Currencies News and Headlines
Currencies News and Headlines
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Every morning
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Deutsche Bank expects the Federal Reserve to keep its policy rate unchanged at the March 2024 meeting, with only modest tweaks to the post‑meeting statement. The bank says the Fed will downplay volatile payroll data and instead spotlight rising geopolitical tensions and oil price volatility as near‑term inflation drivers. By emphasizing these risks, the Fed is likely to maintain a neutral‑to‑hawkish tone, supporting a strong dollar and elevated short‑end yields. Jerome Powell is not expected to signal any shift in the policy trajectory.
The People’s Bank of China (PBOC) set the USD/CNY reference rate at 6.8909 for the current session, modestly above the 6.8798 market estimate. The central bank maintains the yuan’s daily fluctuation band at plus or minus 2% around this midpoint....
India's banking system liquidity surplus shrank to ₹75,483 crore after a ₹2 lakh crore advance‑tax outflow, pushing overnight money‑market rates to 5.31 %. The RBI responded with a 7‑day variable‑rate repo, but attracted only ₹48,014 crore in bids. Simultaneously, the central bank sold over $15 billion...
On March 17 the Reserve Bank of Australia lifted the cash rate by 25 basis points, marking its second straight increase and a sharp reversal from the gradual easing path pursued throughout 2025. The hikes respond to inflation running above...
The European Central Bank’s digital euro proposal aims to cement Europe’s digital sovereignty and foster fair competition ahead of a potential 2029 launch. Advocates argue that the CBDC must be sovereign, public, and inclusive to win trust from citizens and...
The Indian rupee slipped to a provisional all‑time low of 92.40 per U.S. dollar, down 12 paise, as rising Brent crude prices and sustained foreign institutional investor outflows weighed on the currency. The decline was amplified by geopolitical tension in West...
The Swiss National Bank (SNB) is expected to keep its policy rate at 0% as inflation remains near‑zero, hovering between 0.1% and 0.3% year‑on‑year. Recent forecasts show a modest rise to 0.2% in 2026 and 0.8% by mid‑2028, supporting a...
ING’s research team released its latest foreign‑exchange forecast table on 16 March 2026, drawing on Refinitiv data and internal modeling. The outlook covers major pairs such as USD/EUR, GBP/USD, and emerging‑market currencies, highlighting expected rate movements through the year. Analysts attribute the...
Global FX derivatives daily turnover hit $6.6 trillion in April 2025, about double the 2013 level. While FX swaps still dominate, outright forwards and options are growing fastest, reshaping product composition. Trading remains concentrated in London, though Asia‑Pacific’s share is rising and...
Global corporates are confronting a pronounced mismatch between their Renminbi (RMB) operating exposure and the currency composition of their debt. While roughly a quarter of revenues and costs are RMB‑denominated, only 14% of corporate debt is issued in the currency,...
KCM Trade, a global CFD broker, has introduced KCM Trade Copy, a mobile copy‑trading platform now available on iOS and Android. The app lets clients automatically mirror the trades of vetted Master Traders in real time, with adjustable lot sizes,...
The European session shows little catalyst, keeping markets rangebound while traders monitor the escalating US‑Iran conflict in the Strait of Hormuz. In North America, the spotlight shifts to Canada’s CPI release, with the Trimmed Mean inflation rate projected at 2.3%...
Zeal Group, the London‑based FX and CFD broker behind the Traze brand, has appointed Ahmed Pasha as Global Head of Risk and Trading. Pasha arrives after a seven‑year stint at Equiti Capital, where he most recently led Trading Analytics, and...
Bangko Sentral ng Pilipinas (BSP) is unlikely to raise interest rates immediately despite oil prices breaching $100 per barrel. Inflation remains modest at 2.4%, within the central bank’s 2‑4% target, and the BSP recently cut its policy rate to 4.25%...
The Federal Reserve’s March 18 meeting may break the recent easing trend as traders assign a roughly 25% probability to a rate hike, driven by a sharp oil‑price surge linked to the Iran conflict. Chief economist Carl Weinberg warns that...
The Bank of England’s Monetary Policy Committee is expected to keep the base rate unchanged at 3.75% as the Middle‑East war fuels higher energy prices and fresh inflation risks. Economists had pencilled in a rate cut after January’s inflation dip...
The FCA barred Kasim Garipoglu, the Trive owner, for honesty and integrity failures, prompting heightened regulatory scrutiny across the FX and CFD sector. Quadcode secured a significant strategic stake in Game 7, the parent of FPFX Tech, bolstering its foothold in prop‑trading...
Global central banks are preparing to evaluate the economic fallout from the two‑week US‑Iran conflict. In the coming week, policymakers from the United States, Eurozone, United Kingdom, Japan and other major jurisdictions will announce decisions that could signal a new...
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The U.S. dollar remains the dominant global reserve currency, accounting for about 57% of disclosed reserves in Q3 2025, down from a peak of 72% in 2001. IMF data show the euro (20%), yen (6%), pound sterling (5%), Canadian dollar (3%)...
Japan and South Korea’s finance ministers voiced serious concern over the sharp depreciation of the yen and won, saying they stand ready to act against excessive foreign‑exchange volatility. The yen slipped to its lowest level in 20 months, hovering near...
The Peterson Institute for International Economics hosted a high‑profile conversation titled “Decentering the Dollar,” featuring former Dutch central bank governor Klaas Knot and renowned economist Maurice Obstfeld. The panel examined how the Trump administration’s trade and geopolitical shifts could undermine...
