KUALA LUMPUR, June 8 (Bernama) -- The ringgit was lower against the US dollar in the early session today on lack of commercial interest for the local unit, ...
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FOREX: Ringgit Lower Against US Dollar In Early Session
Source: www.bernama.com
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Risk aversion dominates the morning session
EUR/JPY has fallen almost 100 pips from it’s NY closing level as events in Iran and North Korea remind the market that we are really only one big event away from a significant hiccup in the worldwide economic recovery. Risk aversion has been the name of the game, with both the JPY and CHF...
Chinese banker wants Yuan debt markets developed
Guo Shuqing is chairman of the China Construction Bank and former head of China’s foreign exchange administration. He is quoted in this Reuters report as calling for mutual cooperation between the US and China in developing China’s financial markets and in ensuring that the Yuan becomes...
EUR/USD Falls Despite U.S. Trade Balance Deficit Gain
Euro declined against the U.S. dollar today after growing during the early trading session and yesterday. The increased U.S. trade balance deficit didn’t help the Eurozone currency to advance against the greenback. Traders probably treated the drop in imports and exports...
How to Buy Silver Below Its Spot Price
Most investors are skeptical when you tell them that they can actually buy silver below spot prices. But it’s absolutely true....
AUDUSD moved sideways in a trading range
AUDUSD moved sideways in a trading range between 0.9803 and 1.0076. Lengthier consolidation in the range is expected in a couple of days. Key...