US Dollar Comes Softer as Precious Metals Hit Fresh Highs
The foreign exchange markets opened today, Monday, October 4, with a weaker US dollar. This development comes as the official currency of the United States offset wagers that the US…
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Weakening of the Philippine Peso Does Not Faze Central Bank
The weakening of the Philippine peso is now more apparent as it has reached the ₱51-level against the US dollar. However, this event does not leave the Philippine central bank…
Pakistani Rupee Seen to Slide Further Vs. US Dollar
A recent slide in the Pakistani rupee against the basket of main currencies, primarily the US dollar, has made financial news headlines lately. In the foreign exchange market, the rout…
India’s Forex Reserves Rise, Boosted by IMF Special Drawing Rights
India’s foreign exchange reserves have demonstrated increases lately. This event is boosted by the billions-worth of special drawing rights holdings the International Monetary Fund (IMF) had allocated for the South…
Chinese Central Bank Confirms Tighter Forex Market Control
Chinese government official Chen Yulu announced that China’s foreign exchange or forex market oversight at micro and macro levels would get boosted. The People’s Bank of China’s deputy governor delivered…
US Dollar Nurses Losses after Powell’s Statement
The US dollar was nursing losses earlier today, Monday, August 30, following US Federal Reserve System’s Chairman Jerome Powell managing to flag an exit from emergency monetary policy settings. The…
Goldman Sachs: COVID-19 Weakened the Philippine Peso
Last week, Goldman Sachs issued a report noting that the rising coronavirus or COVID-19 cases in the Philippines have made it turn “bearish” on the Philippine peso. The international investment…
Pakistan Business Club: Pakistani Rupee Instability Needs Curbing
The businessmen’s panel of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has expressed their concern about the Pakistani rupee’s instability against the US dollar. The Pakistani business…
Dollar Shows Upbeat Outlook as US Jobs Surge
The US dollar demonstrated optimism at the start of this week. It climbed against its major peers today, Monday, August 9. We want to share this latest foreign exchange news…
Pakistani Rupee Weakens as US Dollar Demand for Imports Surge
In the inter-bank market, the Pakistani rupee hit an almost 10-month low at 163.67 rupees against the US dollar yesterday, August 2. Currency market analysts think this scenario owes to…
South Korea Will Issue Forex Bonds Amid Solid Rating Outlooks
South Korea’s Ministry of Economy and Finance announced that it intends to issue US$1.5 billion or 1.7 trillion won worth of forex bonds in Europe and the United States. This…
Analysts: COVID-19 Remains a Key Factor Affecting Major Currencies
Analysts evaluating the events in the currency markets remarked that the coronavirus or COVID-19 global healthcare crisis is still a dominant factor influencing the world’s major currencies nowadays. Their perspectives…
Sterling, Euro, and Aussie Slightly Rise from Last Week’s Lows
The British pound sterling, euro, and Australian dollar demonstrated higher trading against the US dollar today, July 12. These risk currencies’ exchange rates against the greenback demonstrated subsiding pressure on…
Nigerian Business Community: Forex Scene Needs Improvement
The business sector in Nigeria decried the challenge of access to foreign exchange. The business executives believe that the forex aspect needs overhauling to improve the West African nation’s economy….
US Dollar Remains Firm amid Solid Mood on Economic Recovery
The US dollar held firmly during the early trading session today, Monday, June 28. The greenback’s index against six other major currencies appeared steady at 91.793. This measure had recovered…