South African rand falls 1.7% as strong dollar weighs on currency

The Canadian dollar is steady on Friday, after a two-day slid in which the loonie declined by 1%. In the North American session, USD/CAD is trading at 1.3911, down 0.09% on the day. On the data calendar, Canada released the employment report and there are no US economic releases. Employment posts small gains, unemployment rate…

According to media reports, the Japanese government is in the final stages of preparing an economic stimulus package worth 21.3 trillion yen (USD 135.38 billion) to help households cope with persistent inflation. This could become the largest stimulus since the COVID pandemic. The Cabinet plans to approve the package on Friday, and the supplementary budget…

What Is Spread, and Why It Changes? (MT5 Step-by-Step + Tiny Example) Summary Spread is the small difference between the buy and sell prices in Forex. It’s how brokers cover costs and how market conditions show up on your chart. In MT5, knowing your spread helps you trade smarter and avoid surprises. Key Takeaways –…

By RoboForex Analytical Department EURUSD is moving smoothly downward and has touched 1.1840. Investors are preparing for the release of key US statistics that could affect expectations for the Fed’s future policy. The focus is on the minutes of the last Fed meeting, a preliminary estimate of GDP, and the PCE core inflation index. The…