GBP/USD bounces off two-month low of 1.2907, testing resistance near the 100-day SMA at 1.2964. Sellers maintain control as momentum points downward, with key support at 1.2900 and the 200-day SMA at 1.2800. A move above 1.3000 could open the door for a test of 1.3102, with further resistance at the 50-day SMA at 1.3140. … Read more
The yen carry trade and Japanese interest rates are gaining a lot of attention on Tuesday morning. The governor of the Bank of Japan wrote a letter to the Japanese government, explaining the decision to raise rates in July. He also said that the BoJ will continue to raise interest rates ‘if the economy and … Read more
Written by Hani Al-Houti Friday, March 15, 2024 04:00 PM The prices of most foreign currencies fell against the Egyptian pound, in Egyptian banks, a week after the Central Bank’s decision to implement a flexible exchange rate system, and according to the average exchange rates of currencies against the Egyptian pound in… central bankto retreat … Read more
(MENAFN- Youm7) Currency prices stabilized today, Saturday 1/6/2024, in banks operating in Egypt against the Egyptian pound, and the price of the dollar against the Egyptian pound was fixed at 30.75 pounds for purchase, 30.85 pounds for sale, and the Saudi riyal against the pound at 8.19. Pounds to buy, 8.22 pounds to sell, and … Read more
Written by Reham Al-Basha Sunday, December 31, 2023 10:45 AM We publish currency rates today, Sunday 12-31-2023, against the Egyptian pound, in morning updates at the National Bank of Egypt, where it was recorded dollar price In front of the pound, there are 30.75 pounds to buy and 30.85 pounds to sell, while the price … Read more
Meanwhile, the yen held near its recent five-month high on prospects that the Bank of Japan will soon end its ultra-loose monetary policy. During most of 2022 and 2023, this policy kept the Japanese currency under pressure at a time when other major central banks raised interest rates. Currency movements were largely weak the day … Read more
Fortunately, inflation pressure in Germany is no longer quite as high as it was a year ago. Nevertheless, the current inflation of “only” 3.2 percent means that prices will continue to rise. There is therefore little sign of a lasting relaxation among consumers or in the supermarket. At the BILD consumer dialogue with moderators Patricia … Read more
Coins The US dollar topped the list of the most profitable currencies during Thursday’s trading, supported by the recovery in US Treasury bond yields and better-than-expected economic growth data, as the gross domestic product recorded a growth of about 5.2%, while the markets expected the index to grow by only about 5%, which indicates improvement. … Read more
Coins The Japanese yen topped the list of the highest-profitable currencies in the currency market with the opening of the first American sessions on Monday, supported by the statements of the Governor of the Bank of Japan, Kazuo Ueda, this morning, which touched on the difficulty of saying that Japanese inflation will reach the Bank … Read more
Currencies The Canadian dollar led the losses in the foreign exchange market, in terms of trading on Tuesday, followed by the New Zealand dollar, recording losses in second place, and then followed by its commodity counterpart, the Australian dollar, which recorded losses in third place, while the Swiss franc suffered the least losses on the … Read more