Foreign exchange markets and global currency movements.
Coverage of currency markets including major pairs, central bank actions, interest-rate differentials, and geopolitical influences. This section highlights trends in FX markets that impact global trade, inflation, and cross-asset correlations.
135 total articles
Asian currency markets exhibited limited movement on Tuesday, with the U.S. dollar declining due to rising geopolitical tensions following U.S. President Trump's persistent tariff threats and acquisition ambitions surrounding Greenland. China maintained its key lending rate, while Japan's announcement of a snap election has increased scrutiny of fi…
The U.S. dollar declined slightly on Monday following tariff threats by President Donald Trump targeting several European nations over Greenland, stirring fears of heightened trade disputes between the United States and Europe. As investors reevaluate risk, the euro and pound gained ground. Meanwhile, Asian currencies showed modest fluctuations ami…
The British pound stands to benefit this week with important UK economic data on the horizon, including employment and inflation statistics. Analysts indicate that these releases could push sterling higher, particularly through the GBP/USD pair, amid emerging dollar weakness and an existing short squeeze in the pound. Nonetheless, sterling’s perfor…
Asian foreign exchange markets experienced limited fluctuations as investors navigated heightened uncertainty from U.S. tariff announcements on European countries and digested China's fourth-quarter economic growth figures. The Chinese yuan strengthened moderately after GDP results surpassed expectations, while regional currencies maintained narrow…
The U.S. dollar weakened as President Donald Trump's announcement of new tariffs on several European countries triggered risk aversion among investors, who moved into traditionally safer currencies such as the Swiss franc. European nations are responding with efforts to avoid a trade conflict that could disrupt transatlantic commerce. Despite initi…
The US dollar experienced a decline on Monday following President Trump's announcement of new tariffs targeting European countries over Greenland. This development has led investors to seek refuge in safe-haven currencies such as the Swiss franc and Japanese yen. While European currencies showed resilience after early losses, the evolving trade dis…
Venezuela is initiating its first substantial dollar sales since mid-December to alleviate pressure on the bolivar, which has faced sharp volatility amid disruptions caused by a U.S. blockade on oil exports. Government-backed banks in Caracas have started gathering bids from corporate clients, although funds have yet to be distributed. This move fo…
Following disruptions from a US-imposed blockade on Venezuela's oil exports, the government is preparing to resume its sale of US dollars, potentially aiding in the stabilization of the faltering bolivar currency. Banks in Caracas have been reaching out to corporate clients with offers of dollar funds, marking the first considerable government doll…
A China-led digital currency initiative called mBridge has processed over $55 billion in cross-border payments, demonstrating substantial progress in creating alternatives to dollar-based global payment infrastructure. The platform, jointly tested by multiple central banks, predominantly uses the digital yuan for transactions and highlights China's…
The mBridge digital currency platform, spearheaded by China and tested alongside central banks from Hong Kong, Thailand, the UAE, and Saudi Arabia, has processed more than $55 billion in cross-border transactions. This marks a significant escalation since its inception in 2022, with the digital yuan comprising the majority of the volume. The platfo…
The mBridge digital currency platform, initiated by China in collaboration with central banks from several countries, has seen its transaction volume soar to over $55 billion. This surge underscores increasing adoption of alternatives to the US dollar in global payment infrastructures, led predominantly by the digital yuan.
UBS has presented an analysis predicting a gradual decline in the U.S. dollar's value relative to the euro, with the EUR/USD exchange rate anticipated to approach 1.20 during the first half of 2024. The report attributes this outlook to several factors including an unresolved Department of Justice inquiry involving Federal Reserve Chair Jerome Powe…
A recent UBS study outlines the factors contributing to the volatility of the U.S. dollar, including the ongoing Department of Justice investigation involving Federal Reserve Chair Jerome Powell, persistent inflation pressures, and shifts in the labor market. The Swiss financial institution projects the euro to strengthen modestly against the dolla…
UBS has projected that the EUR/USD exchange rate will approach 1.20 during the first half of 2024, highlighting ongoing volatility in the U.S. dollar. Key influences identified include an active Department of Justice probe involving Federal Reserve Chair Jerome Powell, decelerating disinflation, and a weakening U.S. labor market. These elements con…
Bank of America has advised a bearish stance on the NZD/USD currency pair, attributable to near-term strength in the U.S. dollar bolstered by stable economic data and fiscal stimulus expectations, alongside an anticipated rate cut by the Reserve Bank of New Zealand (RBNZ) that may weigh on the New Zealand dollar despite signs of economic stabilizat…
Bank of America has issued a sell recommendation on the NZD/USD currency pair, highlighting short-term support for the U.S. dollar despite a generally bearish stance on the greenback for 2024. The bank emphasizes stable U.S. economic indicators and upcoming fiscal stimulus as factors reinforcing USD resilience. Concurrently, forecasts of subdued in…
Bank of America projects downward pressure on the NZD/USD currency pair due to expected near-term US dollar gains driven by stable economic data and anticipated monetary policy shifts. While maintaining a generally bearish stance on the US dollar for 2024, the bank highlights the dollar's recent strength ahead of a Federal Reserve leadership transi…
Bank of America has recommended selling the New Zealand dollar against the US dollar based on expectations of short-term US dollar strength and an impending rate cut from the Reserve Bank of New Zealand (RBNZ). While the bank maintains a bearish outlook on the US dollar for 2024, near-term data and fiscal stimulus measures are supporting the dollar…
The U.S. dollar experienced a slight dip on Friday but is on track to secure a third consecutive weekly gain, driven by stronger-than-anticipated economic data. Key metrics, notably a decrease in initial jobless claims, have shifted market expectations away from imminent Federal Reserve interest rate reductions. Meanwhile, the euro and yen showed m…
The U.S. dollar experienced a slight decline on Friday yet is positioned to complete a third consecutive week of gains. This momentum follows robust economic figures, including a notable drop in jobless claims, which have tempered expectations for early Federal Reserve interest rate reductions. Meanwhile, European currencies and the Japanese yen sh…
The U.S. dollar eased slightly on Friday but was on track to record a third week of gains following stronger-than-forecast economic reports that dampened expectations for imminent interest rate reductions by the Federal Reserve. Key data points, including a notable drop in jobless claims and steady retail sales, reinforced confidence in the stabili…
The U.S. dollar experienced a slight dip on Friday but was on track to post its third consecutive weekly gain, buoyed by stronger-than-anticipated economic data that diminished market expectations of imminent Federal Reserve interest rate reductions. Key metrics, particularly employment figures, signaled ongoing economic resilience, influencing cur…
South Korea's commitment to invest $350 billion into strategic U.S. sectors as part of a recent trade agreement is not expected to commence in the first half of 2026. Finance Minister Koo Yun-cheol highlighted the initial phases of implementation will be limited, which may moderate short-term dollar outflows amid a weakening won. With the South Kor…
South Korea's commitment to invest $350 billion in key U.S. sectors, agreed under a recent trade deal, is expected to see little movement during the first half of 2026 due to procedural timelines and currency market conditions. The Finance Minister reassured that the won's depreciation would not lead to substantial capital outflows in the near term…
South Korea's extensive $350 billion investment initiative in strategic U.S. industries, agreed upon within a recent trade arrangement, is anticipated to commence after the first half of 2026. Finance Minister Koo Yun-cheol highlighted process complexities and currency depreciation pressures as key factors delaying the rollout. The government aims …
