Renewing Lows

Economic News
13 de ago. de 2018
Renewing Lows

The Turkish lira continues its decline; despite warnings from the US, Turkey continues to move away. At the moment, relations between the two countries are cooling down, which is adding pressure on the national currency. Thus, the Turkish lira set an anti-record, falling to the minimum historical values relative to the dollar, having lost 25% over the past month.

Against the backdrop of expectations of a new round of sanctions, the Russian ruble continues its decline, updating its annual lows.

Despite the expectation of a restoration of sanctions against Iran, oil prices continue to decline.

The US dollar continues to strengthen and a number of goods decreased in value, so the price of gold reached the psychologically significant level of $1,200 per troy ounce and can soon overcome it.

Regarding the tensions between the US and Turkey, there is a concern in developing markets, and the Japanese Yen once again became a safe haven for investors, having strengthened relative to the dollar.

SuperForex
Turkey in a Crisis

Economic News

Turkey in a Crisis

The lira is collapsing and Turkey might be in serious trouble soon.

SuperForex
10 de ago. de 2018
The Dollar Rally Continues

Economic News

The Dollar Rally Continues

SuperForex
10 de ago. de 2018
Oil Price Rising Again

Economic News

Oil Price Rising Again

Sanctions on Iran are pushing prices upwards.

SuperForex
09 de ago. de 2018