Currencies

Currencies

Settlement in national currencies on BRICS agenda

Moscow , July 2 (ANI): As anticipation builds for the upcoming BRICS Summit scheduled for 6-7 July, Brazilian academic Lier Pires Ferreira has outlined the forum's key focus areas. Speaking to Toda Palavra, a media partner of TV BRICS, the professor from the BRICS Research Centre at the Federal University of Fluminense described the outlook as "favourable," highlighting that the meeting will address major political, economic, and social priorities shared by member states.AdvertisementFrom a political perspective, Ferreira said the summit will underline the importance of safeguarding multilateralism and reforming global...
Currencies

Asian Currencies Slip as Dollar Steadies Amid Fed Rate Cut Bets and Trade Tensions

Asian currencies weakened on Wednesday as the U.S. dollar stabilized near three-year lows, driven by market attention on the Federal Reserve’s potential rate cuts and U.S. trade policy deadlines. The dollar’s gains were limited by rising expectations that the Fed may cut interest rates by September. Treasury Secretary Scott Bessent and Goldman Sachs both anticipate a rate reduction, while the CME FedWatch tool shows a 73.2% probability of a 25 basis point cut. However, Fed Chair Jerome Powell remains cautious, citing inflationary uncertainty from President Trump’s trade tariffs. The Japanese...
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