Forex

Iran Officially Replaces US Dollar With Euro in Int’l Transactions

The Iranian government has decided to replace the US dollar with euro in its international transactions.┬áThe decision was taken in a cabinet meeting as the government tries to manage the exchange rates and support the plunging rial. “All ministries, governmental organizations and firms are obliged to choose euro as the main currency used in reporting and publishing statistics, information and ...

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Forexware Rolls Out New MT5 Gateway, Linking OTC FX and Exchanges Products

mt5 gateway

Forexware releases a gateway to link OTC FX and Exchange Execution in MetaTrader 5 Fx trading software provider Forexware has rolled out its latest tool for brokers, helping bridge OTC FX with Exchange Traded Futures and Equities into MT5. Fred Scala, Global Head of Sales at Forexware commented: We are very excited about our gateway to the most advanced trading ...

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IronFX Announces Middle Eastern Big Investment

IronFX

IronFX closes a new big investment of $100m from a Middle Eastern family office. IronFX’s deal occurred last week, making it the biggest institutional investment in the company. ┬áThe investment distribution splits in three transactions, with the first transaction as of now receives a regulatory approval. The investment to the company proved to be one of the most important, as ...

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Dollar stands tall as risk appetite improves

The dollar firmed on Wednesday in line with higher U.S. Treasury yields, as a regional rally in equities whetted investors’ appetite for risk. The dollar index .DXY, which tracks the U.S. currency against a basket of six major rivals, last stood at 97.342, up about 0.2 percent, adding to its 0.3 percent gain the previous session and moving back toward ...

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Dollar treads water, Aussie edges up after RBA stands pat

The dollar, euro and yen treaded water on Tuesday in Asia, as the market was quiet with Tokyo on holiday and traders awaiting direction after the latest readings on global manufacturing activity failed to show clear economic trends. In Asia, the Australian dollar was the biggest mover in an otherwise sedate session, rising after the Reserve Bank of Australia (RBA) ...

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FOREX-Dollar dips as worries over China weigh on appetite for risk

The U.S. dollar fell on Monday, as appetite for risk waned amid downbeat Chinese factory surveys, which also lent support to the low-yielding euro and the safe-haven yen. Demand for both currencies has risen in recent times when worry about a sharp Chinese slowdown led to economic uncertainty and financial market stress. The same concern forced the Federal Reserve to ...

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Dollar slips as China worries vanquish investor risk appetite

The U.S. dollar edged down in Asian trading on Monday, as investors’ appetite for risk evaporated against a background of downbeat Chinese factory surveys. The Australian dollar, a proxy for China plays because of that country’s massive trade exposure to China, touched its session high of $0.7148 AUD=D4 immediately after the release of the Caixin/Markit China Manufacturing Purchasing Managers’ Index ...

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Dollar steadies vs yen as Japan budget report lifts risk appetite

The dollar bounced against the yen on Friday, as a report that Japan may unveil a supplementary budget lifted risk appetite and helped the greenback pare earlier losses. The dollar was up 0.1 percent at 121.24 yen JPY=. The U.S. currency had earlier dipped to as low as 120.29 after the Bank of Japan stood pat on monetary policy, disappointing ...

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Global stocks at two-month highs, dollar up; oil down for week

Stocks in major world markets rose to a two-month high on Friday and the dollar ticked up, boosted by views that the European Central Bank may provide more stimulus to the euro zone economy. Oil prices rose nearly 2 percent as traders covered short positions after four days of losses and the U.S. oil rig count fell for a seventh ...

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FOREX-Dollar dips after rally, but improved risk appetite curbs losses

The dollar dipped on Monday as the currency took a breather after scaling a 2-1/2-month high versus a basket of peers, although an improvement in risk appetite after China’s monetary easing limited the losses. Stock markets gained worldwide after China on Friday cut rates for the fifth time this year, just a day after the European Central Bank signalled that ...

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