Dollar Reaches 5-Month High as Powell Advocates Prolonged Higher Rates

April 17, 2024 | New York The US dollar surged to a five-month high against major currencies on Friday as Federal Reserve Chair Jerome Powell signaled the possibility of higher interest rates for an extended period. Powell's remarks came as…

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What Is Forex Forward Transactions

Forex forward transactions involve an agreement to exchange a specific amount of currency at a future date, at a predetermined exchange rate. These transactions are commonly used by businesses and investors to hedge against currency fluctuations or to lock in…

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The Importance of Risk Management in Currency Trading

In the fast-paced world of currency trading, also known as forex trading, the potential for high returns is often accompanied by substantial risks. While the allure of quick profits can be enticing, successful traders understand that risk management is the…

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