The British pound rose marginally against the US dollar on Friday but remained on track for a weekly loss, as geopolitical uncertainty and cautious market sentiment continued to weigh on currency movements. Sterling was up 0.1% at $1.348, as broader foreign exchange markets remained largely range-bound. However, despite the modest daily gain, the currency was
The Brazilian real has embarked on a strong bull run that has pushed it to the highest level since March 2024. The USD/BRL pair has plunged by over 21% from its highest point in December of 2024. So, what next for the Brazilian currency? Why the Brazilian real has soared There are a few reasons
The British pound edged lower against the US dollar on Thursday, as investors moved towards safe-haven assets amid concerns over a fragile ceasefire in the Middle East. Sterling slipped slightly to $1.349, marking a 0.17% decline for the week. The move reflects broader risk aversion in global markets, where the US currency attracted inflows as
The US dollar steadied near a one-week high in early Asian trade on Wednesday as investors raised fresh doubts about the durability of President Donald Trump’s announcement that the Iran ceasefire would be extended indefinitely. That scepticism, combined with hawkish-leaning remarks from Federal Reserve chair nominee Kevin Warsh and a record jump in US retail
The British pound was little changed on Wednesday as markets continued to assess uncertainty surrounding the Middle East conflict. The muted movement came even after US President Donald Trump indefinitely extended a ceasefire with Iran. However, clarity remained elusive. It was not immediately clear whether Iran or Israel, a key ally of Washington in the
The USD/ZAR exchange rate remained under pressure this week as traders waited for the upcoming South African inflation report, which will provide more information on what to expect from the country’s central bank. It was trading at 16.3600, much lower than the year-to-date high of 17.2350. South African rand steady ahead of inflation report The
US President Donald Trump said on Tuesday that Washington is considering financial support measures for the United Arab Emirates, including a potential currency swap arrangement, as geopolitical tensions linked to the Iran conflict raise economic risks across the Gulf region. Speaking in an interview with CNBC, Trump confirmed that discussions around a swap line were
The US dollar strengthened to a one-week high against major currencies on Monday, only to give up some of its gains as renewed tensions between the United States and Iran prompted investors to seek safe-haven assets. The move followed developments over the weekend. The United States said on Sunday that it had seized an Iranian
The Indian rupee edged higher in early trading on Monday, supported by mild dollar selling from foreign banks. However, traders indicated that the upward move may remain limited due to elevated crude oil prices and continued importer hedging demand. The rupee was quoted at 92.82 against the US dollar, marking a 0.1% gain from its
The British pound edged lower on Monday as escalating tensions between the United States and Iran pushed investors towards the safe-haven US dollar. The renewed geopolitical uncertainty raised concerns that a fragile two-week ceasefire could collapse, weighing on risk sentiment across markets. Sterling was last down 0.1% at $1.3503 as the dollar strengthened. Meanwhile, the