India Slashes Corporate Tax; Rupee for Carry Trade ProfitsForex

India Slashes Corporate Tax; Rupee for Carry Trade Profits

Previously in news reports, India’s unexpected tax reduction raised questions about how the government will make up for the lost…

India’s Corporate Tax Reduction Turns Carry Trade ProfitableForex

India’s Corporate Tax Reduction Turns Carry Trade Profitable

On Thursday, the carry trade is getting a lift for the Indian rupee. This was after an unexpected $20 billion…

British Pound Exchange Rate Rise on Court RulingForex

British Pound Exchange Rate Rise on Court Ruling

The British pound exchange rate rose yesterday after the UK Supreme Court rules that British Prime Minister Boris Johnson acted…

British Pound Braces for Supreme Court Ruling | MyForexNewsForex

British Pound Braces for Supreme Court Ruling | MyForexNews

The British pound appears to be awaiting updates from the UK’s Supreme Court. The royal currency seemed consolidating against the…

Dollar Fortifies, Safe Haven Yen Drops on Trade TensionsForex

Dollar Fortifies, Safe Haven Yen Drops on Trade Tensions

Previously, the market’s risk appetite was supporting the dollar versus the safe haven Japanese yen. The backing was delicate after…

Safe Haven Yen Glided as US-China Trade Tensions PersistForex

Safe Haven Yen Glided as US-China Trade Tensions Persist

On Monday, the safe-haven Japanese yen glided lower versus the other major currencies. This was after risk appetite progressed after…

Dollar Strengthens in Advance to ZEWForex

Dollar Strengthens in Advance to ZEW

On Tuesday, the dollar was mostly higher in early trading in Europe. This was after worries of a sustained spike…

Turkey Secures Huge Rate CutForex

Turkey Secures Huge Rate Cut

On Thursday, Turkey imposed another interest-rate cut that surpassed forecasts. This was while signifying the central bank could now continue…

Dollar Strives to Advance in A Restrained TradeForex

Dollar Strives to Advance in A Restrained Trade

On Wednesday, the dollar struggled to make progress in cautious trade. This is as concerns over the trade dispute between…

Dollar Slips, Euro Retreats Following the PMI DataForex

Dollar Slips, Euro Retreats Following the PMI Data

On Thursday, the dollar was dragged down as expectations for further Federal Reserve rate cuts diminished. Meanwhile, the euro gained…