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GBP/USD Finds Support at Key Level, Shows Bullish Momentum – Analysis, April 7, 2025

The GBP/USD exchange rate saw an upward movement in the latest intraday trading session, buoyed by a critical support level at 1.2865. This level...

Blame Game Escalates in Iran as Rial Plunges to Record Low

The Iranian rial has hit a historic low against the US dollar amid worsening economic uncertainty, fueled by deteriorating prospects for direct negotiations with...

USDCHF Price Sees Intraday Gains – Forecast for March 14, 2025

The USDCHF pair has shown positive movement, trading within a minor bullish channel observed on the chart. However, this pattern is believed to represent...

EURGBP Sees Significant Gains – Forecast for March 12, 2025

The EURGBP currency pair has regained its bullish momentum, breaking above the key resistance level of 0.8315....

EURNZD Surges with Strong Gains – Forecast for March 10, 2025

The EURNZD pair experienced a significant bullish rally last Friday, breaking above the 1.8880 resistance level of...

EURJPY Hits Target Levels – Forecast for March 5, 2025

The EURJPY currency pair achieved its target levels on Tuesday, surpassing the key resistance point of 157.30...

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Dollar Edges Down Amid Weaker U.S. Services Growth

The dollar slipped against a basket of currencies following data indicating a slowdown in U.S. services industry growth and ahead of a week filled...

Asia FX Sees Limited Movement, Dollar Stabilizes Ahead of Powell Testimony

Most Asian currencies experienced minimal movement on Wednesday, while the dollar steadied after recent losses. Investors were cautious as they awaited key cues on...

Where can I change Swiss francs?

For travelers and individuals holding Swiss Francs, finding convenient and reliable locations to exchange currency is essential. Whether preparing for international travel or managing...

Is the old currency still valid?

The question of whether old currency retains its validity is a common concern, particularly in the context of evolving monetary systems, currency redesigns, and...

Is Swiss franc accepted everywhere?

As travelers and businesses engage in a globalized world, questions about the acceptance of various currencies often arise. The Swiss Franc, renowned for its...

EURJPY Gains Traction, Breaking Away from Support – March 4, 2024

In a recent market development, the EURJPY pair has demonstrated resilience within the bullish channel, generating fresh upward momentum that distances itself from the...

Asia FX Remains Muted; Dollar Stabilizes Ahead of Key Events

In Asian markets on Monday, most currencies in the region maintained a narrow range, while the U.S. dollar stabilized after facing losses in the...

Dollar Stagnant as Market Awaits Fed Clues; Bitcoin Surges to 2-Year High

On Monday, the U.S. dollar remained relatively stable, influenced by lower Treasury yields, while traders awaited crucial economic data for indications regarding the timing...

Why do most nations use fiat money today?

In the intricate tapestry of global economies, fiat money stands as the linchpin that facilitates transactions, fosters economic growth, and underpins financial systems. Unlike...

What are the disadvantages of fiat money?

Fiat money, the cornerstone of modern economies, has been the dominant form of currency for centuries. Unlike commodity money backed by physical assets like...

Is there any currency backed by gold?

Currency, the lifeblood of global economies, has undergone various transformations throughout history. One intriguing concept that has persisted is the idea of currencies backed...

Japanese Yen Surges Against Dollar as BOJ Official Advocates Policy Overhaul

The Japanese yen experienced a substantial strengthening against the dollar on Thursday, breaching key levels following a call from a Bank of Japan (BOJ)...

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