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Paxful Overtakes LocalBitcoins in P2P Bitcoin Trading in the United States and Canada
Peer-to-peer cryptocurrency trading has been mostly dominated by trading venues such as LocalBitcoins for the past several years, where tra...
Lira Surges After Turkish Central Bank Hikes Interest Rates in Defiance of President Erdoğan
In a surprise move on Thursday morning, the Turkish central bank raised its benchmark rate by 625 basis points. The lira surged more than 8...
Optimistic Comments From EU's Brexit Negotiator Lift British Pound
The sterling was under pressure last week as conflicting statements on Brexit negotiations were being released to the press by German and ...
Russian Ruble Down Sharply After PM Medvedev Calls for Lower Rates
The Russian ruble was down as much as 2% against the dollar on Thursday, after Russian Prime Minister Dmitry Medvedev called for “lower cos...
British Pound Trading Wildly Amid Conflicting Statements on Brexit Demands from Germany and Britain
The British pound surged on Wednesday on news reports that Germany and the UK have agreed to drop key Brexit demands. The GBP/USD currenc...
Argentine Peso, South African Rand Suffer More Losses as EM Currency Crisis Continues
Although the Turkish Lira has been stable above its all-time lows over the past two days, the South African rand and Argentine peso have co...
Moody's Downgrades, Central Bank Liquidity Tightening Push Turkish Lira Down 3%
The Turkish lira tumbled more than 3.00% against the dollar on Wednesday after Turkey’s central bank doubled banks' borrowing limits in...
Mexican Peso, Canadian Dollar Surge as President Trump Announces New Trade Deal with Mexico
The U.S. dollar took a tumble today as President Trump announced a trade deal with Mexico that would replace NAFTA. The Dollar Index tumb...
Australian Dollar Gains as Scott Morrison Voted in 30th Prime Minister of Australia
The Aussie dollar made a dramatic recovery on Friday, erasing almost all losses incurred on Wednesday and Thursday, after prime minister Ma...
Bitcoin P2P Trading Platform Paxful Sees Rising Volumes Despite Crypto Bear Market
Although the price of bitcoin, as well as many other cryptocurrencies, has been in decline since the start of the year, investor and consum...
Rising Inflation and Foreign Investment Lift Canadian Dollar
Encouraging figures from Statistics Canada on Friday gave the Canadian dollar a boost of more than 0.50% against its American counterpart. ...
Retail Forex Brokers Halt Trading in Lira as Turkish Currency Crisis Intensifies
Tickmill, a retail CFD and Forex broker with offices in Europe and the United Kingdom, blocked all of its clients from opening new speculat...
Russian Ruble Tumbles After Details of New U.S. Sanctions Leaked by Russian Media
The Russian ruble suffered significant losses on Wednesday after a Russian news outlet, Kommersant, released full details of a U.S. bill se...
British Pound Slides to Lowest Level in 11 Months as Brexit Negotiations Deteriorate
The British pound sold-off on Monday to its lowest level in 11 months amid rising worries over Brexit. The pound came under strong pressu...
Turkish Lira in Free Fall as Central Bank Scrambles to Boost Liquidity
In a bid to halt the lira’s plunge, the Turkish central bank lowered the FX reserve requirement on Monday from 45% down to 40%: “With thi...
Bank of England Hikes Rates, Triggers Sell-Off in the British Pound
The British pound slid on Thursday after members of the Bank of England’s Monetary Policy Committee voted 9-0 to raise interest rates by 25...
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