The US dollar tumbled on Friday, with the euro surging 1.58% to $1.1387, its highest level since February 2022. The move comes as markets reacted sharply to a wave of new tariffs introduced by US President Donald Trump. The crash followed Trump's announcement of a 125% tariff on Chinese...
Japan's Finance Minister Shunichi Suzuki asserted on Friday that July's foreign exchange (FX) intervention was successful in addressing excessive market volatility.Suzuki emphasized that sudden FX movements are undesirable and that currencies should fluctuate in a stable manner, stressing he would...
The British pound rose on Friday to its highest in almost two years, helped by strong economic data published a day earlier and the weakening of the US dollar.The move comes after yesterday's rally, which saw the sterling rise to a four-month high against the dollar. Markets were buoyed by positive...
Standard Chartered Bank Head of Global G10 FX research Steven Englander suggested on Thursday that the Japanese government is nearing the point of a potential intervention to support the Japanese currency after the recent record drop of the yen against the US dollar.Speaking at CNBC, Englander...
The US dollar dropped nearly 1% against the euro on Tuesday following the release of the latest report on CPI in the United States.
According to the Bureau of Labor Statistics, annual inflation in the US stood at 3.2% in October, down from 3.7% in September.The October consumer price index was...
South Korea and Japan will reinstate their currency swap agreement after 8 years since its termination, the South Korean Finance Ministry revealed on Thursday.
The $10 billion agreement will be denominated in dollars, allowing for the exchange of Korean won for Japanese greenback reserves and...
European Central Bank (ECB) Executive Board member Fabio Panetta (pictured left) said on Monday that the investigation phase of the digital euro entered its final stage.
Speaking in front of the Committee on Economic and Monetary Affairs of the European Parliament, Panetta stressed that in...
Central Bank of Russia (CBR) President Elvira Nabiullina (pictured) stated on Wednesday addressing the State Duma that although the bank has started relaxing currency control measures, they cannot be "completely" removed at this time.
As the sanctions against Moscow are making "cross-border...
The Reserve Bank of Australia (RBA) announced on Thursday that its A$5 bill, which featured a picture of Queen Elizabeth II, will be redesigned. However, the late queen's son and successor King Charles III will not appear on the banknote. It will instead "honor the culture and history of the First...
South Korea's finance minister stated Sunday that the government will present more measures to stabilize the foreign exchange market in the country while minimizing the need for a currency swap deal with the United States.
The measures will include using the government's foreign exchange...
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