Keywords: Foreign exchange


Sterling edges higher against euro before Bank of England decision as dollar gains on geopolitical tensions

The British pound traded mixed on Thursday as investors positioned themselves ahead of the Bank of England's latest monetary policy announcement. While sterling strengthened against the euro, it retreated versus the U.S. dollar as heightened geopolitical tensions in the Middle East boosted demand......

Dollar falls in global markets as US strikes on Iran are paused

The US dollar weakened against major currencies at the start of the week as investors responded positively to the temporary suspension of American air operations against Iran and a decline in oil prices. The dollar index, which measures the performance of the US currency against a basket of six major......

Bolivia moves closer to IMF financing package worth up to $2.8 billion

Bolivia is on the verge of securing a major financial support package from the International Monetary Fund (IMF), a development that could strengthen the country's foreign currency reserves and unlock additional funding from international lenders. Economy Minister Gabriel Espinoza said an agreement......

India proposes broader foreign control rules to simplify investment framework

India is considering a significant update to its foreign investment regulations, with the Reserve Bank of India (RBI) proposing a broader definition of what constitutes foreign control of an Indian company. The draft reforms are intended to modernize the country's foreign exchange management framework......

Sterling strengthens as John Healey takes over as UK finance minister

The British pound posted modest gains on Tuesday after John Healey was appointed as the United Kingdom's new finance minister, with investors turning their attention to the government's fiscal strategy under recently appointed Prime Minister Andy Burnham. Sterling rose 0.15% against the U.S.......

Angola adds Chinese yuan to bank reserves in move to diversify foreign currency holdings

Angola has officially added the Chinese yuan to the list of foreign currencies that commercial banks can use to meet mandatory reserve requirements, marking a significant step in the country's efforts to diversify its financial system and strengthen monetary stability. The decision, announced by......

India attracts nearly $10 billion through RBI deposit scheme to strengthen rupee

India has secured nearly $10 billion in foreign currency inflows through a special deposit programme launched by the Reserve Bank of India (RBI), as authorities seek to reinforce foreign exchange reserves and support the stability of the Indian rupee, according to sources familiar with the matter. The......

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......