Norwegian Krone turns bullish on rebound in oil prices
Norway is another country similar to Canada in the sense that it is also a commodity (oil) based economy. The Scandinavian country is the largest petroleum product producer in the Europe and the world’s third largest exporter of natural gas.
Read MorePolish Zloty turns bullish on strong economic growth
The USDPLN pair hit a high of 4.1550 on Jan 26th, 2016. It was the same day when the crude oil hit a low of $25 per barrel. As the crude started recovering, the US dollar started declining against most
Read MoreIndia’s Foreign Exchange Reserves Rises To $353 Billion
Are you looking for Indian Forex Brokers? Then why not have a look at our exclusive reviews of the best forex brokers available in India. India’s foreign exchange (forex) reserves have been steadily increasing during the last 12 months, reaching
Read MoreRebound in oil prices turns Canadian dollar bullish
The decline in the price of the crude oil to $25 per barrel, in January 2016, saw the exchange rates of commodity based economies crash through the floor. The Loonie was no exception to that. The EURCAD pair hit a
Read MoreCBI Expands Probe Against Vijay Mallya In Loan Default Case
India’s main investigating body, the Central Bureau of Investigation (CBI) is expanding its investigation into the banks loan default case of Rs 7,000 crore involving Vijay Mallya, the erstwhile chairman of UB group. The CBI recently announced that it is
Read MoreHSBC and Deutsche Bank Fined For Forex Violations In Korea
South Korea’s Fair Trade Commission (KFTC) has levied penalties on two banks in the country after finding them guilty of colluding in foreign exchange transactions. The two banks involved are Deutsche Bank and HSBC. This is the first time that
Read MoreAussie Signals Uptrend On Reversal In Iron Ore Price
The AUD/SGD currency pair had fallen from a high of 1.0983 in January 2015 to 0.9709 in January 2016. China is the largest importer of iron ore from Australia. Thus, the economic slowdown in China continues to have a negative
Read MoreIndonesia Issues Shariah-Based Islamic Forex Regulations
The central bank of Indonesia, Bank of Indonesia, has issued a new set of regulations to govern the shariah-compliant hedging transactions in the country which has been witnessing a rapid growth. The new regulations are aimed at increasing protection to
Read MoreIMF Decides To Report Yuan Separately In Survey of COFER
The International Monetary Fund (IMF) has announced that starting October 1 it will report China’s yuan separately in its foreign currency reserves report which is entitled Composition Of Foreign Exchange Reserves (COFER). The IMF had included the yuan in its
Read MoreIndian Billionaires Increase Four Fold Over Last Decade
The latest report from Knight Frank Wealth analysis reveals that the number of billionaires as well as Ultra-High Net-Worth Individuals (UHNIs) in India has risen by over 300 percent in the last 10 years. According to the Knight Frank Global
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