The USD/INR exchange rate continued its bull run as investors waited for the upcoming Reserve Bank of India (RBI) interest rate decision. The Indian rupee was trading at 89.85 against the US dollar as it moved closer to the psychological point at 90. India and US trade deal is elusive as its economic growth continues
The Turkish lira remained at a record low against the US dollar, continuing a trend that has been going on for decades. The USD/TRY exchange rate was trading at 42.4, up by 21% from where it was trading at in January this year. Turkish inflation drops, raising odds of a CBRT rate cut The USD/TRY
Mexico’s peso is expected to remain within the same mid-range band that has defined its behaviour for nearly a decade, according to a recent Reuters poll. Since July 2015, the currency has traded between 16.00 and 22.00 per US dollar, averaging around 19.20 at the midpoint and breaching the upper boundary only once, during the
The post India’s Central Bank lowers rates, citing weak pockets in economic data appeared first on Invezz
The USD/JPY exchange rate rose for six consecutive days after the latest Japan inflation data and as traders reacted to the upcoming US figures. It rose to a high of 152.80, its highest level since October 9 this year. It has now jumped by over 9.17% from its lowest level this year. Japan inflation and
The USD/JPY exchange rate moved sideways as traders focused on the upcoming Federal Reserve and Bank of Japan (BoJ) interest rate decision, and after the first meeting between Donald Trump and Sanae Takaichi, the new Japanese prime minister. It was trading at 152.43, up from the year-to-date low of 139. Trump and Sanae Takaichi meeting
The Bank of England on Thursday decided to keep its benchmark interest rate unchanged at 4%, marking the first pause in its gradual rate-cutting cycle since August 2024. The nine-member Monetary Policy Committee (MPC) voted 5-4 in favour of holding rates steady, with the narrow split underscoring the growing divergence among policymakers on how to
The post Investors push Argentina for more FX flexibility as Government holds line appeared first on Invezz
Circle stock price has been in a strong freefall in the past few months, a situation that accelerated after it published its second quarterly results as a publicly traded company. It plunged to a low of $86, down sharply from its all-time high of $300. This plunge has brought its market cap to $19.9 billion,
The Nikkei 225 Index wavered this week as some of its biggest constituents published their earnings and as the Japanese yen continued its recent freefall. It was trading at ¥50,435, a few points lower than the year-to-date high of ¥52,640. It has jumped by 63% from its lowest level this year. Japanese companies are reporting