A consortium of Swiss financial institutions is set to revolutionize digital financial markets through the launch of Helvetia Phase III, a project aimed at exploring the use of wholesale central bank digital currency (wCBDC). This initiative marks the first time real Swiss Franc wCBDC will be used to settle digital…

The exchange rate remained stable at €1.1502 on Thursday, as investors awaited the Bank of England’s (BoE) decision on interest rates amidst deteriorating economic conditions in the UK. This comes in the wake of October’s manufacturing PMI data, which showed a significant contraction in UK factory activity, fueling fears of…

By Gertrude Chavez-Dreyfuss and Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar fell across the board on Thursday, as investors’ appetite for riskier currencies grew as they bet the Federal Reserve is done raising interest rates after holding them steady in the previous session. The Fed left interest rates unchanged…

MOSCOW (Reuters) – The Russian rouble weakened on Tuesday, pulling back after soaring to a three-month high past 92 to the dollar earlier in a volatile session, supported by high interest rates, but facing a month-end reduction in foreign currency sales. By 1324 GMT, the rouble was 0.5% weaker against…

Investing.com– Traders remained on edge over any potential intervention in currency markets by Japanese authorities, as the yen plummeted to a one-year low after the Bank of Japan disappointed markets with only minimal changes to its yield curve control policy.  The slid 1.7% on Tuesday to 151.77- its weakest level…

By Takaya Yamaguchi and Leika Kihara TOKYO (Reuters) -Japan’s top currency diplomat Masato Kanda said on Wednesday authorities were on standby to respond to recent “one-sided, sharp” moves in the yen, escalating his warning against speculators as the currency tumbled below a crucial level. Markets have been on alert in…

Investing.com– Most Asian currencies retreated on Wednesday, while the dollar sat on strong gains as markets hunkered down before the conclusion of a Federal Reserve meeting later in the day.  Weak purchasing managers index (PMI) data from China also kept sentiment towards regional markets frail, as the region’s biggest economy…

The Thai baht has reached a six-week peak against the US dollar, according to analysts at Kasikorn Research Centre. The surge is largely due to investors offloading US currency in anticipation of the Federal Reserve meeting and a spike in domestic gold prices, fueled by escalating conflict in the Middle…

In the latest development in the currency market, the experienced a dip from 151.70 to under 151.20 following hinted intervention by Japanese officials. Officials Kanda, Suzuki, and Matsuno expressed their concern against “one-sided,” “speculative,” and “disorderly” movements, which led to this shift. Following this, the AUD and NZD rebounded after…

Asian currencies experienced a pullback on Wednesday, while the US dollar strengthened following a robust overnight rally and in anticipation of the Federal Reserve meeting outcome. The US dollar’s position was further solidified by weak Purchasing Managers’ Index (PMI) data from China, indicating continued economic frailty through October. This development…