UBS today provided a forecast for the exchange rate, projecting it to reach 7.5 by the first half of 2025. This prediction comes amid ongoing trade tensions between the United States and China, with potential policy responses from Beijing including tariffs on targeted US goods and restrictions on exports of critical materials. According to UBS, […]

By Chibuike Oguh NEW YORK (Reuters) -The U.S. dollar advanced against its peers on Wednesday, hitting its highest level in two years, after the Federal Reserve delivered a widely expected interest rate cut while also indicating it would slow the pace of its monetary policy easing cycle. The Fed lowered its benchmark policy rate by

NEW YORK/LONDON (Reuters) – Brazil’s real tumbled by the most in over two years to a fresh record low on Wednesday and stocks were also under pressure as financial markets put the Brazilian government’s spending plans and wide budget deficit to the test. The local currency hit its weakest-ever mark of 6.3139 to the dollar

Investing.com– The Japanese yen weakened beyond the significant 155 mark against the U.S. dollar on Thursday after the country’s central bank kept interest rates unchanged. The Bank of Japan kept its unchanged at 0.25%, as policymakers remained cautious over Japan’s economic outlook and the path of inflation. The yen weakened against the U.S. dollar with the

Investing.com– Most Asian currencies weakened on Thursday, with the yen hitting a near one-month low after the Bank of Japan kept interest rates steady and flagged a cautious outlook.  But the biggest point of pressure on Asian currencies was a stronger dollar, as the greenback rallied to an over two-year high after the Federal Reserve

SEOUL (Reuters) – South Korea’s pension fund and central bank have agreed to expand their foreign exchange swap line and extend it by one year until the end of 2025, a move that comes as the won dropped to its lowest level in 15 years. The swap line, which allows the National Pension Service (NPS)

By Jihoon Lee and Yena Park SEOUL (Reuters) -The South Korean won dropped to its weakest level in 15 years on Thursday, weighed down by risk-averse sentiment after the U.S. Federal Reserve’s cautious stance on more interest rate cuts, as well as domestic political uncertainty. The won was quoted at 1,448.9 per dollar in onshore

Investing.com – The US dollar slipped slightly Thursday, but remained near two-year highs after the Federal Reserve signalled a slower pace of rate cuts in 2025, while sterling bounced ahead of the latest Bank of England policy meeting. At 05:05 ET (10:05 GMT), the Dollar Index, which tracks the greenback against a basket of six

Investing.com — The sterling trimmed its gains against the dollar and fell against the euro after the Bank of England (BOE) decided to keep its bank rate steady at 4.75%. This move was anticipated, but it’s worth noting that three out of nine policymakers were in favor of a rate cut. The BOE anticipates a

Investing.com — The Swedish krona has seen a slight increase following a decision by the Riksbank, Sweden’s central bank, to cut its key interest rate by 25 basis points to 2.5%. This move was anticipated, but the Riksbank also indicated a careful attitude towards future policy easing. The bank stated that rates have been lowered