Currency news

 The pound sterling was on the throne of the losing currencies, while the New Zealand dollar came in second place, and the Canadian dollar came in third place, and more details in the context of the following report: GBP/USD The British pound fell during today's trading by 2.10% which affected the trading of the GBP/USD pair, as the GBP/USD pair quickly recovered about 30-35 pips from its daily lows and was last seen trading with modest losses, just below the mid-1.3700s. The pair extended the previous day's sharp correction decline from the 1.3825-30 resistance area and witnessed heavy selling during the first half of Wednesday's trading. The downtrend drags the GBP/USD pair to its lowest in one week during the mid European session, although it is missing out on selling. The intraday rebound followed the upbeat economic assessment of British Finance Minister Rishi Sunak during his annual government budget presentation. The Office of Budget Responsibility sees UK GDP to ret...

 After a state of relative calm in the movements of the Turkish lira over the past two sessions, it caught its breath after a massive wave of record declines. It seems that new data from the Turkish Central Bank has brought back to the lira the memory of declines that had not already been absent, prompting the Turks to abandon the lira and resort to gold to hedge against these shocking data. The Turkish lira.. Where does it go this evening, after that data? A little while ago, the Turkish Central Bank raised its forecast for the inflation rate by the end of 2021 to 18.4%, instead of previous estimates of 14.1%, as well as next year to 11.8% from 7.8%. In July, the central bank expected annual inflation to fall to 14.1% by the end of the year. The annual inflation rate was 19.58% in September. Last week, Turkey's central bank shocked the markets by cutting its interest rate by 200 basis points to 16%. But he said there would be little scope for further price cuts this year, given wh...

 The dollar rose early in European hours on Thursday, with policy decisions by central bank governors in Australia, Japan and Europe rocking trading. Today, the dollar is awaiting data on jobless claims, and the GDP index on a quarterly basis in the United States. At 2:55 AM ET (07:55 GMT), the dollar index, which measures the greenback against a basket of six other currencies, was up 0.1% at 93.835, with moves seen limited ahead of the policy setting meeting next week from before the Federal Reserve. USDJPY was trading 0.2% lower at 113.56 after the Bank of Japan kept interest rates and asset purchase plans unchanged on Thursday. The central bank also lowered its forecast for economic growth in the current fiscal year, and lowered its inflation forecast to zero for the year ending March 2022 from 0.6%, indicating that it will lag behind other central banks in curbing its accommodative monetary policies. The Reserve Bank of Australia also decided earlier in the day not to buy centr...

 Experts and analysts in the cryptocurrency market agreed that the sudden decline of currencies led by Bitcoin was expected after the recent record highs, coinciding with huge liquidations in the market. The cryptocurrency market lost nearly $170 billion in a few minutes during Wednesday's trading, which comes after a wave of tumultuous rises for bitcoin and altcoins. Huge Rush.. Positive News Bitcoin (BTC) fell sharply on October 27, dropping below $60,000 levels all the way to its lowest in two weeks. The move comes after multiple retests of $60,000, analysts said, with bitcoin now taking liquidity into a major support wall with $57,000 as its base. Analysts said they were already prepared for those pullbacks, with some data suggesting that a deeper drop to as low as $50,000 would still maintain the overall bullish trend. Urgent: Sudden Crypto Crash market now It seems that Bitcoin and alternative currencies are on the way to reduce their losses during those moments of trading to...

 According to the 2022 Annual Presidential Program prepared by the Department of Treasury and Finance and the Strategy and Budget Department, the USD/TRY digital model is scheduled to be launched in 2022. Last month, Turkey's central bank announced that it had set up a "digital cooperation platform in Turkish lira" with Aselsan (IS:ASELS), Havelsan and Tubitak Belgem. In the first quarter of this year, the digital Turkish lira was also included in the calendar of the economic reform plan announced by the Ministry of Treasury and Finance. It was mentioned in the Economic Reform Assessment that the legal infrastructure for the digital lira will be completed by the end of the year. The results of the first phase of the pilot application carried out by the Central Bank of the Republic of Turkey, the Ministry of Treasury and Finance and TUBITAK within the scope of studies for the development of a digital Turkish lira based on a block chain will be shared with the public in 202...

 The dollar fell in early European trade on Wednesday in quiet trading ahead of next week's Federal Reserve meeting, while the UK budget focuses on the pound. At 2:30 AM ET (06:30 GMT), the dollar index, which measures the greenback against a basket of six other currencies, was down 0.1% at 93.892. Also, USDJPY traded 0.1% lower at 114.03, USDJPY rose 0.1% at 1.1603, while GBP/USD marginally lowered to 1.3763 ​​ahead of Britain's annual budget. The Fed is also now in a hiatus ahead of next week's policy setting meeting, and prior to this, traders were focused on releasing a series of important data. Wednesday also sees the release of durable goods orders for September, but the release of third-quarter GDP on Thursday and the core PCE deflator for September on Friday will attract the most attention. Elsewhere, USDAUD rose 0.2% to 0.7513 after Australian core inflation rose at its fastest annual pace since 2015, prompting traders to price previous interest rate increases. Als...