The Nigerian naira has done relatively well this year, despite the recent sell-off in emerging markets currencies amid the US war against Iran. The USD/NGN exchange rate dropped to 1,358 on April 10, down by 20% from its highest point in 2024. Why the Nigerian naira has soared There are at least three main reasons
The British pound edged lower on Friday but remained on track for its strongest weekly performance in three months, supported by easing geopolitical tensions following a US-Iran ceasefire agreement. Sterling slipped 0.15% to $1.342 during the session. Despite the modest decline, the currency was set to post a weekly gain of 1.7%, marking its biggest
The Indian rupee was poised to strengthen on Wednesday after a two-week ceasefire agreed between Iran and the US triggered a sharp fall in oil prices and lifted risk sentiment across Asian markets. The truce prompted the reopening of the Strait of Hormuz and offered oil-importing India a significant measure of relief after weeks of
The pound rose on Friday after the United States and Iran agreed to a two-week ceasefire. The ceasefire sparked optimism across financial markets, particularly as oil prices declined sharply, easing concerns around inflationary pressures. Sterling rose 1% on the day to trade at $1.342, marking its highest level since March 23. The currency is now
The British pound edged higher against the US dollar on Thursday, retaining most of the gains recorded in the previous session following a ceasefire agreement between the United States and Iran. However, uncertainty surrounding the durability of the deal limited further upside in sterling. The pound was last trading 0.1% higher at $1.3407, remaining well
The Indian rupee was expected to trade in a narrow range around 93 to the dollar on Tuesday as the Reserve Bank of India continued to support the currency following a period of sharp volatility that had driven it to record lows. The central bank’s intervention has provided a floor, but geopolitical uncertainty and elevated
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 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 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%
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