The pound rose on Friday after the United States and Iran agreed to a two-week ceasefire. The ceasefire sparked optimism across financial markets, particularly as oil prices declined sharply, easing concerns around inflationary pressures. Sterling rose 1% on the day to trade at $1.342, marking its highest level since March 23. The currency is now
The Indian rupee was expected to trade in a narrow range around 93 to the dollar on Tuesday as the Reserve Bank of India continued to support the currency following a period of sharp volatility that had driven it to record lows. The central bank’s intervention has provided a floor, but geopolitical uncertainty and elevated
The USD/INR exchange rate has pulled back in the past few weeks as the actions by the Reserve Bank of India (RBI) continued. The pair has dropped to 92.85, down by 2.45% from its highest point this year. So, what next for the Indian rupee as bond yields jump? Indian rupee jumps as bond yields
The USD/CHF exchange rate continued its uptrend this week as demand for the US dollar remained. Still, the pair has formed a highly bearish chart pattern, pointing to more downside in the near term. US dollar is beating Swiss franc as the war continues The USD/CHF exchange rate is doing well as investors move to
The US dollar strengthened on Thursday after President Donald Trump warned that American forces would continue striking Iranian targets for the next two to three weeks. The remarks did little to ease investor anxiety over a widening Middle East conflict. Attention now turns to the March jobs report, where analysts expect a modest rise in
India’s central bank has moved to shore up the rupee with a sweeping set of emergency measures,like capping banks’ currency positions, and banning rupee non-deliverable forwards, as the currency buckles under the weight of surging oil prices and the heaviest outflow of foreign capital from emerging markets in years. Why the RBI acted The rupee
The dollar rose on Thursday after US President Donald Trump described Iran as acting “crazy,” tempering expectations for a swift ceasefire that had briefly erased a two-day slide in the currency. The dollar index climbed to a session high of 99.925 before closing 0.3% stronger at 99.86, having earlier touched a three-week low as investors
The Philippine peso continued its strong downward trend and is now hovering near its all-time low as the country’s economy remains under pressure amid the ongoing US-Iran war. The USD/PHP exchange rate was trading at 60.65, a few points below the all-time high of 60.75. The Philippine economy is facing major headwinds The USD to
The US dollar may be poised for a decline as elevated energy prices, domestic policy risks and a rising risk premium chip away at its safe-haven appeal, according to a Reuters poll published on Tuesday. Nearly 70 foreign-exchange strategists surveyed by Reuters between 27 March and 1 April expect the euro to hold steady at
The Philippine peso continued its strong downward trend and is now hovering near its all-time low as the country’s economy remains under pressure amid the ongoing US-Iran war. The USD/PHP exchange rate was trading at 60.65, a few points below the all-time high of 60.75. The Philippine economy is facing major headwinds The USD to