New York, USA – Axis Global Capital Services Ltd (AxisGC), a prominent player in the global forex trading industry, continues…
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Latest in currency
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Global stock markets faced a downturn on Friday, with Asian shares tracking overnight losses on Wall Street. Despite a drop…
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UBS Urges Short Position on India’s Rupee, Warns of Economic Slowdown Amid External Risks
by Barbaraby BarbaraUBS Group AG has advised investors to short India’s rupee and reduce exposure to the nation’s stocks, citing concerns over…
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The Australian Dollar (AUD) has held steady on Thursday following three consecutive days of gains against the US Dollar (USD).…
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In today’s globalized world, investors are no longer limited to domestic markets. The opportunity to invest in international stock markets…
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Wall Street posted strong gains on Wednesday, driven by consumer inflation data that aligned with expectations and better-than-anticipated quarterly earnings…
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Scott Bessent Outlines Economic Vision, Pledges to Safeguard U.S. Dollar as Reserve Currency
by Barbaraby BarbaraScott Bessent, nominated by U.S. President-elect Donald Trump to lead the Treasury Department, addressed his vision for the nation’s economic…
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The FTSE 100 is positioned for possible growth in 2025, but reaching the 9,000 milestone may take several years, despite…
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The South Korean Won (KRW) experienced significant volatility following an unexpected decision by the Bank of Korea (BoK) to hold…
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A surprise interest rate cut in Indonesia and signals that the Reserve Bank of India (RBI) is easing its control…
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Currency refers to a medium of exchange that is widely accepted within a specific country or region for transactions of goods, services, and financial assets. It is a form of money that serves as a unit of account, store of value, and a medium for exchange. Currencies are typically issued and regulated by central banks or monetary authorities of respective countries. They come in various forms, including coins and banknotes, and are represented by unique symbols, abbreviations, and codes. Examples of currencies include the United States Dollar (USD), Euro (EUR), Japanese Yen (JPY), and British Pound (GBP), among others.