Keywords: Foreign exchange


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......

Sterling rises against Euro and Dollar as market risk sentiment improves

The British pound sterling strengthened against both the U.S. dollar and the euro on Tuesday, supported by improving global market sentiment and a softer U.S. currency. The currency movement reflects renewed investor appetite for risk assets, as concerns over geopolitical tensions eased and expectations......

India’s Central Bank steps in to support the rupee amid global energy turmoil

Reserve Bank of India intervened heavily in the foreign exchange market during March after the Indian rupee came under strong pressure from rising global energy prices and financial uncertainty linked to tensions in the Middle East. According to official financial data, the central bank became a net......

Asia’s currencies are flashing oil shock alarm

Asian currencies are under increasing pressure as rising global oil prices trigger concerns about a wider financial and economic shock across the region. Several Asian economies, particularly major oil-importing countries, are facing significant currency depreciation as energy costs climb and global......

ABB India reports fourth consecutive profit decline amid rising costs

ABB India reported a fourth consecutive quarterly decline in profit as rising raw material prices, foreign exchange volatility, and higher operational expenses continued to pressure the company’s margins. The engineering and technology firm announced that profit from continuing operations fell......