Forex News

India reported 314,835 new COVID-19 infections on Thursday to top the previous record of 314,312 recorded in the United States in December, according to Bloomberg. Indian Rupee is down 2.4% to US Dollar this month.The latest figures brought India's total infections to 16 million, the second-most across the globe.COVID-related deaths are at 184,000, making the country's … [Read more...] about India Tops U.S. Record To Post World’s Biggest Daily COVID-19 Tally

The Office for National Statistics (ONS) reported on Wednesday that housing price inflation in the UK rose 8.6% year-over-year for February 2021 compared to January 2021. This is a sign of recovery in the UK economy, and now upward pressure on the cable is building up.Australia’s retail sales for March are up 1.4%, hence flooring the expected 1%. The Australian dollar looks to … [Read more...] about The Upbeat UK and Australia Data Putting Pressure on the USD, XAU/USD Eyeing the $1,800 Mark

Brazil dropped out of the world's 10 biggest economies in 2020 and was replaced by South Korea due to the COVID-19 pandemic, according to an analysis conducted by CNBC. Global superpowers the United States, China, Japan, and Germany remained as the top economies, based on economic forecasts of the International Monetary Fund (IMF).India slipped to sixth place behind the … [Read more...] about Brazil Out, South Korea In Top 10 Biggest Economies

Japan’s export increased in 2021 but not as high due to lower US exports. Australia's unemployment rate fell to 5.6% from 5.8%. Australia plans to increase Covid immunization as it spurs economic growth. The AUD/JPY pair opened on a +0.49% price increase as of April 19, 2021, from the previous day trading. The currency was on a three-day bull run following a … [Read more...] about AUD/JPY: Employment Is Up, so Is the Australian Dollar

Industrial production in the US grew 1.4% in March 2021 against Russia’s at 1.1%. The price of natural gas on April 15, 2021, stood at 2.662 (+0.15%) from the previous day. US imports from Russia are expected to fall below $17.7 billion in 2021. The USD/RUB pair closed at a +0.71% price change on April 15, 2020, from the previous day after the ruble lost ground … [Read more...] about USD/RUB: Dollar Glories in Higher Industrial Production Amid New Sanctions