Tag - forex exchange

Chinese Yuan rebounds

On Tuesday, the Chinese Yuan managed to rebound in Asia reacting to reports that the Asian country’s state-backed funds, dubbed the “National Team,” have pumped cash into the market in an attempt to back local stocks as well as currency…

Turkish lira goes down

Turkey is making its way towards another currency downtime, with the Turkish lira diving to its lowest value for almost a year after Turkey’s election authorities canceled the recent municipal election outcomes for Istanbul…

Australian dollar tacks on

On Tuesday, the Australian dollar steeply ascended after Australia’s major financial institution held rates at a record minimum, dashing speculation it might ease policy in response to a below-par outcome of inflation…

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