For a brief stretch earlier this year, the euro traded comfortably above $1.20. Investors were talking up Europe’s defence spending plans, big-ticket infrastructure projects and a more confident post-pandemic recovery. That optimism evaporated almost overnight. The war in the Middle East revived one of the euro’s oldest vulnerabilities: energy dependence. Crude oil surged toward $100
The Chinese yuan crashed this week, erasing some of the gains made in the past few weeks. The USD/CNY exchange rate rose to 6.9240, up sharply from the year-to-date low of 6.8322. So, what next for the renminbi? Chinese yuan retreats after PBOC intervention The USD/CNY exchange rate rebounded this week as the US Dollar
The Indian rupee crashed to its lowest level on record as the ongoing war in the Middle East sent shockwaves in Asia and other continents. The USD/INR exchange rate rose to 92.50 as it crossed the previous all-time high at 92.42. It has jumped by over 10% from its lowest level in April last year.
Currency markets rarely send clear signals during geopolitical crises, but the latest dollar surge arrived at a moment when investors were already uneasy about inflation, interest rates and rising government debt. Then the Middle East conflict added another layer of uncertainty. For a few days, the dollar strengthened sharply, oil jumped, and markets rushed into
The USD/ZAR rebounded this week, reaching its highest level since December last year as the South African rand retreated amid the ongoing war in Iran. It was trading at 16.60 on Friday, up 6.45% from its lowest level this year. South African rand plunges amid war risks The South African rand and other emerging market
The USD/CNY exchange rate continued its strong downward trend this week, reaching its lowest level since April 2023. It dropped to a low of 6.8955, down sharply from the all-time high of 7.3500 as the Chinese yuan gains steam. Chinese yuan gains steam after the Supreme Court tariff ruling The USD/CNY pair continued its strong
The USD/ZAR exchange rate continued its rally this week as the dollar debasement trade gained momentum. It dropped for four consecutive days to trade at 15.95, down by 20% from its highest point last year. This article provides a forecast for the South African rand. South African rand rallies amid the dollar debasement trade The
The USD/JPY exchange rate continued rising this week, reaching its highest level since February 10 after Sanae Takaichi nominated two dovish central bank officials. It rose to a high 156, much higher than the year-to-date low of 152.28. Sanae Takaichi nominates dovish Bank of Japan officials The Japanese yen has retreated in the past few
The Chinese yuan is soaring and beating the US dollar as the debasement trade gains steam. The USD/CNY exchange rate was trading at 6.8365, its lowest level since April 2023. It has dropped in the last 14 consecutive weeks, and is down by almost 7% from its highest level last year. Why the Chinese yuan
The Turkish lira continued its freefall this year and is hovering at its record low, a trend that may continue after the recent macro data from the country. The USD/TRY exchange rate rose to 43.85, up by 2.2% from where it started the year. Turkey has released weak macro data lately The Turkish lira has