Indian rupee weakens to lifetime low
Credit: PixabayThe Indian rupee slipped to its all-time low on Friday as the dollar stood firm ahead of closely watched U.S....
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Bank of Japan yen intervention: A short history
The Japanese yen has been under pressure in the past few years as markets focused on the wide U.S.-Japan interest...
Why is the Japanese yen so weak?
Japan’s yen is at three-decade lows and under enough pressure to prompt strong official warnings of intervention to prop it...
Analysis-Currency Markets Are in a Deep Freeze. Rate Cuts and Trump Could Thaw Them
By Harry Robertson and Alun JohnLONDON (Reuters) - Traders and investors are looking to global interest rate cuts and a...
EM Forex to Struggle While Fed Stays Cautious on Rate Cuts
By Vivek Mishra and Vuyani NdabaBENGALURU/JOHANNESBURG (Reuters) - Emerging market currencies won't stage significant recoveries against the dollar in the...
Zimbabwe Needs Predictable Policy to Support Currency, World Bank Says
HARARE (Reuters) - Zimbabwe needs to make its fiscal and monetary policy more predictable to instil confidence in its depreciating currency, a senior World Bank official said on Friday.It could make progress by moving away from the central bank's "quasi-fiscal operations", Victoria Kwakwa, the World Bank's Regional Vice President for Eastern and Southern Africa, told Reuters in an interview.She did not spell out what those operations were, but the International Monetary Fund said last month the central bank should reduce its non-core activities, which have included printing money and borrowing...
US House Forms AI Task Force as Legislative Push Stalls
WASHINGTON (Reuters) - Leaders of the U.S. House of Representatives said Tuesday they are forming a bipartisan task force to explore potential legislation to address concerns around artificial intelligence.Efforts in Congress to pass legislation addressing AI have stalled despite numerous high-level forums and legislative proposals over the past year.House Speaker Mike Johnson, a Republican, and Democratic Leader Hakeem Jeffries said the task force would be charged with producing a comprehensive report and consider "guardrails that may be appropriate to safeguard the nation against current and emerging threats."Generative AI - which...
What Is a BRICS Currency, and Could One Be Adopted?
JOHANNESBURG (Reuters) -Brazil's President called on Wednesday for the BRICS nations to create a common currency for trade and investment...
India Urges Banks to Use Rupees, Durhams in UAE Trade
India's central bank is asking lenders to promote local currencies when trading with the UAE, Reuters reported. The idea is...
Russia Says There’s a Problem With Billions of Rupees It Has in India
Russia has accumulated billions of rupees that are sitting in Indian banks. But Moscow acknowledged that it's a problem and...
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