The South African rand continued its bullish momentum this week, even as trade relations with the United States deteriorated. The USD/ZAR exchange rate dropped to a low of 17.72, its lowest level since July 25, and 3.3% below this month’s high. South African rand surges despite risks The USD/ZAR exchange rate has slumped this month, […]
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A steep crypto crash happened on Friday, leading to one of the biggest bloodbaths in the industry this year. Bitcoin price crashed to a low of $106,867, down by over 11% from its highest level this year. Altcoin had a worse performance, with some of the top laggards being tokens like Ethena (ENA), Mantle (MNT), […]
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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 […]
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Stocks rose on Monday as optimism over a major regional bank merger and a surge in AMD shares offset concerns surrounding the ongoing government shutdown, now in its second week. The S&P 500 gained 0.3%, the Nasdaq Composite advanced 0.6%, and the Dow Jones Industrial Average added 55 points, or 0.1%. AMD jumped more than […]
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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 […]
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A crypto market rally is going on, with altcoins like Dash, Mantle, Aster, and Morpho going up by double digits. Dash price has jumped by over 50% in the last 24 hours, while MNT, ASTER, and Morpho have risen by over 30%. Bitcoin price has also surged from last week’s low of $108,000 to $115,500 […]
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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 […]
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The AUD/USD exchange rate and the ASX 200 Indices held steady on Monday morning as traders waited for the upcoming Reserve Bank of Australia (RBA) interest rate decision. The ASX 200 was trading at $8,840, a few points below the all-time high of $8,860. On the other hand, the AUD/USD exchange rate was trading at […]
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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, […]
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Following intensified attacks by Russia that caused widespread damage, Ukraine has restarted gas imports via a pipeline crossing the Balkan peninsula to Greece. This is to ensure its heating and electric systems can continue operating throughout the winter. The sustained and intensified campaign of Russian strikes against Ukraine’s natural gas infrastructure in October marked a […]
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