the dollar fell just shy of its lowest value in three months and was on the course for a weekly loss against a basket of major currencies. Markets, on the other hand, continued their rally on hopes of a global economic recovery and vaccine progress

Sterling Declines Against the Dollar Ahead of the U.S. Elections

On Wednesday, Sterling declined against a strengthening U.S. dollar, as markets became risk-averse due to a resurgence of coronavirus infections in Europe, which has prompted…

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Dollar Struggles as Election Uncertainty Offsets Coronavirus Concerns

Dollar Struggles as Election Uncertainty Offsets Coronavirus Concerns

On Tuesday, the U.S. dollar fell despite increasing concerns about a second wave of coronavirus cases, as investors were sitting on the sidelines ahead of…

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Sterling Steadies against USD and Brexit Talks Extended

Sterling Steadies against USD and Brexit Talks Extended

On Monday, sterling steadied against the U.S. dollar, as markets became cautious due to record-high daily new COVID-19 cases in the United States and new…

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Nasdaq and S&P Close Higher due to Ongoing Stimulus Talks

Nasdaq and S&P Close Higher due to Ongoing Stimulus Talks

On Friday, Nasdaq and the S&P 500 closed modestly higher in choppy trading, as investors kept a close eye on talks of a U.S. stimulus…

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Ripple Considering Move to London over US Regulation

Ripple Considering Move to London over US Regulation

The financial technology company, Ripple, which is best known for its crypto XRP, is considering moving its headquarters from the United States to overseas. The…

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Sterling on Track for Weekly Gain as Brexit Negotiations Continue

Sterling on Track for Weekly Gain as Brexit Negotiations Continue

On Friday, Sterling went up in London trading and is on track for a weekly gain against the euro and the dollar, as the European…

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Sterling Stabilizes at Higher Level as Brexit Talks Resume

Sterling Stabilizes at Higher Level as Brexit Talks Resume

On Thursday, the pound slipped against the dollar slightly, but it managed to stay close to its six-week highs that it had reached in the…

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Dollar Softens ahead of U.S. Presidential Elections

Dollar Softens ahead of U.S. Presidential Elections

On Tuesday, the U.S. dollar declined and ended up reaching a one-month low against a basket of prominent currencies, as investors were waiting on the…

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Star Xu of OKEx Gets Arrested Once Again

Star Xu of OKEx Gets Arrested Once Again

A wildfire was caused amongst OKEx’s customers when they found out that they were debarred from withdrawing their funds from OKEX. Last Friday, news surfaced…

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European Stocks Benefit from Upbeat Earnings

European Stocks Benefit from Upbeat Earnings

On Monday in early morning trading, European stocks rose due to strong earnings update from Dutch firms Philips and Swiss wealth manager Julius Baer managed…

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