The International Monetary Fund has called Bolivia's shift to a flexible exchange rate after 15 years of pegging its boliviano currency to the dollar an "important step" and said it remains committed to supporting the country's economic repair plans.The IMF recommended ditching the dollar peg last…
Sterling is showing resilience to political headwinds but this probably won't last, Monex Europe analysts say in a note. "Of note, the government's long-delayed Defence Investment Plan offered little indication of how the government will pay for increased spending, despite the promised sums underwh…
0904 GMT - Asia appears to have withstood the global energy price shock reasonably well, Capital Economics' Gareth Leather says in a webinar. The region looked vulnerable initially when the Iran war broke out, due to its heavy reliance on energy supplies from the Middle East. However, many Asian go…
By Pranoy KrishnaThe Indian rupee will remain weak against the U.S. dollar over the coming months despite expectations that recent measures announced by the Reserve Bank of India will attract billions in foreign capital, a Reuters poll of currency analysts showed.A sharp drop in global oil prices t…
Sterling rises to a 10-month high against the euro, helped by easing concerns about potential fiscal policy under Andy Burnham, the frontrunner to become the U.K.'s next prime minister. A weaker euro due to concerns about a fragile eurozone economy also help sterling. U.K. fiscal concerns remain, h…
The pound opened the third quarter at $1.32, near a seven-month low, after a 1.4% drop against the US dollar in June, driven by political uncertainty, a stronger dollar, and the Bank of England’s dovish stance.Investors are closely following the ECB’s Sintra Forum for insights into economic outlook…
The euro is at risk of further falls if Wednesday's eurozone inflation data are lower than expected and European Central Bank President Christine Lagarde dampens expectations for further interest rate rises, Monex Europe analysts say. The inflation data are likely to miss expectations given softer…
Central European currencies were a touch weaker on Wednesday, with markets assessing the outlook for interest rates in the region after inflation in Poland surprised on the downside.Traders also awaited signals on U.S. monetary policy later in the day, with Federal Reserve Chair Kevin Warsh appeari…
The euro entered the third quarter of 2026 at $1.14, close to a one-year low and following a 2% drop against the USD in June.Investors are closely watching the ECB’s Sintra Forum and inflation updates from Europe’s major economies, while the dollar remains supported by expectations that the US Fede…
By Dow Jones Newswires StaffU.S. stock futures pointed down in early European trade, as global equities looked set to kick off the second half of the year in the red.After notching the best quarter in six years, U.S. equities lost steam as traders upped bets for further interest-rate hikes this yea…
FASTag annual passes now account for 19 percent of all toll pass traffic, up from around 13 percent in December, a six percentage point growth in as many months, Reserve Bank of India (RBI) website data shows.In June, the total trips through toll gates stood at 44.4 crore, of which 8.4 crore were t…
Japanese authorities could refrain from interventions to shore up the yen as the currency's decline has been gradual, MUFG Bank's Derek Halpenny says in a note. "The current pace of yen selling appears acceptable and if maintained could see the Ministry of Finance remain on the sidelines." The MoF'…
Leverate has released a Model Context Protocol (MCP) server that lets brokers connect AI assistants such as Claude and ChatGPT to their own operational data. The tool points the technology at a firm's CRM, marketing funnels and risk activity rather than at trade execution, the company said.That fra…
By Colleen GokoSouth Africa's Constitutional Court ruled on Tuesday that competition authorities can pursue forex-rigging claims against six banks including JPMorgan Chase NYSE:JPM, BNP Paribas EURONEXT:BNP and HSBC LSE:HSBA, clearing the way for a full hearing of allegations that global lenders co…
The International Monetary Fund has called Bolivia's shift to a flexible exchange rate after 15 years of pegging its boliviano currency to the dollar an "important step" and said it remains committed to supporting the country's economic repair plans.The IMF recommended ditching the dollar peg last…
A Shanghai court has sentenced five Chinese individuals to up to six years in prison for facilitating more than $29.4 million in illegal cross-border foreign exchange transactions using crypto.In a post published Monday, the Shanghai Jingan District People's Procuratorate wrote that the authorities…
The dollar should remain firm if Federal Reserve Chair Kevin Warsh focuses on price stability when he speaks at the European Central Bank's forum in Sintra, Portugal, at 1300 GMT, ING's Chris Turner says in a note. In his first Fed meeting as chair in June he emphasized the need to bring inflation…
Staff WriterBahrain - Al Salam Bank has announced its successful launch of JP Morgan Payments’ overnight murabaha solution, becoming the first bank globally to implement this innovative murabaha-based liquidity management tool based on a murabaha sale structure.The milestone reflects the bank’s pio…
The dollar is projected to trade within 4.05-4.10 ringgit in 3Q amid ongoing geopolitical uncertainty, before trending below 4.00 in 4Q as markets price in a prolonged Fed pause rather than further tightening, Kenanga economists say in a note. Medium-term dollar weakness is supported by global rese…
