Lately, AUD/USD registered a new weekly high of 0.7343. According to the Reserve Bank of Australia (RBA) Minutes, AUD/USD may continue reclaiming the ground lost from the 2020 high of 0.7414 as the central bank will back the economic recovery by its current tools.
Reflecting the tepid recovery in the overall economy after lifting of national lockdowns, the pace of deceleration in tax collections has slowed down with total tax mop-up touching Rs 2,53,532.3 crore so far this fiscal, which though is still down 22.5 percent from the year-ago period, according to an Income Tax Department source.
Lately, some users of WikiFX inquired the authenticity and business conditions of the platform NAG Markets.
On Tuesday, the data of German sentiment for September was released, which shows the country is still pushing ahead with the economy.
Trends on SGX Nifty indicate a flat opening for the index in India with a 19 points loss.
Although crude oil prices have recovered from their lowest levels since late April recorded during the crisis caused by the COVID-19 pandemic, business leaders and oil industry experts are questioning whether oil demand has really peaked or not.
The British pound opened the week marginally higher across a range of currencies, with GBP/USD up above 1.2762.
At the interbank forex market, the domestic unit opened at 73.33 against the US dollar, registering a rise of 15 paise over its previous close.
After the first oil shock in 1973 which shook the world economy, the attention of everyone turned to the oil prices. Changes in oil prices began to be followed closely, and its effects over macroeconomic variables started to be researched.
Lately, oil prices suffered a sharp loss on the sluggish demand, shrinking to $36.12 for a high above $43.0 and refreshing the three-month low.
Market regulator Sebi on Sunday said mutual funds (MFs) have many options to meet with the requirement of 25 per cent limits on multi-cap schemes based on the preference of their unitholders.
ATFX removes minimum deposit for non-EU clients for trading tools. The $2,000 deposit to use trading tools Autochartist and Trading Central has been removed.
From the start of the week, gold price is little changed compared with last week as it has quickly rallied from the fresh monthly low of $1,907.
Reliance Industries on Thursday became the first Indian company to cross the $200-billion market.
The impact of Covid-19 pandemic is significant on India’s development and the immediate priority is a coordinated policy response, the International Monetary Fund (IMF) has said.
Recently, an investor asked WikiFX to verify the workplace and business conditions of the Australian broker FX Corp.
Recently, GBP/USD starts stabilizing around the key psychological level of 1.30 after dropping from a high above 1.34 earlier this month.
The euro rose to a one-week high against the dollar on Thursday, after European Central Bank President Christine Lagarde said that while the ECB is watching the exchange rate, it is not a monetary policy tool.
On Wednesday, AUD/USD saw a stable upside after bouncing back to 0.7200 from 0.7400 with the rate failing to breach below the support of 0.7200-0.7180
Created in 1954, the Algerian dinar has been quoted at the franc until 1973, with 1 dinar for 1 franc and 1 dinar for 5 dollars.
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