The Philippine peso continued its strong downward trend and is now hovering near its all-time low as the country’s economy remains under pressure amid the ongoing US-Iran war. The USD/PHP exchange rate was trading at 60.65, a few points below the all-time high of 60.75. The Philippine economy is facing major headwinds The USD to
South Korea’s stocks have retreated sharply in the past few weeks as the impact of the ongoing US-Iran war continued. The Kospi Index dropped by over 3.3% on Tuesday, down by 20% from its highest point this year, meaning it has moved into a technical bear market. Kospi Index crashes amid South Korean exposure to
The South African rand has pulled back in the past two months as the ongoing US-Iran war disrupted the country’s economic growth. The USD/ZAR pair soared to 17.06, as the JSE All Share Index and gold prices slumped. South African rand and JSE All Share Index slumps The USD/ZAR exchange rate has rebounded because of
The US dollar may be poised for a decline as elevated energy prices, domestic policy risks and a rising risk premium chip away at its safe-haven appeal, according to a Reuters poll published on Tuesday. Nearly 70 foreign-exchange strategists surveyed by Reuters between 27 March and 1 April expect the euro to hold steady at
The US dollar strengthened on Thursday after President Donald Trump warned that American forces would continue striking Iranian targets for the next two to three weeks. The remarks did little to ease investor anxiety over a widening Middle East conflict. Attention now turns to the March jobs report, where analysts expect a modest rise in
India’s central bank has moved to shore up the rupee with a sweeping set of emergency measures,like capping banks’ currency positions, and banning rupee non-deliverable forwards, as the currency buckles under the weight of surging oil prices and the heaviest outflow of foreign capital from emerging markets in years. Why the RBI acted The rupee
The dollar rose on Thursday after US President Donald Trump described Iran as acting “crazy,” tempering expectations for a swift ceasefire that had briefly erased a two-day slide in the currency. The dollar index climbed to a session high of 99.925 before closing 0.3% stronger at 99.86, having earlier touched a three-week low as investors
The USD/CHF exchange rate continued its uptrend this week as demand for the US dollar remained. Still, the pair has formed a highly bearish chart pattern, pointing to more downside in the near term. US dollar is beating Swiss franc as the war continues The USD/CHF exchange rate is doing well as investors move to
The USD/INR exchange rate has pulled back in the past few weeks as the actions by the Reserve Bank of India (RBI) continued. The pair has dropped to 92.85, down by 2.45% from its highest point this year. So, what next for the Indian rupee as bond yields jump? Indian rupee jumps as bond yields
The British pound weakened on Monday, falling to its lowest level in more than three weeks against the euro and extending losses against the US dollar, as investors assessed the economic fallout from the Iran war. Sterling was down 0.15% at $1.324, marking its fifth consecutive daily decline against the dollar. The Euro rose 0.11%