RBI Virtual Currency Circular 2018
The Reserve Bank of India’s Prohibition on dealing in Virtual Currencies (VCs) circular was an April 6, 2018 central-bank direction...
Currencies
Currency Shifts Amid U.S.-Iran Tensions and Japan’s Economic Challenges
The dollar slipped from a one-week peak after a string of daily gains, as tensions between the U.S. and Iran...
Dollar Slightly Lower as the Yen Recovers
British Pound, European Euro, American Dollar and Japanese Yen Currency by Virrage Images via Shutterstock The dollar index (DXY00) is...
EUR/USD, GBP/USD, and USD/CHF Forecasts – US Dollar Dominates on Rate Yields
EUR/USD Technical Analysis EUR/USD daily chart, slipping near 1.1410 toward the 1.1400 level. Source: TradingView The euro has rallied slightly...
Pakistan Seeks $10 Billion U.S.Currency Support Facility, Reuters Reports
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ECOWAS reaffirms plans to launch single currency in 2027
ECOWAS is forging ahead with plans for a single currency. The legal registration of the ECO trademark is progress, but...
Indian rupee keep sliding | India reels in more than $20 billion from diaspora but rupee keeps sliding on Middle East turmoil
The rupee is back in trouble. Just weeks after New Delhi launched one of its most aggressive campaigns to attract...
Ringgit ends higher vs US dollar, other currencies amid rising oil prices
KUALA LUMPUR: The spike in crude oil prices helped lift the ringgit, which finished higher against the US dollar and...
Pakistan seeks $10bn U.S. currency support
Pakistan has asked the U.S. for a $10 billion exchange stabilisation facility, according to a source briefed on the matter. If approved, the funding would bolster the country's foreign exchange reserves and provide a major boost to its cash-strapped economy. Details of the request According to the source, Islamabad has asked U.S. Treasury Secretary Scott Bessent for a bilateral Exchange Stabilisation Support Facility between the U.S. and the Pakistani government worth $10 billion, with a maturity of up to five years.
If approved, the facility would strengthen Pakistan's...
Market Minute: Yen heading toward 170 on the dollar
Rational overshooting in the foreign exchange market will most likely send the yen to 170 or above versus the dollar...
