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Eight month high new home sales turn Greenback bullish

Despite weakness in the price of crude oil, the Russian Ruble rallied against the Greenback for the past one month. Since March 15th, the Ruble had gained about 7% to trade at 56.10 against the US dollar. After seven quarters

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Deutsche Bank Fined $156.6m For Alleged FX Trading Violations

The U.S. Federal Reserve is fining Deutsche Bank AG $156.6 million for having violated foreign exchange regulations, as a part of a settlement agreement. The bulk of the fine $136.9 million has been levied for not following currency trading rules.

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South African Regulators Charges Two Further Banks For FX Rigging

South Africa’s Competition Tribunal has added further charges against two of the 18 banks that have been accused of rigging foreign exchange rates for several years. The Tribunal filed an affidavit earlier this week that it has additional allegations against

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French elections, dovish stance of ECB keeps Euro bearish

The rise of anti-EU leader Marine Le Pen in the French elections has temporarily turned the Euro zone as a risky place to invest. That weakened the Euro against the New Zealand dollar, a commodity currency. However, the EUR/NZD pair’s

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Three year high inflation turns Pound stronger

Better than anticipated services PMI reading for March has enabled the Pound to consolidate against the Swiss Franc at 1.2480 levels. Historically, Pound used to rally against its rivals in April. That also factored in the rise of the Pound

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BoE Asks Financial Firms To Develop Contingency Plans For Brexit

UK’s central bank has asked all regulated financial organizations operating in the country to submit their contingency plans for Brexit by July 14. The move comes in light of the UK government triggering the formal processfor withdrawing from the European

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Cash Shortage In India Hints Push Towards Digital Payments

With several ATMs across India continuing to suffer from cash shortage, it is being speculated that it is a deliberate measure to push Indians to adopt cashless transactions. The shortage is arising due to the limited cash supply being received

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Prospects of rise in met coal price turns Aussie bullish

The RBA minutes, released on March 21st , pointing to an increasing risk in the housing market, resulted in a decline of the Australian dollar against the Yen. Additionally, the failure of the US Republicans to repeal Obamacare weakened the

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