The USD/ZAR exchange rate remained in a narrow range this month, even as the US Dollar Index (DXY) continued its strong rally. This consolidation may end soon as South Africa’s inflation rises and a carry-trade opportunity emerges amid rising Fed and SARB divergence. South African rand in focus as inflation jumps A report by South
The Reserve Bank of India (RBI) on Wednesday announced a dollar/rupee buy-sell swap auction worth $5 billion with a tenor of three years, scheduled for May 26, as the central bank seeks to manage liquidity conditions amid continued pressure on the Indian currency. The RBI said the decision followed a review of current and evolving
The dollar steadied in early Asian trading on Tuesday after US President Donald Trump paused a planned military strike on Iran to allow room for negotiations. The greenback had gained support in recent sessions as investors sought safe-haven assets amid fears that escalating tensions in the Middle East could disrupt global energy supplies and fuel
The Indian rupee fell to a fresh lifetime low on Tuesday as mounting external pressures continued to weigh on the currency. Rising oil prices linked to the prolonged Iran conflict and higher US Treasury yields added to concerns surrounding India’s external balances. The rupee weakened to 96.44 per US dollar, breaching the previous record low
The British pound slipped on Tuesday after fresh labour market data showed a sharp slowdown in hiring activity across the UK, adding pressure on sterling and raising questions over the strength of the country’s economic outlook. According to data released by the Office for National Statistics (ONS), Britain’s employers reduced hiring and posted fewer job
The US dollar strengthened above 99.25, reaching its highest point since April 8, as investors reacted to rising geopolitical tensions and changing expectations around US monetary policy. The Greenback gained momentum heading into the European trading session, supported by heightened risk aversion and renewed speculation that the US Federal Reserve could keep interest rates higher
Some global investment banks have revised their forecasts for the Chinese yuan higher, citing the country’s export competitiveness and stable trade relations with the United States. The Chinese currency has steadily strengthened this year, rising nearly 3% against the US dollar to 6.8040 per dollar on Monday. The yuan has also gained about 2.6% against
The British pound rose on Monday but remained close to its lowest level since early April, as investors weighed growing inflation concerns linked to rising energy prices against deepening political uncertainty in the UK. Sterling climbed 0.4% to $1.337 during the session after earlier falling as much as 0.15% to $1.3304, its weakest level since
The US dollar strengthened this week, supported by rising US Treasury yields as resilient macroeconomic data and persistent inflationary pressures increased expectations of additional Federal Reserve rate hikes later this year. The US Dollar Index (DXY), which tracks the Greenback against a basket of major currencies, climbed to a five-week high of 99.20 at the
The British Pound weakened against the US Dollar for the fourth consecutive session on Thursday, as political uncertainty in the UK intensified and investors shifted towards the stronger US currency. Sterling was trading at 1.3337 against the Dollar at the time of writing, pressured by growing concerns surrounding instability within the UK government and fears