Currencies

Traders show little interest in the Greenback, volatility in the DXY tightens.  US President Trump is set to issue reciprocal tariffs for all countries on Wednesday.  The US Dollar Index trades stable in the green around 104.30, while looking for any sort of driver.  The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is consolidating this week with highs and lows coming in closer to one another at the 104.30 round level this Tuesday. Clearly, market participants are not fond of the...

Strong currencies are important in boosting economic resilience, attracting investment, and assisting overall growth. A stable currency creates economic stability by keeping inflation down and reducing exchange rate volatility.It also helps to serve as a cushion against economic shocks, preserving buying power and economic confidence. Below is a list of the top 10 best performing African currencies, according to the Forbes currency converter.10. Namibian Dollar: One pound sterling gives you 23.68 NAD9. South African Rand. One pound sterling gives you 23.55 ZAR8. Lesotho Loti: One pound sterling gives you 23.52LSL7....

A day before the US announced measures related to reciprocal tariffs, Moody’s on Tuesday said that India is relatively less susceptible to external financial shocks and will be the fastest-growing advanced and emerging economy.“India has a low external vulnerability indicator (EVI) of 61 per cent, indicating its relatively lower susceptibility to external financial shocks,” a report by Moody’s Ratings said. Further, this is supported by its relatively modest external debt-to-GDP ratio of 19 per cent and low export dependency on the US (about 2 per cent of GDP).Related StoriesIndia’s high tariffs,...

Here is what you need to know on Tuesday, April 1:Markets cling to a cautious stance on the first day of April as they await reciprocal tariff decisions from the US, which are expected to be announced at 19:00 GMT on Wednesday. In the European session, March inflation data from the Euro area will be watched closely and the US economic calendar will feature JOLTS Job Openings data for February and ISM Manufacturing Purchasing Managers Index (PMI) report for March. US Dollar PRICE Last 7 days The table below shows...

Hsin-Yi LoBBC News, South EastThe Lewes PoundLewes Pounds feature an image of the political writer and philosopher Thomas Paine, who lived in the townOne of the UK's best-known local currencies has announced it will be ending.The Lewes Pound was launched in 2008 by Transition Town Lewes to celebrate the East Sussex town and support its independent businesses.It is essentially a voucher that people can purchase at selected shops in the town, with one Lewes Pound being worth the same as one British pound.Susan Murray, a director of the Lewes Pound,...

Pepe (PEPE) memecoin approaches its descending trendline, trading around $0.000007 on Tuesday; a breakout indicates a bullish move ahead. Moreover, PEPE's long-to-short ratio supports a bullish thesis as bullish bets among the traders reach the highest over a month, aiming for double-digit gains on the horizon. Tron price defied the broader crypto market downtrend, surging 3% to $0.25 on Monday. This bullish momentum comes as stablecoin issuer Tether minted another $1 billion worth of USDT on the Tron network, according to on-chain data from Arkham. Meanwhile, market sentiment is shifting as the...

This content was published on April 1, 2025 - 06:01 (Bloomberg) — Asian shares snapped a multi-day losing streak amid increased volatility ahead of President Donald Trump’s tariff rollout plan. A regional gauge gained as much as 1.1% with stocks in Taiwan and South Korea rising the most. US equity-index futures slipped after the S&P 500 staged a late rally, showing markets remain under pressure. Gold hit a record high on demand for haven assets while the dollar strengthened marginally against most of the Group-of-10 currencies.  Traders got further details on...

BUENOS AIRES, April 1. /TASS/. Brazilian authorities support expansion of the use of national currencies in trade among BRICS countries and are ready to explore any opportunities of increasing their share in mutual payments, Secretary of the Finance Ministry Tatiana Rosito said. "The trade in local currencies is already underway, for example, between Brazil and China," she said in an interview with the BRICS Brasil 2025 web portal. "No obstacles exist to that on the side of Brazil," the official said. The desire of businessmen to use the US dollar...

THE 1932 foreign trade figures of the leading commercial countries afford an opportunity for speculation with regard to the effects of currency instability upon imports and exports. The trade of three countries with stable currencies -- France, Germany and the United States -- may be compared with that of two countries with depreciated currencies -- Great Britain and Canada. In theory, currency depreciation tends to stimulate exports and to check imports. Investigation shows that the exports of all the countries mentioned were less in 1932 than in 1931, but that...

In an annual letter to investors, BlackRock CEO Larry Fink warned that digital assets could offset America's economic advantage. Fink claims that the US Dollar risks losing its world reserve currency status to digital assets like Bitcoin. CoinShares' weekly report notes that crypto ETFs saw inflows of $225 million last week. BlackRock CEO Larry Fink stated in an annual letter to investors on Monday that the US national debt could cause the Dollar's global reserve status to be replaced with Bitcoin if investors begin to see the digital currency as...