12 as of 4:56 p.m. ET. Ripple dropped more than 8 percent on Monday as prices of several digital currencies also declined. Coinmarketcap.com, an industry site, showed ripple down more than

Cryptocurrencies Pitfall starting?

Digital currencies fell broadly on Monday, with ripple and bitcoin leading the charge lower. Ripple traded 10 percent lower at $2.46 on the Bitstamp exchange. Coinmarketcap.com showed its price down nearly 25 percent, but it appeared that may be due

Dollar weakens before Trump speech to Congress

The dollar weakened slightly on Tuesday as investors awaited President Donald Trump’s speech to Congress for fresh indications of his economic plans and as portfolios were rebalanced for month-end. Investors were wary that Trump may disappoint those who expect greater

Dollar pares losses after fed official hints at rate hike sooner rather than later

The dollar pared losses against a basket of currencies on Monday after a Federal Reserve official delivered hawkish remarks, while investors worried that a speech by President Donald Trump on Tuesday would not provide many details on his economic agenda.

Dollar nurses losses from this week’s Fed minutes

The dollar clawed back some ground on Friday after skidding to a two-week low against the yen, but was still on track for weekly losses after the Federal Reserve meeting minutes disappointed dollar bulls. The greenback inched 0.1 percent higher

Dollar edges lower on Fed minutes, French politics

By Sam Forgione | NEW YORK The dollar fell against the euro and yen on Wednesday after Federal Reserve meeting minutes disappointed expectations for a hawkish tone and anti-EU French presidential candidate Marine Le Pen’s perceived chances of winning fell.

World-Topping Rally Too Much for Egyptian Pound’s Own Good

The honeymoon period for Egypt’s pound may be nearing an end. Nearly four months after a free float opened the floodgates for overseas funds and made the currency the world’s best performer this year, the government got an unpleasant jolt.

All Is Calm in Sweden’s Currency Market

A measure of anticipated swings for Sweden’s krona may slide further after dropping to the lowest level in more than two years, analysts say, as the nation’s central bank has indicated that it’s in no hurry to move away from