May 28th, from WikiFX news. Aussie’s performance beat most of G10 currencies in May. Technically, AUD/USD breached April’s range and is heading towards March high with a positive outlook.
The dollar weakened over the past week following the strengthening of the euro, which rose after news of Franco-German proposals for grants for the European Union (EU) and sectors hit by the Covid-19 pandemic. Germany and France proposed that the European Commission lend 500 billion euros on behalf of the entire EU.
The type of spread that a forex broker provide depends on how it makes money
Employers should pay the wages of anyone told to stay at home by England's COVID-19 test and trace system, British health minister Matt Hancock said on Thursday. The service is aimed at allowing the loosening of lockdown
At the beginning of April, a young Japanese sumo wrestler known as Shobushi came down with a fever. His coaches tried calling a local public health centre to get him a coronavirus test, but the phone lines were busy. For
The European Commission proposed on Wednesday spending 8 billion euros ($8.81 billion) of its next budget on a new European Union defence fund, keeping alive a Franco-German plan to deepen military cooperation despite the eco
South Africa's mining industry has so far recorded 320 cases of the new coronavirus, the Minerals Council said on Wednesday as underground mines prepare to ramp up output when Africa's most industrialised economy eases loc
Most Brazilians support stricter social distancing measures to control the coronavirus, according to a poll published on Wednesday, even as the full economic toll began to emerge with data showing the loss of over a million j
Post-Covid-19 work and New norm
May 27th from WikiFX news. Overnight USD/CAD rate dropped 228 pips to 1.3773, a new low since March 16th . This has been the largest intraday decline since March.
Switzerland will decide on Wednesday on further relaxations of restrictions brought in to stem the spread of the new coronavirus, including how to reopen nightclubs and football stadiums, the Neue Zuercher Zeitung paper reported
Leaving the European Union this year would be a lot to handle for the U.K. when the economy is already reeling from the coronavirus outbreak, according to a former Bank of England rate setter.
Sweden won‘t support the 500 billion-euro ($548 billion) European Union recovery plan as it was proposed by France and Germany last week while also signaling a willingness to discuss a way forward with the bloc’s other members.
May 26th, from WikiFX news. Japan is considering a new round of stimulus scheme worth of 100 trillion yen(US$929.45 billion), which includes financial aid programs for businesses under the shock of coronavirus pandemic.
UK’s inflation rate in April fell to 0.8% to the lowest level for nearly four years. Under this situation, the UK is likely to enter a deflationary age, bringing the pressure that Bank of England(BoE) would cut interest rates below zero.
Germany's government and its state premiers have agreed to extend social distancing rules until June 29 to contain the coronavirus pandemic, a government spokesman said. Tuesday's deal, confirmed by the spokesman after b
Australian Prime Minister Scott Morrison will on Tuesday outline his government's plans to revive the sputtering economy, but is expected to warn a recovery will take between three to five years. Australia has reported j
Australian Prime Minister Scott Morrison on Tuesday called for an ideological truce between employers and workers to revive the country's A$2 trillion ($1.3 trillion) economy, which has been badly damaged by the coronavirus pan
The number of Portuguese young people requesting jobless benefits spiked 52% last month from a year earlier, way above the increase for other age groups, amid the coronavirus lockdown, data showed on Monday Overall, near
Generally, currency pairs can be quoted in two different prices: The bid and ask price. The “bid” means to sell the base currency and the “ask” means to buy the base currency.
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