Home » Archive by category Currency (Page 2)

RBI tells banks to replace defective 1,000-rupee notes

Out of 300 million defective banknotes that were printed in one of the printing presses of government-owned Security Printing and Minting Corporation of India, about 100 million of those notes have hit the market leaving the general public in a tizzy. About 200 million pieces were transferred to...
Continue reading

EUR/USD posts steady gains in abbreviated Christmas Eve session

EUR/USD rose considerably during an abbreviated session, as currency traders looked to capitalize on last-minute gains ahead of the Christmas holiday. The currency pair traded between 1.0904 and 1.0966 before settling near session-highs at 1.0963, up 0.0052 or 0.47% on the session. EUR/USD has been relatively flat since last...
Continue reading

U.S. dollar remains lower after jobless claims report

The dollar held on to losses in thin Christmas Eve trading on Thursday, after data showed the number of people who filed for unemployment assistance in the U.S. fell more than expected last week. Trading volumes are expected to remain light, with much of the Western world already...
Continue reading

Forex – GBP/USD edges higher despite U.K. GDP data

The pound edged higher against the U.S. dollar and the euro on Wednesday, even after data showed that the U.K. economy grew less than initially expected in the third quarter. GBP/USD inched up 0.27% to 1.4861 during European morning trade. Sterling was also higher against the euro, with...
Continue reading

Dollar edges higher ahead of U.S. durable goods report

The dollar edged higher against its major rivals in pre-holiday trade on Wednesday, as investors awaited the release of U.S. durable goods data due later in the day for further indications on the strength of the economy. The U.S. dollar index, which measures the greenback’s strength against a...
Continue reading