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Forex

CBN Pumps in another $413.5m (£326.80m) Into Forex Market

CBN Pumps

The Central Bank of Nigeria (CBN) yesterday announced that it has intervened in the inter-bank Foreign Exchange market to the tune of $413.5 million (£326.80 million), further underscoring its resolve to guarantee liquidity in the market as well as shore up the international value of the naira.

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Forex

Dollar Yen Reversal This Week

Dollar Yen

The Dollar Yen had an interesting session yesterday, moving rather notably against the broader market trend as the USD picked up some momentum. Whilst much of this movement is explainable by weaker bond yields and a leaky stock market, this fundamental bias is likely to be countered in the coming session as the market repositions to better reflect the developing technical bias.

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Forex

Aussie falls as RBA holds steady

Australia central bank

The Aussie fell after Australia’s central bank held steady as expected in its latest interest rate decision on Tuesday as investors detected tones of a more neutral bias and with investors cautious ahead of a meeting this week between U.S. President Donald Trump and Chinese President Xi Jinping in Florida expected to be contentious on trade.

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Forex

ECB hints at coming rate hikes

ECB

The last 24 hours has been an interesting watershed moment in monetary policy as the U.S. Federal Reserve raised the FFR 25bps and purportedly is now embarking on a cycle of tightening.

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Forex

CEOs out at FXCM and Oanda UK

Oanda UK

It was a week about change in Forex industry.

The drama at FXCM Inc. (NASDAQ:FXCM) cost CEO Drew Niv his job. Longtime Oanda UK CEO Daniel Skowronski left. Investing.com shut its auto trading service for Forex brokers, SignalTrader.com.

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