The forex spotlight was mainly on U.S. jobs-related data throughout the shortened trading week, as traders braced for the August NFP release later on. Any other catalysts that pushed major currencies around?
Today, the exchange rate of one US dollar against the Swiss franc dropped below 0.87000 francs—its lowest level since early November 2024. Since the start of 2025, the USD/CHF pair has declined by more than 4%. Why Is USD/CHF Falling Today? On one hand, the US dollar is weakening against other currencies due to Trump’s…
The October jobs report landed flat, delivering a disappointing 150,000 new jobs added — a sign of economic cooling. But this report alone doesn’t capture the broader trends developing beneath the surface. While seasonal strikes, a hurricane and hiring slowdowns contributed to the weaker-than-expected number, the real insight emerges when we take a step back…
A Cypriot court has annulled more than €6.4 million in fines issued by the Cyprus Securities and Exchange Commission (CySEC) against Greek business siblings Ioannis and Amalia Vardinogiannis, CyprusMail reported. The ruling ended a years-long insider trading case that collapsed due to legal flaws in CySEC’s handling of the investigation. The Administrative Court accepted the…
Asia FX muted, dollar edges lower amid rate cut bets, trade tensions Source link
In the current economic climate, central banks around the world are contemplating or already implementing interest rate cuts. This decision is not without controversy, as some critics argue that such moves might be ineffective in preventing a recession or even exacerbating economic troubles. However, as per economists from TS Lombard, there are compelling reasons why…
The forex market is always changing. Countries compete for dominance, and currencies rise and fall based on economic shifts. Today, a new factor is emerging—renewable energy. Many wonder whether clean energy can shape the future of the global financial system. More importantly, can renewable energy be the next forex reserve currency? A forex reserve currency…