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Belgian-based company that provides the global electronic network for settlement of most forex transactions. Also known as SWIFT.
Society For Worldwide Interbank Telecommunications
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Related Terms
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Forex stands for “foreign exchange” and refers to the buying or selling of one currency in exchange for...
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It was a mixed week for NZD, but ultimately ended up as a net loser at the Friday close, once again on negative global risk sentiment due to the Coronavirus.
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AUD Weekly Review (Mar. 2 – 6)
It was a battle between Coronavirus fears and net positive Australian economic updates, and it looks like the fundies win out as the Aussie comes out a net winner.
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CAD Weekly Review (Mar. 2 – 6)
CAD was hit hard on the usual risk aversion influences from the continued Coronavirus theme, & also on expectations of more cuts from the BOC down the road if necessary.
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EUR & CHF Weekly Review (Mar. 2 – 6)
EUR & CHF benefited from the continued coronavirus-induced risk aversion environment, and likely on arguably net positive economic updates from Europe.
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