- MarketPulse - https://www.marketpulse.com -

Forex News and Rumors – Afternoon Update

Swiss Franc Slips on Today’s Rate Cut

The Swiss franc fell to its lowest level since August 2007 against the dollar today as the Swiss National Bank [1] unexpectedly cut interest rates today by 100 basis points. More [2]

Canadian Dollar Falls to 3-Week Low

The Canadian dollar – nicknamed the “loonie” – fell 3 percent to $1.2936 CAD per US dollar in trading today. Falling oil and commodity prices have conspired to pull the loonie down 17 percent this quarter. More [3]

Taiwan Expected to Enter Into Recession

Taiwan’s government said today that the economy will enter into a recession in the third quarter as demand for Taiwan’s exports continues to fall. More [4]

Turkey Expected to Sign Loan Agreement with IMF

Turkey is expected to sign a loan agreement with the International Monetary Fund (IMF) to help the lira recover from its weakest level in the past year. More [5]

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Scott Boyd

Latest posts by Scott Boyd (see all [8])