FOREX (Foreign Exchange Market) is a global currency market based on the exchange of one country's currency for another at a rate agreed on on a certain date.
FOREX has no physical location. It is an enormous network of currency dealers who are interconnected by means of telecommunication services, concentrated in all major world financial centers and working 24 hours a day as a single apparatus.
(RTTNews) - The pound weakened against the Swiss franc in early deals on Tuesday. Currently, the pound-franc pair is trading at a 4-day low of 1.7563 with 1.747 seen as the next target level. The pair was worth 1.7675 at yesterday's close.
(RTTNews) - Thailand's exports dropped 25.9% year-on-year in June to $12.33 billion following a 26.6% drop in May, Commerce Ministry's permanent secretary Siripol Yodmuangcharoen said Monday. Overseas sales fell for the eighth straight month in June.
(RTTNews) - Tuesday, Australian Treasurer Wayne Swan told reporters in Brisbane that to withdraw stimulus measures would be utterly irresponsible and it would be a recipe for higher unemployment.
(RTTNews) - The Swiss franc gained ground after hitting a low of 1.0719 against the US dollar at 3:05 am ET Tuesday. The franc is currently trading at 1.0686 against the dollar with 1.060 seen as the next target level. The dollar-franc pair closed Monday's deals at 1.0682.
(RTTNews) - The pound weakened against the Swiss franc in early deals on Tuesday. Currently, the pound-franc pair is trading at a 4-day low of 1.7563 with 1.747 seen as the next target level. The pair was worth 1.7675 at yesterday's close.
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