The U.S. dollar hit its lowest point of the year on Friday, marking its third consecutive weekly decline, as traders…
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New Zealand’s central bank is expressing confidence that a weaker kiwi dollar will help to drive economic growth in the…
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Trump Proposes DOGE Savings for Citizens, Defends Cost-Cutting Measures Amid Criticism
by Barbaraby BarbaraU.S. President Donald Trump recently floated the idea of distributing a portion of the savings from his federal cost-cutting initiative,…
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EUR/USD and GBP/USD Advance, While EUR/GBP Declines Amid US-Russia Talks and European Defense Boost
by Barbaraby BarbaraThe currency markets saw EUR/USD and GBP/USD making gains, while EUR/GBP retreated following discussions between the US and Russia and…
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Wesfarmers Warns of Inflation Risks Amid Profit Beat and Price Hikes Considerations
by Barbaraby BarbaraAustralia’s largest non-food retailer, Wesfarmers, has warned that inflationary pressures could increase as the local currency weakens, raising the costs…
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In the world of Forex trading, scalping is a popular strategy employed by many traders looking to capitalize on small…
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The USD/CHF currency pair is nearing a crucial juncture, once again testing the 50-day moving average (DMA), this time from…
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Dollar Holds Near Two-Month Lows, Aussie Near 2-Month High Ahead of RBA Rate Decision
by Barbaraby BarbaraThe U.S. dollar hovered near two-month lows on Tuesday, as traders evaluated ongoing tariff concerns and the prospect of future…
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Last week’s close of EUR/USD, GBP/USD, and AUD/USD above key resistance levels has solidified the confirmation of medium-term bullish trend…
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Indonesia Mandates Exporters to Retain FX Earnings Locally to Boost Reserves and Stabilize Rupiah
by Barbaraby BarbaraIndonesia is advancing its efforts to stabilize its currency and bolster its central bank reserves with a new regulation requiring…
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Currency refers to a medium of exchange that is widely accepted within a specific country or region for transactions of goods, services, and financial assets. It is a form of money that serves as a unit of account, store of value, and a medium for exchange. Currencies are typically issued and regulated by central banks or monetary authorities of respective countries. They come in various forms, including coins and banknotes, and are represented by unique symbols, abbreviations, and codes. Examples of currencies include the United States Dollar (USD), Euro (EUR), Japanese Yen (JPY), and British Pound (GBP), among others.