Major Pairs

Taiwan’s forex (foreign exchange) reserves reached record levels at the end of July, largely due to the exceptionally high returns on the Central Bank of the Republic of China (Taiwan)’s investment portfolio, as confirmed by the bank on Monday.

The pound sterling fell to 27-month lows against the greenback on July 16, after Boris Johnson and Jeremy Hunt, frontrunners to succeed outgoing UK Prime Minister Theresa May, hardened their Brexit pitches over the Irish backstop.

Despite expressing downright disdain for bitcoin on several occasions in the past, it would appear that Jamie Dimon has had a major change of heart for digital currencies. The JPMorgan Chase chief executive was a renowned critic of cryptocurrencies once upon a time, but on February 14

Over the last few months, market experts have been sounding the death knell for the United States’ dominance in world trade and the effectiveness of the dollar as the reserve currency, which has historically enjoyed strong investor confidence.

Turkey’s official currency, the lira, has been at the forefront of global news for the last couple of months. While speculations are running rife that the ongoing conflict in Syria is leading the United States to up its ante against Turkey

On March 21, the Federal Open Market Committee (FOMC) of the US Federal Reserve Board under its new chairman, Jerome Powell, raised benchmark interest rates, or the target for the federal funds rate, by 25 basis points to 1.5-1.75 percent

It’s been the year of the bitcoin bloodbath, as crypto-carnage reached new highs with bitcoins and the other well-known names in digital-currency markets extending a freefall. Likewise, Ethereum, Litecoin, Bitcoin Cash and Ripple followed a similar pattern in February of this year.

Investors are hopping on to the cryptocurrency bandwagon, with reports of cryptocurrency mining and the bitcoin fork coming out. Will the cryptocurrency prove its mettle, or is it just a designer currency that is a passing fad?

If cryptocurrencies were to be branded as the most recent addition to the existing financial instruments, they would effortlessly take over the podium as the best-performing asset class in 2017.

The US dollar is edging higher versus its key counterparts in December, as central banks from the UK, US and eurozone meet separately to take stock of the performance of their respective economies and announce their monetary-policy verdicts for the last time this year.