Sterling foreign exchange rate hit a new low in January

Sterling foreign currency, one of the world’s major currencies, hit a record low against the dollar in January, with the benchmark index falling by 0.3% against the greenback.The benchmark rate against the U.S. dollar was hovering around US20.7% before falling to US20% on Thursday, the lowest since February 2014.The rate is now at US19.8%, according […]

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How to get a job at the top of the industry

Foreign exchange recruiters, who charge $10,000 to $25,000 a pop, say the industry is still young and not all foreign exchange recruits are suitable.They say they are a crucial part of the recruitment process.Foreign exchange recruitings are the most common type of recruitment in the business, but recruiters are struggling to keep up with the […]

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Australian mining company wants $30 billion worth of foreign exchange in Australian capital

Australian miner Anglo American is set to seek $30bn in foreign exchange from Australian investors, according to Australian Financial Review.AFL Media understands the company will use foreign exchange to fund the acquisition of Anglo American’s Australian mining assets, and will likely seek a 10 per cent interest rate on the proceeds.The deal is expected to […]

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How to make money in Bitcoin with an exotic currency

Foreign exchange dealer John F. Fishel, an American who has lived in Malaysia for the last two decades, has been working with cryptocurrency businesses for nearly a decade.He says that he has seen Bitcoin skyrocket in popularity since the recent rise of the cryptocurrency craze, but has not made a career out of trading it.“I’ve […]

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Why are foreigners buying foreign currency on FX markets?

The FX markets have had a rough time this year.It is still unclear why the market is so sensitive to the yuan devaluation.And it is unclear why it is so volatile.In a recent interview with CNBC, Bank of America Merrill Lynch senior FX strategist and FX strategist Adam Zirkelbach said, “I don’t know how much […]

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India’s foreign exchange rate may be lower than expected

India may face a shortfall of about 4% of its foreign exchange reserves when the government issues new currency, according to the country’s foreign currency experts.While the government has promised that the exchange rate will remain fixed, the latest forecast from the country, which has been the benchmark for the global market, suggests a decline […]

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US economy slows but still expanding despite recent downturn

By JOHN C. STEELEAP and CHRISTIAN BOGANSource Associated PressMay 04, 2019 12:05:02In the first full week of May, U.S. gross domestic product expanded by an annual rate of 1.4 percent, the fastest pace since the recession of 2009-10, the Commerce Department reported Friday.U.S., British and Canadian GDPs grew at a combined annual rate last month […]

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