Forex News

Key information updates for profitable trading

South Korea major bank keeps interest rate on hold
South Korea major bank keeps interest rate on hold

On Thursday, South Korea's major bank kept interest rates intact, taking rather a bullish view of economic surge prospects because a new administration considers multi-billion-dollar fiscal stimulus measures…

China considers domestic manufacturing push
China considers domestic manufacturing push

China's intention to step up its domestic manufacturing industry has been misunderstood by foreign companies as a move to favor Chinese companies over foreign competition, as a government official informed on Wednesday…

Evergreen buck stands still before Fed minutes
Evergreen buck stands still before Fed minutes

On Wednesday, the greenback was intact versus a basket of the other crucial currencies after backing away from nearly seven month minimums, while China’s Yuan dropped after the country’s credit rating was reduced…

Crude jumps in Asia on API estimates
Crude jumps in Asia on API estimates

On Wednesday, oil grew in Asia after industry data on American inventories demonstrated that refined products slumped more than expected, although crude stocks didn’t drop as much as seen…

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