Keywords: Foreign exchange


Tanzania strengthens foreign reserves with 28-ton gold acquisition

Tanzania has significantly expanded its official gold reserves, with the Bank of Tanzania purchasing approximately 28 metric tons of gold over the past 18 months as part of a broader strategy to reinforce foreign exchange reserves and support the national currency. According to central bank Governor......

Rupee pressure returns as Indian companies revive forex arbitrage trades

The Indian rupee has come under renewed pressure as companies increasingly exploit pricing gaps between domestic foreign-exchange markets and offshore non-deliverable forward (NDF) contracts, a strategy that is boosting demand for U.S. dollars and reviving a longstanding challenge for policymakers. Market......

Japanese Yen surges amid renewed market speculation over possible currency intervention

The Japanese yen posted a sharp rally against the U.S. dollar on Thursday, briefly climbing nearly 1% before giving back part of its gains, as traders reacted to growing speculation that Japanese authorities could be preparing to intervene in the foreign exchange market. The sudden move came while the......

South Korea signals close coordination with Japan as won faces persistent currency pressure

South Korea has stepped up coordination with Japan and other key international partners as authorities monitor growing volatility in foreign exchange markets, with a senior finance official warning that the South Korean won is trading well below levels justified by the country's economic fundamentals. The......

Coface reaffirms positive outlook for Morocco, highlighting strong economic fundamentals

The international credit insurance company Coface has reaffirmed its positive assessment of Morocco’s economic outlook, emphasizing the country’s ability to maintain stable financial and macroeconomic balances despite ongoing global uncertainty caused by geopolitical tensions and slowing......

Central banks signal historic shift in reserve strategies away from the US dollar

Central banks around the world are expected to gradually reduce the share of the US dollar in their foreign exchange reserves over the next decade, marking a significant shift in global reserve management strategies, according to a recent survey conducted by financial think tank OMFIF. The study suggests......

Sterling stabilises ahead of Andy Burnham’s closely watched economic speech

The British pound traded largely unchanged on Monday as financial markets awaited a key speech from Andy Burnham, who is widely expected to become the United Kingdom’s next prime minister. Sterling has experienced a challenging month, falling approximately 1.7% against the US dollar, placing it......

Euro Declines Against The US Dollar Amid Interest Rate Policy Uncertainty

The euro extended its losses against the US dollar in European trading on Monday, as financial markets reacted to shifting expectations over monetary policy decisions in both the United States and the eurozone. The US dollar continued to strengthen, supported by investor demand and growing speculation......

Bank Al-Maghrib reports stable reserves and recovery in Casablanca stock market

Morocco’s central bank, Bank Al-Maghrib, has reported stable foreign exchange reserves and a notable recovery in the national stock market, reflecting improving financial conditions and renewed investor confidence. According to recent data, the Moroccan dirham recorded slight fluctuations against......