© Reuters On Tuesday, the Kenyan shilling fell to a historic low against the US dollar, with the Central Bank of Kenya (CBK) quoting it at 149.27, an increase from Friday’s close of 149.20. This depreciation has driven up import costs and inflation, according to a CBK statement. The situation has resulted in higher prices
© Reuters. Investing.com– Most Asian currencies fell slightly on Tuesday as demand for the dollar remained steady before several major U.S. economic readings this week, while sentiment also remained on edge over the Israel-Hamas war. U.S. and data is due later in the day, while a string of Federal Reserve members are set to speak
Poland’s currency, the zloty, appreciated against major currencies including the euro, dollar, Swiss franc, and British pound on Monday. This followed the country’s parliamentary elections where the Law and Justice party won 36.8% of votes, securing 200 seats in Sejm, the lower house of parliament. Despite this victory for the Law and Justice party, exit
© Reuters. Investing.com– Most Asian currencies fell slightly on Monday, while the dollar retreated from recent peaks as investors continued to fret over any potential spillover from the Israel-Hamas war. Appetite for risk-driven Asian currencies remained fragile, while the dollar saw a smidge of profit taking after coming close to 10-month highs last week. Fears
© Reuters. Morgan Stanley has identified a potential risk to the sterling’s 5%-20% premium due to the persistent current account deficit in the UK, according to their analysis of the country’s trade data. The bank’s scrutiny comes ahead of the anticipated publication of the Pink Book. According to Morgan Stanley, the sterling could serve as
© Reuters Investing.com – The U.S. dollar slipped lower in early European trade Thursday, hovering near a two-week low ahead of the release of key U.S. inflation data. At 03:15 ET (07:15 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.2% lower at 105.377, just above the
© Reuters. Investing.com – The U.S. dollar edged lower in early European trade Friday, but remained near the previous session’s elevated levels after the release of sticky U.S. inflation data awakened the prospects of another Federal Reserve interest rate hike this year. At 03:10 ET (07:10 GMT), the Dollar Index, which tracks the greenback against
China’s central bank digital currency (CBDC), known as e-CNY, has expanded its pilot to 26 locations, a move that has been under way since 2019. This was revealed during a forum in Beijing, where the former governor of China’s central bank, Zhou Xiaochuan, detailed the evolution and potential future direction of the digital currency. Zhou
© Reuters The US dollar experienced a rally this week, buoyed by rising yields and persistent investor concerns over inflation, according to recent market data. This surge has led to a decline in equities and the Euro-US dollar () exchange rate falling below 1.06. The latest US inflation data did little to alleviate these fears
© Reuters. The US dollar, which had been weakening due to anticipated rate cuts in the midst of peak long-dated rates, rebounded on Thursday, driven by robust economic indicators. The Q4 Consumer Price Index (CPI) annualized at 3.79%, as reported by the Cleveland Fed’s nowcast, played a significant role in this turnaround. This shift in
