Forex News

Latin America’s Forex Compass

June 14, 2016
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Risk aversion has taken a toll on EM currencies. This has combined with larger deficits in current accounts due to lower prices of relevant commodities for LatAm countries such as oil, soybean, iron ore and copper. As with many other aspects in Latin America, currencies show heterogeneous trends. The Argentine peso depreciated 36% on...

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FOREX-Pound wobbly, yen rises on mounting Brexit worries

June 14, 2016
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* Pound near 2-month low vs dollar, 3-year low vs yen * Pound implied volatilities stay high ahead of June 23 vote (Updates prices, adds comments) By Hideyuki Sano and Masayuki Kitano TOKYO/SINGAPORE, June 14 The British pound remained fragile near a two-month low against the dollar on Tuesday and the yen hovered near...

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Mexico deputy finmin doesn’t rule out fresh forex intervention

June 14, 2016
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MEXICO CITY, June 14 Mexico does not rule out another discretionary foreign exchange market intervention, the country’s deputy finance minister said on Tuesday, adding that global volatility is set to continue in upcoming days over Brexit and U.S. Federal Reserve fears. The Mexican peso fell to over four-months lows on Tuesday, weaker than levels...

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Changes in European Forex Regulation

June 14, 2016
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This article was written by Eleana Massoura, Head of Compliance at FXTM. Eleana Massoura The retail forex industry is advancing rapidly as the popularity of trading currencies and commodities online continues to boom. The general overview of regulated forex brokers and the role of internal compliance teams is evolving right alongside this growth. A...

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FOREX-Yen gains as Brexit anxiety rises; Fed meeting looms

June 14, 2016
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NEW YORK The yen surged to its highest in more than three years against the euro on Tuesday as chances of Britain voting next week to leave the European Union grew, prompting a flight to safe havens such as the Japanese currency. The yen also hit a six-week high versus the dollar and a...

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Danish Krone Hits Crisis Levels

June 12, 2016
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Just one week after Denmark said it resorted to currency interventions for the first time in 16 months, the krone is again trading at critically strong levels. The culprit is Britain’s June 23 referendum on its European Union membership, with fears of a so-called Brexit driving investors into the safest markets, such as AAA-rated...

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