Currencies

The US Dollar Index continues to advance as a federal court blocked Trump’s "Liberation Day" tariffs from taking effect.US Gross Domestic Product Annualized is expected to fall again by 0.3% in the first quarter.FOMC Meeting Minutes indicated that Fed officials broadly agreed that heightened economic uncertainty warranted a cautious approach to adjusting rates.The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its gains for the third successive day and trading more than 0.50% higher around 100.30 during the Asian...

MUMBAI: The Indian rupee is set to open weaker on Thursday, weighed by the dollar’s strength after a U.S. court blocked President Donald Trump’s tariffs. The 1-month non-deliverable forward indicated the local currency would open in the 85.48-85.52 range, compared to a close of 85.36 in the previous session. “When you think about it, it’s a bit counterintuitive that Asia is lower on the back of the U.S. court blocking tariffs,” a currency trader at a Mumbai-based bank said. “However, that’s been the pattern — tariffs imply weaker U.S. growth...

U.S. stock futures saw a boost while the dollar surged against traditional safe-haven currencies like the yen and Swiss franc after a federal court halted President Trump's proposed tariffs. The Trump administration is expected to make an appeal.The S&P 500 E-mini futures advanced by 1.5%, and the U.S. dollar gained 0.7% against the yen. According to Matt Simpson, senior market analyst at City Index, the involvement of the Supreme Court is likely, casting today's ruling as a temporary stop rather than a definitive conclusion. Investors, meanwhile, are relieved by...

Imagine someone who found secondary-school maths difficult being grilled about logarithms. That is how a lot of equity investors look if you ask them about currency risk. It is not because the question is novel: any client can spot that the share price of an overseas firm, or one doing business across borders, ought to depend on foreign-exchange (FX) rates. It is because it is easy to pose, but maddeningly hard to answer. Forecasting earnings is already a pain. It becomes much worse when the task is to make forecasts...

Go beyond buy-and-sell with the tightest and most stable spreads on gold*. Gold has been an omnipresent asset in central banks’ reserves for centuries. Its physical stability has contributed significantly to the precious metal’s appeal, which has surpassed the test of time. Unlike other metals, it doesn’t corrode, which makes it future-proof. In the trading and investment space, gold’s stability translates into safe-haven behavior, meaning its price holds even when other asset classes like stocks, bonds, or currencies depreciate. In times of uncertainty and high inflation, gold makes a good...

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The writer is the co-founder of Ethereum and chief executive and founder of Consensys, a blockchain software companyThe modern financial system is undergoing a foundational stress test. Decades of globalisation combined with increasingly fragile institutions have given way to a period of volatility marked by inflation shocks, debt overhangs and declining confidence in centralised authorities. Cross-border payments remain inefficient, sovereign currencies face growing scrutiny, and trust — long held together by central...

A new currency ranking has listed the top-performing currencies in Africa in May 2025, as the naira crashesThe list shows that the Tunisian dinar emerged as the continent’s strongest currency, trading at 2.95 dinars to the dollarAlso, the Ghanaian currency, the cedi, edged out some top performers, becoming one of the strongest currencies in Africa in May 2025 Legit.ng’s Pascal Oparada has reported on tech, energy, stocks, investment and the economy for over a decade.According to a new ranking, in April 2025, the Tunisian Dinar strengthened, emerging as Africa’s strongest currency...

Conduit, a cross-border payments firm that uses stablecoins, has raised $36 million in a Series A round to expand its global payment rails, the company said on Wednesday. The round was led by Dragonfly and Altos Ventures, with backing from Circle Ventures and Digital Currency Group among others.Founded in 2021, the Boston-based startup offers real-time payments that blend crypto infrastructure with traditional finance systems. Its platform supports both stablecoins and local fiat currencies, helping businesses in markets with limited dollar access or unstable currencies move money more efficiently.The firm claims...

The African Development Bank (AfDB) has projected that the Nigerian naira will depreciate by at least 6% between 2025 and 2026, citing growing global financial market volatility as a key factor.The outlook, published in the African Economic Outlook 2025, highlights the impact of global uncertainty on the stability of African currencies over the next year.The report comes just a week after Central Bank of Nigeria (CBN) Governor Olayemi Cardoso announced that volatility in Nigeria’s foreign exchange (FX) market has significantly declined, dropping below 0.5%.Cardoso attributed this improvement to monetary and...

The digital era has opened up a new front—a one in which economies are being constructed not using physical goods or traditional money, but digital currency and virtual transactions. In India, one of the world's fastest-growing digital economies, this revolution is now maturing in the form of the Metaverse and cryptocurrencies. They're jointly constructing a new kind of economy—an immersive, decentralized, and rapidly-growing universe outside of gaming or social media.What Is the Metaverse?The Metaverse is a virtual universe that has humans connected and living along with their avatars, attending events,...