The U.S. dollar jumped to its highest level in nearly two years and the Russian rouble…
Category: Currencies
Yen firm, euro falters as Ukraine crisis deepens
SINGAPORE, Feb 22 (Reuters) – The safe-haven yen hit a near three-week high and the euro…
Dollar on back foot as Treasury yields soften, Omicron keeps markets on edge
HONG KONG, Dec 21 (Reuters) – The dollar hovered below recent highs on Tuesday having lost…
Turkey cuts interest rates despite spiralling inflation
Turkey has cut interest rates again, despite red hot inflation and a worsening currency crisis. Read…
The Turkish lira is getting smoked, will crash to new lows due to ‘unorthodox’ policies, analysts say
Turkey’s embattled currency hit another record low on Thursday, touching 7.95 to the dollar as it…
Coronavirus: Pound plunges to its lowest level in over 30 years
The pound has fallen to its lowest level against the dollar since 1985, as the spread…
Malaysian ringgit set to weaken further as political chaos and coronavirus take hold, says Aberdeen
The Malaysian ringgit could weaken further as the country grapples with a host of issues ranging…
Surging Swiss franc may have become a gold proxy, Goldman Sachs says
The Swiss franc, which has been in a steep incline against the dollar of late, may be…
China’s yuan was already moving higher before the US said it’s no longer a currency manipulator
China’s yuan has been rising, and it’s at more than a five-month high, as the U.S.…
UK economy, not Brexit, will drive the pound in 2020, analysts say
The pound will react more to U.K. economic indicators than the twists and turns of Brexit in the…
Pound soars as Tories win majority in election
The pound surged against the dollar as the Conservative Party won an overall majority in the…
A ‘growing club’ of ‘very powerful countries’ is steering away from using the dollar
The U.S. dollar has been the world’s major reserve currency for decades, but that status could…