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EURNZD Price Update: Bullish Breakthrough and Forecast for November 1, 2024

The EURNZD currency pair has successfully resumed its bullish momentum, breaking through the resistance level at 1.8150. This move confirms a shift towards a...

EURJPY Breaks Through Resistance – Forecast for October 28, 2024

The EURJPY currency pair has successfully overcome negative pressures, creating a price gap that allowed it to surpass the 164.75 barrier. The pair has...

Why Is CHF a Safe-Haven Currency?

In the ever-fluctuating world of finance, certain currencies stand out as reliable refuges during times of economic uncertainty. The Swiss franc (CHF) is one...

What Stablecoin Is Pegged to the Swiss Franc?

Stablecoins have emerged as a significant category of cryptocurrency, designed to maintain price stability by pegging their...

What Affects CHF Currency?

The Swiss Franc (CHF) is one of the most stable and sought-after currencies in the world. It...

What is the CHF Backed By?

The Swiss Franc (CHF) is often regarded as one of the most stable and secure currencies in...

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Is Swiss franc accepted everywhere?

As travelers and businesses engage in a globalized world, questions about the acceptance of various currencies often arise. The Swiss Franc, renowned for its...

EURJPY Gains Traction, Breaking Away from Support – March 4, 2024

In a recent market development, the EURJPY pair has demonstrated resilience within the bullish channel, generating fresh upward momentum that distances itself from the...

Asia FX Remains Muted; Dollar Stabilizes Ahead of Key Events

In Asian markets on Monday, most currencies in the region maintained a narrow range, while the U.S. dollar stabilized after facing losses in the...

Dollar Stagnant as Market Awaits Fed Clues; Bitcoin Surges to 2-Year High

On Monday, the U.S. dollar remained relatively stable, influenced by lower Treasury yields, while traders awaited crucial economic data for indications regarding the timing...

Why do most nations use fiat money today?

In the intricate tapestry of global economies, fiat money stands as the linchpin that facilitates transactions, fosters economic growth, and underpins financial systems. Unlike...

What are the disadvantages of fiat money?

Fiat money, the cornerstone of modern economies, has been the dominant form of currency for centuries. Unlike commodity money backed by physical assets like...

Is there any currency backed by gold?

Currency, the lifeblood of global economies, has undergone various transformations throughout history. One intriguing concept that has persisted is the idea of currencies backed...

Japanese Yen Surges Against Dollar as BOJ Official Advocates Policy Overhaul

The Japanese yen experienced a substantial strengthening against the dollar on Thursday, breaching key levels following a call from a Bank of Japan (BOJ)...

Asia FX Market Subdued Ahead of US Inflation Data; Yen Surges on BOJ Remarks

In the Asian foreign exchange market, movements were muted on Thursday with the dollar stabilizing ahead of crucial U.S. inflation figures, while the yen...

What backs the US dollar?

The US dollar (USD) stands as a global powerhouse, serving as the world's primary reserve currency and facilitating international trade. Its widespread use in...

What is the richest currency in Asia?

Asia is home to some of the world's most vibrant economies and thriving financial markets. With diverse cultures, histories, and economic landscapes, the continent...

India’s Central Bank Lifts Restrictions on Forex Non-Deliverable Forward Arbitrage by Banks

India's central bank, the Reserve Bank of India (RBI), is reportedly easing restrictions on banks' arbitrage trades involving the outright foreign exchange over-the-counter (OTC)...

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