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Did the People’s Bank of China Cut the MLF Rate?
The People's Bank of China (PBOC) plays a crucial role in influencing the economic environment of China and, by extension,...
Read moreWhat is BoJ’s Main Goal of Monetary Policy?
The Bank of Japan (BoJ), as the central bank of Japan, has a significant role in shaping the Japanese economy...
Read moreWhat Does the Federal Reserve System Do?
The Federal Reserve System, often referred to as the Fed, plays an integral role in the U.S. economy and, by...
Read moreIs UBS a Strong Bank?
The global financial landscape has long been dominated by a few major players whose strategies, resilience, and performance shape the...
Read moreWhat is the Official Bank of Canada?
The Canadian financial system stands as one of the most robust and transparent in the world, supported by a network...
Read moreNZD/USD Faces Downward Pressure Amid Tariff Concerns and US Treasury Yields
The NZD/USD pair is under pressure, trading around 0.6010 during the Asian session on Friday. The New Zealand Dollar (NZD)...
Read moreGBP/USD Faces Resistance at 100-Day SMA Amid Hawkish BoE Outlook
The GBP/USD pair is struggling to maintain the positive momentum from the previous session and is facing rejection near the...
Read moreEUR/USD Falls as USD Demand Rebounds and Trump Tariff Concerns Weigh on Euro
The EUR/USD pair has dropped to near 1.0780 during the Asian trading hours on Friday, pressured by renewed demand for...
Read moreSilver Price (XAG/USD) Faces Pressure Amid Rising Yields and Stronger Dollar
Silver prices have come under pressure during the Asian trading session on Friday, sliding to around $31.70 per troy ounce....
Read moreGBP/JPY Pauses Near 199.00 Ahead of Key Bank of England Decision
The GBP/JPY pair retraced slightly after reaching a one-week high near 199.55 during Thursday's Asian session, with spot prices now...
Read moreAUD Faces Downward Pressure Amid Mixed Trade Data and USD Strength
The Australian Dollar (AUD) showed some strength following the release of China’s trade surplus data on Thursday, but it remains...
Read moreUSD/JPY Pullback Amid Verbal Intervention and Modest USD Decline
The Japanese Yen (JPY) partially recouped heavy losses against the US Dollar (USD) during Thursday’s Asian session, moving away from...
Read moreUSD/CAD Pulls Back from Record High Amid Market Uncertainty and Fed Decision
The USD/CAD currency pair retreated from its all-time high of 1.3958, recorded in the previous session, and traded around 1.3900...
Read moreEUR/GBP Declines as Market Anticipates Slower Rate Cuts from BoE
The EUR/GBP pair continued its downward trend, trading around 0.8345 during the early European session on Wednesday, as expectations grow...
Read moreEUR/JPY Holds Steady as BoJ Hawkishness Supports Yen Amid Eurozone Data
The EUR/JPY pair remained stable around 165.50 during the Asian trading session on Wednesday, as the Japanese Yen (JPY) found...
Read moreAUD Weakens as Market Awaits US Election Outcome and Fed Decision
The Australian Dollar (AUD) retraced some of its recent gains against the US Dollar (USD) on Wednesday, as markets remained...
Read moreWhat Does the RBA Do in Australia?
The Reserve Bank of Australia (RBA) plays a crucial role in the country's financial system and overall economic management. As...
Read moreAUD/JPY Cross Nears 100.40 Amid RBA Rate Decision
The AUD/JPY cross gained momentum during the Asian trading hours on Tuesday, approaching the 100.40 level as the Australian Dollar...
Read moreAUD Steady Following RBA Decision Amid Economic Data Insights
The Australian Dollar (AUD) held steady on Tuesday, maintaining gains from the previous session bolstered by improved Purchasing Managers Index...
Read moreWhat is the RBI in India?
In the context of financial markets, central banks play a pivotal role in shaping the economic landscape of a country....
Read moreRecent Posts
Where Does the Pound Get Its Value?
The British pound sterling (GBP), one of the world's oldest and most traded currencies, is a linchpin of the global...
Which Currency Is Stronger Than the Euro?
The Euro (EUR) is one of the most traded and widely used currencies in the world, serving as the official...
Does Singapore Still Use the 1-Cent Coin?
In the dynamic world of finance and currency, even the smallest denominations can play a significant role in a country’s...
Who Decides the Value of the Pound?
The value of a currency, such as the British pound sterling (GBP), is a cornerstone of global financial markets. It...
Why Do Most Countries Use the Euro?
The euro (€) is one of the most recognized and widely used currencies in the world. Officially introduced on January...
Current EUR Exchange Rate: 800 Euro in Indian Rupees
In the dynamic world of foreign exchange (Forex) trading, one of the most commonly asked questions is how much a...
Is the USD Worth More in Japan?
The foreign exchange (forex) market is one of the largest and most active financial markets globally, with trillions of dollars...
MydayFinance (www.mydayfinance.com) is a comprehensive foreign exchange industry website, providing global users with 24-hour comprehensive and timely foreign exchange market information, foreign exchange rate real-time query, foreign exchange rate conversion and other content.