Investing.com – The U.S. dollar edged higher in early European trade Wednesday, attempting a rebound after the previous session’s sharp losses as cooling U.S. inflation raised expectations that the Federal Reserve has reached the end of its monetary tightening cycle. At 03:05 ET (08:05 GMT), the Dollar Index, which tracks…

By Tetsushi Kajimoto and Yoshifumi Takemoto TOKYO (Reuters) – A former top Japanese financial official said on Wednesday yen weakness might be caused not only by interest rate differentials between Japan and the United States but also by structural factors such as a worsening fiscal position. Under such circumstances, any…

By Walter Bianchi and Jorge Otaola BUENOS AIRES (Reuters) – Argentina’s central bank allowed the peso to weaken slightly on Wednesday to 353 per dollar, traders said, reactivating its ‘crawling peg’ for the currency that has been frozen at 350 per dollar since a primary election in mid-August. The currency,…

The South African rand has experienced a significant rally Tuesday, driven by a combination of US inflation data and shifts in global monetary policy. The currency surged over 2% to R18.22/$ amid a weakening dollar, as the latest US inflation figures suggested a potential pause in interest rate hikes by…

By Herbert Lash and Amanda Cooper NEW YORK/LONDON (Reuters) -The dollar gained on Wednesday after U.S. retail sales fell less than expected in October, bouncing off its biggest drop in a year the previous day when cooler U.S. inflation data added to expectations that the Federal Reserve is done raising…

Investing.com – The U.S. dollar slipped higher in early European trade Friday, but was heading for healthy weekly gains after Fed Chair Jerome Powell raised the possibility of further rate hikes to combat inflation.  At 03:20 ET (07:20 GMT), the Dollar Index, which tracks the greenback against a basket of…

The Nigerian Naira continues to experience significant depreciation, despite the Central Bank of Nigeria’s attempts to strengthen the local currency. The Naira’s value has been on a downward trajectory since June 2023, when forex reforms triggered the floating of the local currency from N471.67 per dollar, marking the beginning of…

In a notable financial update, India’s foreign exchange (forex) reserves have surged by $4.672 billion, reaching a seven-week peak of $590.783 billion for the week ending on November 3. This increase was highlighted in Mumbai on November 10 by a syndicated news feed and comes after the Reserve Bank of…

The Japanese yen’s depreciation accelerated today, edging closer to its highest level in 33 years, amid signals from Federal Reserve Chair Jerome Powell that interest rate hikes could continue in the face of persistent inflation concerns. The yen traded at 151.44 to the dollar, a marginal increase of 0.06% from…

The US dollar crisis in Bangladesh has intensified as the open market rate soared to Tk128 per dollar Today, a sharp increase from the rate earlier in the week. Despite the Bangladesh Bank’s (BB) stringent directives and warnings of harsh penalties for non-compliance, banks and money changers continue to bypass…