The USD/ZAR exchange rate remained under pressure this week as traders waited for the upcoming South African inflation report, which will provide more information on what to expect from the country’s central bank. It was trading at 16.3600, much lower than the year-to-date high of 17.2350. South African rand steady ahead of inflation report The
US President Donald Trump said on Tuesday that Washington is considering financial support measures for the United Arab Emirates, including a potential currency swap arrangement, as geopolitical tensions linked to the Iran conflict raise economic risks across the Gulf region. Speaking in an interview with CNBC, Trump confirmed that discussions around a swap line were
The US dollar strengthened to a one-week high against major currencies on Monday, only to give up some of its gains as renewed tensions between the United States and Iran prompted investors to seek safe-haven assets. The move followed developments over the weekend. The United States said on Sunday that it had seized an Iranian
The Indian rupee edged higher in early trading on Monday, supported by mild dollar selling from foreign banks. However, traders indicated that the upward move may remain limited due to elevated crude oil prices and continued importer hedging demand. The rupee was quoted at 92.82 against the US dollar, marking a 0.1% gain from its
The British pound edged lower on Monday as escalating tensions between the United States and Iran pushed investors towards the safe-haven US dollar. The renewed geopolitical uncertainty raised concerns that a fragile two-week ceasefire could collapse, weighing on risk sentiment across markets. Sterling was last down 0.1% at $1.3503 as the dollar strengthened. Meanwhile, the
For years, the currency pecking order looked relatively fixed. The US dollar dominated, the euro and yen anchored the traditional reserve complex, and commodity currencies were often treated as useful but cyclical side trades. That hierarchy is now being challenged as oil, energy security and geopolitical fragmentation take on much greater importance in global markets.
The British pound remained largely stable on Friday, returning to levels seen before the onset of the Iran war, as currency markets showed limited reaction to renewed political pressure on Prime Minister Keir Starmer. Sterling held steady against the dollar at $1.35305, reflecting broader rangebound conditions across global currency markets. Traders appeared to overlook calls
There are more articles about dollar dominance right now than there are buyers of it. Everyone has a take. Most of them are either panicking or dismissing. Here’s what’s actually happening. The numbers don’t lie, but they don’t tell the whole story either The DXY index sits at roughly 98 as of mid-April 2026, down
Sterling rose modestly on Thursday after stronger-than-expected UK economic data lifted sentiment, while markets also tracked developments around a potential peace deal linked to the US-Iran conflict. The pound was last up 0.1% at $1.3575. Against the British currency, the euro slipped 0.1% to 86.94 pence. UK growth beats expectations Britain’s economy expanded more sharply
The dollar retreated on Wednesday and hovered near six-week lows, giving back most of the gains built up since the outbreak of war in the Middle East, as renewed hopes for diplomacy between Washington and Iran improved appetite for risk. The move came as investors responded to signs that talks could resume in Pakistan within