Bangladesh Bank Releases Report on Money Market Management
The Bangladesh Bank has released its report about its latest efforts to manage the South Asian country’s money market. The central bank of Bangladesh has sold US$30 million directly to…
Forex News
Federal Reserve to start withdrawing emergency support for the economy
The decision by the Federal Reserve to start paring back its emergency support was reached during a two-day Federal Open Market Committee (FOMC) meeting held from November 2nd to 3rd….
Governor: Jamaican Dollar to US Dollar Rate “Fairly Valued”
The Bank of Jamaica’s governor, Richard Byles, spoke about the current scenario shaping the Jamaican dollar and US dollar exchange rate in the island country situated in the Caribbean Sea….
Philippine Peso’s Rise Seen on Back of Strong Remittance Inflows
The Philippine peso is seen to prolong its rise against the US dollar this week. This forecast is based on expectations of robust remittance inflows. We find this foreign exchange-related…
Global Inflation Hurt Thai Baht, South Korean Won
The Thai baht and the South Korean won are among the Asian currencies adversely affected by global inflation’s indicators. This event is ongoing as the US dollar gains strength. We…
Malaysian Ringgit May Appreciate Amid COVID-19 Restrictions Easing
Foreign exchange experts believe the Malaysian ringgit’s value may appreciate further soon versus the US dollar. They believe this event can happen as COVID-19 restrictions and other related prohibitions loosened…
Japanese Yen Slips as US Dollar Hits More than 2-Year High
The Japanese yen plummeted to as low as 112.32 yen per US dollar today, Monday, October 11. This event is reportedly the official currency of Japan’s reaction as the US…
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…
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…
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…