The U.S. dollar slipped on Friday forex trading as investors digested the impact of see-saw trade headlines about the more powerful greenback. The U.S. dollar index, which measures the greenback’s power against a basket of six big currencies, dropped 0.1percent to 97.593 by 10:14 AM ET (14:14 GMT). U.S. manufacturing action on Thursday reach its …
Continue reading “U.S. Dollar Slips on Trade Uncertainty as Euro Rises”
The UK’s financial watchdog FCA has warned of the development of fraudulent online trading platforms following the reported variety of cryptocurrency and international exchange scams greater than tripled in the past fiscal year to over 1,800. The FCA was probing the possible damage done to customers using crypto assets like bitcoin, an electronic money that …
Continue reading “FCA warns after £27m lost to crypto and forex investment scams”
Pound stuck in negative territory despite small spike as MPs reject Brexit deal Currency traders are bracing for the most volatile for forex trading week for the pound since the EU Referendum after Attorney General Geoffrey Cox dashed hopes of the prime minister’s revised deal being backed by Parliament. Prime Minister Theresa May’s Brexit deal …
