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Finance & Markets

MCX Plans India Coal, Mineral Exchanges to Boost Price Discovery

Multi Commodity Exchange of India Ltd. plans to invest as much as 2 billion rupees ($21 million) to start coal and minerals trading platforms as the government opens up the sectors to improve price discovery and transparency in the domestic market.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

Read the original at bloomberg.com →

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Dollar Strength Cycle: what It means for traders

JustMarkets – a multi-asset CFD trading platform, allows traders to have access to various instruments in one single trading system.

  • US Dollar Index (DXY) gauges dollar value, rising DXY typically signals increased demand.
  • Declining DXY might benefit EUR/USD and GBP/USD, while causing USD/JPY to weaken.
  • Commodity-related currencies and gold are sensitive to dollar strength and interest rate hikes.

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