Investing.com– Most Asian currencies firmed slightly on Wednesday tracking a stronger-than-expected reading on Chinese economic growth, although fears of an escalation in the Israel-Hamas war limited any major gains. Renewed fears of higher-for-longer U.S. interest rates also remained in play after a stronger-than-expected reading on for September, which markets feared…

The Nigerian Naira experienced a significant drop on Tuesday, hitting an all-time low against the US dollar in both official and parallel markets. The currency depreciated by 8.9% from Monday’s closing value, falling to N848.12/$1 from N778.80/$1 in the official market, according to data from FMDQ. This sharp decline was…

BUENOS AIRES (Reuters) -Argentina’s central bank said on Wednesday that China has cleared a currency swap line totaling a freely accessible $6.5 billion, part of a broader deal the South American country has been using to help it defend the embattled local peso. The agreement with China has helped Argentina…

By Marc Jones LONDON (Reuters) – One of the world’s most influential bond market voices has warned that the dollar’s position as the world’s reserve currency could be lost unless the United States gets its spending under control. Jeffrey Gundlach, chief executive of DoubleLine Capital and dubbed the “bond king”…

By Francesco Canepa FRANKFURT (Reuters) – The European Central Bank took a further step on Wednesday towards launching a digital version of the euro that would let people in the 20 countries that share the single currency make electronic payments securely and free of charge. The ECB said it would…

The European Central Bank (ECB) has embarked on a two-year preparation phase for its potential digital euro project. The focus of this phase, which began on Wednesday, is to establish regulations and select infrastructure providers for the platform’s development. The decision to issue this digital currency, however, remains under deliberation.…

In a significant development, Nigeria’s currency, the naira, depreciated by nearly 5% against the US dollar in the parallel market. This depreciation followed a record low in the country’s official currency market, which led to an active stockpiling of dollars by residents, particularly in Lagos. The exchange rate of the…

Credit Agricole (OTC:) highlighted an unusual divergence in the financial markets on Wednesday. Despite US 2-year rates and 10-year yields hitting their highest levels since 2006/2007, the US dollar (USD) remains sluggish. This discrepancy is driven by rising global rates, particularly in Australia, and a strategic pullback from overextended USD…

Investing.com– Most Asian currencies were muted on Thursday, nursing steep overnight losses as the dollar firmed tracking a spike in Treasury yields before a closely-watched address by Federal Reserve Chair Jerome Powell. Sentiment remained frail amid little signs of deescalation in the Israel-Hamas war, which kept traders wary of risk-driven…

By Upasana Singh (Reuters) – Investors maintained bearish bets on most emerging Asian currencies as an escalation of the Middle East conflict and prospects of higher-for-longer U.S. interest rates pushed them towards safe-haven assets, a Reuters poll found on Thursday. Short positions on the Indian rupee firmed to their highest…