Most Asian currencies remained largely unchanged on Thursday despite China announcing additional measures to bolster its economic growth. The Chinese yuan rose by 0.2% after the People’s Bank announced its plans to support the property market and increase lending. Meanwhile, the state planning body and finance ministry revealed they would.
Introduction The USD/CAD pair is experiencing a consolidation phase in the mid-1.3300s during the early hours of Monday’s Asian session. The Loonie pair had fallen the most in five weeks the previous day, owing to a strong Canada jobs report that joined upbeat prices of WTI crude oil, Canada’s key.
Introduction The currency exchange market is one of the largest and most liquid financial markets in the world. It enables international trade and investment, and exchange rates–the value of one currency in relation to another–fluctuates due to macroeconomic events such as inflation, monetary policy, and economic growth. In this article,.