Category forex

Yuan Nears 28-Month High

Yuan approaches 28-month high on trade-weighted basis The yuan is nearing a 28-month high on a trade-weighted basis, undermining claims of deliberate devaluation. The currency's recent trajectory may reduce market sympathy for ECB President Lagarde's comments on th

NZD Weakens Against USD

NZD/USD trades near 0.5705 The NZD/USD pair is in negative territory for the fifth consecutive day. The US Dollar strengthens against the New Zealand Dollar on a hawkish tone from the US Federal Reserve. The NZD/USD pair trades around 0.5705 during Asian trading