The United States closed the week with a mix of geopolitical tension, domestic political gridlock, and significant corporate developments. President Donald Trump issued a deadline for Hamas to accept a peace proposal, while Washington’s budget impasse extended the government shutdown. Meanwhile, Berkshire Hathaway restructured its leadership, Nissan announced a major recall, and the Federal Reserve […]
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The USD/INR exchange rate surged to 87.80 last week after Donald Trump unveiled his tariffs against India. It then quickly erased those gains and moved to a low of 87.20 after the weak US jobs numbers. It remains 4.10% above the lowest point this year. US and India trade relations The main catalyst for the […]
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US stocks edged lower on Tuesday as investors weighed the prospect of a federal government shutdown against an otherwise strong September for equities. The Dow Jones Industrial Average hovered just below the flatline, while the S&P 500 and the Nasdaq Composite each slipped 0.1%. Shutdown risks have added to broader concerns about a slowing labour […]
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Fraktion, a rapidly growing SaaS platform for the tokenization and management of real-world assets, has announced the acquisition of French fintech Pecule. The move seems to be aimed at accelerating its expansion and strengthening its foothold as the European leader in private asset tokenization and digital distribution. The acquisition marks a turning point for Fraktion […]
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The Nigerian naira is firing on all cylinders, mirroring the performance of the Kenyan shilling. The USD/NGN exchange rate plunged to a low of 1,497, its lowest level since March and 7% below the highest level this year. It has plunged by over 11.3% from its 2025 highs. Why the Nigerian naira currency is soaring […]
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Bitcoin took a nosedive on Friday, falling below $110,000 and wiping out a jaw-dropping $19 billion from the crypto market. The culprit? US President Trump’s surprise announcement of a 100% tariff on Chinese imports starting November 1, plus some new rules on critical software exports. Investors freaked out, worried a full-blown trade war was back […]
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The USD/ZAR exchange rate wavered after the Federal Reserve slashed interest rates for the first time this year. It was trading at 17.4280 up from the year-to-date low of 17.28. It remains down by nearly 13% from the YTD high. Federal Reserve interest rate decision The USD/ZAR exchange rate rose slightly after the Federal Reserve […]
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The Norwegian krone is in a strong bullish trend this month, helped by the ongoing dollar weakness. The USD/NOK pair plunged in the last six consecutive weeks and moved to its lowest level since January 2023. It is down by over 15% from the highest point this year. Norges Central Bank interest rate cut The […]
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From global politics to corporate megadeals and domestic economic shifts, Friday’s headlines capture major developments. Trump slams India-Russia-China summit ties. Thailand gets its third PM in two years amid political chaos. Musk eyes $1 trillion Tesla pay package tied to massive growth targets. US jobs market stalls with only 22,000 August additions, unemployment hits four-year […]
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Asian currencies dropped sharply on Friday, with South Korea’s won and Malaysia’s ringgit suffering the steepest declines, as US President Donald Trump announced sweeping new tariffs on imports from dozens of trading partners. The move sparked a retreat from riskier regional assets, highlighting investor anxiety about the direction of global trade policy. The South Korean […]
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