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Here is what you need to know on Thursday, May 29:Markets turn risk-positive in the second half of the week as fears over an economic downturn in the United States (US) ease following a federal court's decision to block US President Donald Trump's 'Liberation Day' tariffs. The US Bureau of Economic Analysis will release its second estimate of the Gross Domestic Product (GDP) growth for the first quarter on Thursday. The US economic calendar will also feature weekly Initial Jobless Claims and April Pending Home Sales data. US Dollar PRICE...

GBP/USD stabilizes near 1.3500 following Tuesday's bearish action.Technical sellers could look to retain control if GBP/USD breaks below 1.3500.In the absence of high-tier data releases, markets will focus on FOMC Minutes.GBP/USD trades in a narrow channel slightly above 1.3500 on Wednesday after closing in negative territory and snapping a six-day winning streak on Tuesday. The pair's technical outlook is yet to point to a bearish reversal but sellers could take action if the pair flips 1.3500 into resistance. British Pound PRICE This week The table below shows the percentage change...

Here is what you need to know on Tuesday, May 27:The US Dollar (USD) benefits from the improving risk mood early Tuesday, while trading conditions normalize following a three-day weekend in the US. The European Commission will publish business and consumer sentiment data for May. Later in the day, the US economic calendar will feature April Durable Goods Orders and May CB Consumer Confidence Index data. US Dollar PRICE Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the...

TEMPO.CO, Jakarta - In the global trade world, the exchange rate of currencies often becomes a barometer of a country's economic strength. Despite dominating as the most traded currency, it turns out that the US dollar does not currently hold the top position as the world's strongest currency. On the other hand, a number of currencies are at a nadir, with their values only a small fraction of one US dollar.Quoted from Forbes and Xe Corporation, here is a list of the 10 strongest and weakest currencies in the world...

TEMPO.CO, Jakarta - In the global trade world, the exchange rate of currencies often becomes a barometer of a country's economic strength. Despite dominating as the most traded currency, it turns out that the US dollar does not currently hold the top position as the world's strongest currency. On the other hand, a number of currencies are at a nadir, with their values only a small fraction of one US dollar.Quoted from Forbes and Xe Corporation, here is a list of the 10 strongest and weakest currencies in the world...

The euro and other global currencies experienced a significant boost on Monday following President Donald Trump's decision to delay imposing 50% tariffs on EU imports, initially set for June 1. This move, requested by the EU to facilitate a better deal, comes amid Trump's broader policy shifts, contributing to a weakening U.S. dollar.Ray Attrill of the National Australia Bank noted the resurgence of the 'Sell America' trend in the currency markets. Investors are factoring in the likelihood that the U.S.-EU tariff resolution won't reach the hefty 50% level, though...

The Money Metals quarterly bar chart race on the evolution of global international reserves is out. Recently, gold overtook the euro, and soon will be challenging the dollar! In the video by world-renowned gold analyst at Money Metals, Jan Nieuwenhuijs, we explore world reserve currencies from 1950 to 2024.  Such currencies in this comprehensive analysis include gold, the US dollar, British sterling, the Deutsche mark, the French franc, the euro, the Chinese renminbi, the Japanese yen, and “other FX” (e.g., the Swiss franc). https://www.youtube.com/watch?v=mWSaEf-DTJc The race is off… and in...

Here is what you need to know on Thursday, May 22:The trading action in financial markets remain relatively quiet early Thursday as investors gear up for preliminary Purchasing Managers Index (PMI) data from Germany, the Eurozone, the UK and the US. The US economic calendar will also feature weekly Initial Jobless Claims and April Existing Home Sales data, and officials from major central banks will be delivering speeches later in the day. US Dollar PRICE This week The table below shows the percentage change of US Dollar (USD) against listed...

EUR/USD trades little changed on the day near 1.1250.The pair needs to stabilize above 1.1270 to gather bullish momentum.Market participants will pay close attention to comments from central bankers.EUR/USD fluctuates in a narrow channel at around 1.1250 in the European session on Tuesday after closing in positive territory on Monday. The near-term technical outlook points to a loss of bullish momentum as the key resistance level at 1.1270 stays intact. Euro PRICE This week The table below shows the percentage change of Euro (EUR) against listed major currencies this week....

Dubai Police have successfully intercepted multiple cases of counterfeit currency circulation, including an operation in which an Asian national was involved as he paid a car seller with counterfeit money, which was later discovered by the seller.In a second case a gang of three suspects was arrested after smuggling counterfeit currency into the country and attempting to exchange it for foreign currencies through exchange companies.In a third case, a 56-year-old Asian visitor was arrested at an airport with counterfeit foreign banknotes worth Dhs185,000.Recently, the Federal Investigation Department at the Ministry...