x
M e x M o n e y

Updates:

Save up to 30%* on our Merchant Card Processing.

More Details

Dear Customer, We have launched AI powered KYC & KYB facility for New customer account opening.

November 3, 2023
By admin

USD/CAD sticks to modest gains around mid-1.3700s, focus remains on US/Canadian jobs data

The USD/CAD pair edges higher during the Asian session on Friday and reverses a part of the previous day’s steep decline to the 1.3735 region, or over a one-week low. Spot prices currently trade around the 1.3750-1.3755 region, up just over 0.10% for the day, though the upside seems limited ahead of the monthly employment […]

BOE Keeps Rates Unchanged

Bank of England announced its latest monetary policy decision today at 12:00 pm GMT. The consensus of the markets was in favor of the BoE keeping interest rates unchanged at 5.25% for the second consecutive time. The actual decision turned out to be in line with these expectations. Bank of England’s Monetary Policy Committee (MPC) voted […]

Bank of England’s Decision Ahead, What to Expect?

The Bank of England (BoE) intends to keep the interest rates at the current level of 5.25% after today’s meeting. The decision on interest rates will be announced at 12:00 PM GST time. Abstaining from hikes is the baseline scenario reflecting the cautious approach of the Federal Reserve (Fed) and the European Central Bank (ECB). […]

November 2, 2023
By admin

USD/INR weakens as Fed maintains status quo

Indian Rupee posts modest gains on Thursday on lower US Treasury bond yields and the correction of the US Dollar (USD). The Federal Open Market Committee (FOMC) kept the federal funds rate unchanged at the 5.25-5.50% range at its November meeting on Wednesday, as widely expected. The Greenback edges lower as the markets anticipate that […]

GBP/USD Price Analysis: Remains capped below the 1.2200 barrier

The GBP/USD pair edges higher during the Asian trading hours on Thursday. The uptick of the pair is supported by the weakening of the US Dollar (USD) after the Federal Reserve (Fed) maintained the interest rate steady, while odds that it may not hike rates again rose after the press conference. The major pair currently trades around […]

EUR/USD reclaimed the 1.0600 mark, Eurozone PMI, US data loom

The EUR/USD pair gains traction during the early European session on Thursday. The rebound of the major pair is bolstered by the correction of the US Dollar (USD) after the Federal Open Market Committee (FOMC) policy meeting decided to maintain the interest rate unchanged on Wednesday. At the press time, the EUR/USD pair is up 0.24% on the day […]

UK Interest Rate Decision Preview: BoE set to stand pat for second consecutive time despite high inflation

The Bank of England’s (BoE) Monetary Policy Committee (MPC) is meeting this week to decide the future of monetary policy and will announce its decision on Thursday, November 2. The central bank will publish the Monetary Policy Report alongside it, which offers the economic analysis and inflation projections that the MPC uses to make its […]

November 2, 2023
By admin

EUR/USD gains traction near 1.0600, eyes on US NFP data

The EUR/USD pair surges above 1.0580 during the early Asian session on Thursday. The weaker US Dollar (USD) after the Federal Open Market Committee (FOMC) policy meeting lends some support to the major pair. EUR/USD currently trades around 1.0597, up 0.26% on the day. The FOMC decided to keep the federal funds rate unchanged at 5.25–5.50% on […]

USD/CHF consolidates its gains, eyes on Fed rate decision, SNB’s Jordan speech

The USD/CHF pair consolidates its recent gains after climbing to multi-week highs of 0.9107 during the Asian session on Wednesday. Investors await the highly anticipated Federal Open Market Committee (FOMC) policy meeting later on Wednesday, with no change in rate expected. The pair currently trades around 0.9097, down 0.07% on the day. The US Chicago […]

EUR/USD Price Analysis: Hovers above the 1.0550 key level ahead of Fed decision

EUR/USD consolidates ahead of the Federal Open Market Committee (FOMC) policy decision with the expectation of maintaining the current interest rate at 5.5% in November’s meeting. The pair trades lower near 1.0570 during the Asian session on Wednesday. The Eurozone Harmonised Index of Consumer Prices (HICP) exhibited a significant slowdown in a report released on Tuesday, […]