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The Swedish krona held steady against the US dollar after the Riksbank delivered its interest rate decision on Tuesday. The USD/SEK pair was trading at 9.34, down about 17% from the highest level in December last year. Riksbank interest rate decision  The USD/SEK exchange rate continued falling on Tuesday even as the Riksbank delivered another […]

The USD/TRY exchange rate continued its strong rally this week, even as the US Dollar Index (DXY) continued its downtrend. The pair was trading at a record high of 41.6850, much higher than the year-to-date low of 35. Turkish inflation is surging  The USD/TRY exchange rate continued soaring on Friday after the Turkish statistics agency […]

Gold price and the Swiss franc are soaring this year, while the US Dollar Index is plunging as investors embrace their role as safe haven assets amid soaring risks. The USD/CHF exchange rate plunged to 0.7964, down from 13.50% from the year-to-date high, while gold price has jumped to $3,865. Gold has jumped by almost […]

The Indian rupee continued its strong downward momentum, reaching its all-time low as concerns about the economy persisted. The USD/INR exchange rate soared to 88.7, up by almost 6% from its lowest level in April this year. Why the Indian rupee is plummeting The USD/INR exchange rate has been in a strong uptrend this year, […]

The USD/THB exchange rate has been in a strong downward trend this year despite the ongoing weakness in the Thai economy. The pair was trading at 22.37 on Monday, down by 13% from its highest level in 2024. This article explores some of the top reasons why the Thai baht is in a strong uptrend […]

The AUD/NZD exchange rate continued its strong rally, reaching a three-year high as concerns about the Reserve Bank of Australia (RBA) rose. The pair soared to a high of 1.1310, in its eighth consecutive week, up by over 6.16% from its lowest level in June this year.  RBA and RBNZ divergence continues The AUD to […]

The relentless US Dollar Index (DXY) sell-off experienced earlier this year has faded, and many hedge funds are betting in its comeback in the fourth quarter. The DXY Index was trading at $98.7 on Thursday morning, up from the year-to-date low of $96.24.  Why the US Dollar Index has plunged this year  The US Dollar […]

Argentina’s financial markets remained under pressure from persistent exchange rate pressures on Wednesday, as the squeeze on the Treasury accelerated due to the erosion of revenue from a special liquidation scheme with agricultural exporters. The Ministry of Economy has sold almost $1.6 billion over the past six sessions to support the weakening peso, according to […]

The Nigerian naira has staged a strong comeback this year, helped by the substantial demand for it bonds, falling US dollar, and supportive technicals. The USD/NGN exchange rate was trading at 1,487 on Thursday, down from the year-to-date high of 1,609. The Nigerian naira has surged amid carry trade bets One reason why the Nigerian […]

The EUR/USD exchange rate wavered on Friday as investors reflected on the final estimate of the US GDP data and a new report on European inflation by the European Central Bank (ECB). It was trading at 1.1680, down by 2% from the year-to-date high. US PCE inflation data ahead  The EUR/USD pair wavered after a […]