Forex News and Global Currency Market Updates
Bangladesh Bank sells $120 million from reserves as dollar demand stays elevated
Pressure on Bangladesh's foreign exchange market remains high as banks seek more U.S. dollars to meet import-related obligations. Bangladesh Bank sells $120 million to commercial banks through an ...
Philippine peso recovery depends on stronger fundamentals, not rate hikes
Pressure on the Philippine peso is highlighting the limits of monetary tightening as a currency support tool amid persistent external risks. GlobalSource Partners says a more durable rebound in ...
Philippine peso weakens ahead of inflation data, U.S. policy uncertainty
The Philippine peso extends its decline against the dollar on Wednesday as markets brace for October inflation data and assess broader macroeconomic risks. Trading activity also picks up as ...
Sterling climbs as weaker U.S. dollar lifts UK currency before BoE decision
Sterling strengthens to a seven-week high against the U.S. dollar as investors react to broad dollar weakness and position for the Bank of England's policy decision. The move keeps the pound in ...
Dollar slips as U.S. midterm uncertainty drives caution across currency markets
Currency markets are trading cautiously as early U.S. midterm election results come in and investors assess the potential for a stronger Democratic showing. The move is pushing the dollar lower ...
Malaysia expands use of local currencies through BRICS cooperation
Malaysia is expanding the use of local currencies in cross-border trade and investment through BRICS cooperation to reduce transaction costs and foreign exchange risks. The move also aims to ...
U.S. dollar seen weakening after midterms, but strategists warn of resilience
Currency strategists continue to expect the U.S. dollar to ease over the coming months as investors head into the U.S. midterm elections. Their outlook changes little from early October, but many ...
Dollar index technical signals point to deeper losses
After a year of gains driven by the Iran war, inflation and higher bond yields, the dollar is losing momentum as technical indicators turn weaker. The shift has become more visible since ...
Philippine peso gains as Middle East peace hopes, lower U.S. yields support trade
The Philippine peso strengthens against the dollar on Tuesday, reaching its strongest close in nearly two weeks as investors respond to renewed hopes for a peace deal in the Middle East. Lower ...
Indian rupee markets show hedging demand despite spot stability
India's currency market is showing a split between a firmer spot rupee and derivatives pricing that points to lingering investor unease. Forward and options data suggest market participants are ...
Indian rupee set to gain at open as oil slump eases pressure
India's currency is poised to start Tuesday stronger after a sharp drop in crude prices reduces a key source of external pressure for the import-dependent economy. The rupee's upside is still ...
China yuan rally pauses after PBOC raises FX reserve ratio
China's onshore yuan weakens after a record winning run as the People's Bank of China acts to temper the currency's advance. The move interrupts 13 straight sessions of gains, the longest streak ...
Dollar eases as oil slump lowers yield pressure, Australia rate decision in focus
Currency markets are trading cautiously as falling oil prices ease inflation worries and pull longer-dated U.S. Treasury yields lower. Investors are also watching a heavy week for central bank ...
Citigroup sees carry trade offering opportunities amid softer U.S. dollar outlook
High interest rates across emerging markets continue to support demand for carry trades, even as returns may not match an earlier period of standout performance. Citigroup's U.S. currency desk ...
Philippine peso seen trading rangebound as external risks pressure year-end outlook
The Philippine peso is expected to move within a narrow range against the U.S. dollar this week as traders monitor geopolitical developments and policy signals abroad. Analysts say seasonal ...
Uganda inflation rises to three-year high as shilling slump fuels price pressures
Uganda's consumer inflation accelerates to 5.8% in October, the fastest annual pace in more than three years as the weaker shilling and higher oil and food costs push up prices. The increase comes ...
Philippine stocks rise as peso recovery lifts market sentiment
Philippine shares rebound on Thursday, pushing the main index back above 5,700 as the peso extends its recovery against the U.S. dollar. The advance comes even as investors remain cautious over ...
Philippines weighs more tools to support peso as currency pressure deepens
Mounting pressure on the Philippine peso is sharpening expectations that monetary authorities may need to go beyond recent rate action to steady the currency. The peso has fallen nearly 8% against ...
Pakistan central bank steps up dollar buying as reserves targets rise
Pakistan’s central bank has sharply increased foreign exchange purchases over the past four years, helping lift gross reserves from a low of $3 billion at the start of 2023 to $21.5 billion now. ...
RBNZ holds rates, jolts currency markets ahead of Fed and BoC decisions
Global markets are turning to a heavy day of central bank decisions after New Zealand's surprise move rattles rate expectations and currencies. The Reserve Bank of New Zealand leaves rates ...
U.S. dollar safe-haven role faces AI flow risk
Heavy foreign investment tied to the artificial intelligence boom is making the U.S. dollar more exposed to swings in sentiment around U.S. assets. That raises the risk that, if the AI trade ...
