Investing.com– Most Asian currencies rose sharply on Tuesday as easing concerns over higher U.S. interest rates spurred heavy losses in the dollar,…
BEIJING – In a significant move to strengthen financial ties, the People’s Bank of China and the Saudi Central Bank have established…
The exchange rate is approaching the 1.10 level, trading around the mid-1.0900s, amid a weakening US dollar influenced by improved risk sentiment…
Naira gains in parallel market as Nigeria prepares for economic roadmap unveil
By Press Room
1 Mins read
ABUJA – The Nigerian currency, the Naira, has shown signs of strength in the parallel market, appreciating to N1,130 per USD from…
SINGAPORE – The International Monetary Fund (IMF) has thrown its weight behind Central Bank Digital Currencies (CBDCs), with Managing Director Kristalina Georgieva…
Investing.com – The U.S. dollar retreated once more in early European trade Tuesday, falling to a more than 2-month low ahead of…
Market experts are monitoring the pair closely as it inches toward the key psychological threshold of 1.1000 after a period of sustained…
USD/MXN dips as markets expect Fed easing, Mexican inflation data in focus
By Press Room
1 Mins read
Markets today are witnessing a decline in the exchange rate, with the pair trading near 17.1000 during the European session. This movement…
The USD Index (DXY) is experiencing downward pressure, nearing the key 103.00 support level as market sentiment shifts in favor of possible…
Exclusive-China's state banks are buying yuan, quickening its rally, sources say
By Press Room
2 Mins read
SHANGHAI (Reuters) -China’s major state-owned banks have been active in the currency market this week, buying the yuan and helping hasten its…