The Bank of Japan is expected to keep its policy rate at 0.75% at the March 2026 meeting, postponing any hike until at least April. Market participants cite heightened volatility from the Iran‑Israel conflict and surging energy prices as key...
Barclays economists now expect the Federal Reserve’s first rate cut in September 2024, pushing the next reduction to March 2027. This postpones the earlier June and September 2024 cuts the bank had forecast. Market pricing has collapsed to just 22.5...
India’s foreign‑exchange reserves dropped to $716.81 billion for the week ended March 6, a decline of $11.68 billion from the prior week—the steepest fall in more than a year. The Reserve Bank of India sold roughly $6.1 billion of dollars to defend the rupee...
The Reserve Bank of India purchased a record 572.10 billion rupees (about $6.2 billion) of government bonds in the week ending 6 March, marking its third straight week of net buying. The purchases are part of a broader liquidity infusion strategy aimed at...
Nigeria’s central bank, under new governor Olayemi Cardoso, has shifted back to orthodox monetary policy after a period of development‑bank‑style interventions. Since taking office in October 2023, Cardoso led a tightening cycle that pushed the policy rate to a record...
Barry Eichengreen’s new book *Money Beyond Borders* traces the rise and fall of global currencies from ancient coinage to modern digital assets, using history to assess the U.S. dollar’s waning dominance. He argues that geopolitical tensions, mounting U.S. debt, and...
The Reserve Bank of India has drafted a rule requiring foreign‑bank branches in India to report all non‑deliverable forward (NDF) contracts to the Clearing Corporation of India Ltd. The proposal mandates disclosure of notional values, counterparties, maturities and settlement dates,...
AUD/USD dropped more than 1% from its multi‑year peak as the U.S. dollar rallied on heightened safe‑haven demand. Inflation expectations in Australia rose to 5.2%, prompting markets to price a 78% chance of a 25‑basis‑point RBA hike at the March...
The Japanese yen slipped to a fresh low of 124.78 per Singapore dollar, driven by a sharp rise in oil prices linked to the escalating Middle East crisis. Oil breached the $100‑a‑barrel threshold, pushing Japan’s import bill higher and prompting...
In the inaugural Gundlach Unlocked webcast, DoubleLine CEO Jeffrey Gundlach warned that inflation is likely to stay above the Fed’s 2 % target, long‑term rates remain elevated despite recent cuts, and the U.S. dollar may enter a weaker phase. He outlined...
The Central Bank of Turkey kept its one‑week repo rate at 37% and left the interest‑rate corridor unchanged at 35.5%‑40%, signaling a pause amid heightened global risk and rising energy prices. In its statement the bank shifted away from an...
The Central Bank of Solomon Islands (CBSI) announced an accommodative monetary stance for the next six months, introducing a new policy rate of 1.5% as a primary signal to the market. Growth for 2025 was revised up to 3.6% and...
In a keynote at the IMF‑Bank of Thailand “Asia in 2050” conference, Bank of Korea Governor Chang Yong Rhee highlighted Asia’s remarkable economic transformation since 1991. Per‑capita GDP across the region has risen nearly eightfold, lifting more than 1.2 billion people...
The Bangko Sentral ng Pilipinas (BSP) received a Central Banking Publications award for its modern approach to foreign‑reserve management. The accolade recognizes the bank’s recent overhaul of its reserve‑management framework, featuring a refreshed strategic asset allocation, active risk‑management techniques, and...
Turkey's current account posted a $6.8 bn deficit in January, far above the $4.8 bn forecast and analysts' $5.4 bn estimate. The gap was amplified by the Central Bank of Turkey's methodological change, which has retroactively added $8.9 bn to interest‑payment calculations since September 2020....
Tiff Macklem warned that the financial system’s growing reliance on non‑bank players is creating new systemic vulnerabilities, especially through hedge‑fund leveraged trading in sovereign bonds and the rapid expansion of private credit. He highlighted that hedge funds now purchase up...
First Deputy Governor Sabine Mauderer presented the Deutsche Bundesbank’s 2025 Annual Report, highlighting a net equity rise to €363 billion and a gold revaluation reserve of €387 billion. The bank’s loss for the year was more than halved, signalling a clear improvement...
The Japanese yen slipped to roughly 159 per dollar on Thursday, its weakest level since mid‑January, as oil prices surged past $100 a barrel. Despite a recent release of foreign‑exchange reserves aimed at supporting the currency, the yen continued to...
Chinese exporters are scrambling to hedge yuan appreciation, driving a record $39 bn net foreign‑currency sell‑off in January and $100 bn dollar net sales in December. Regulators have issued informal "window guidance" urging banks to lift corporate hedging ratios to roughly 40 %...
India’s central bank faces mounting pressure to pause its rate‑cut cycle as West‑Asia oil price shocks reignite inflation concerns. A surge in Brent crude, coupled with fading food‑price base effects, threatens to push consumer inflation above the RBI’s 4% target....
The European Central Bank heads into its March 18 meeting facing a sharp shift in the macro backdrop as the Middle East war drives oil prices higher, removing any realistic chance of further rate cuts. Instead of fine‑tuning inflation forecasts,...
China’s central bank has allowed the renminbi’s daily fixing volatility to surge to its highest level since December 2024, signalling a tolerance for two‑way price swings. The People’s Bank of China set the reference rate at 6.89 yuan per U.S. dollar,...
Barbara Pozdorovkina, Chief Growth Officer of LMAX Group, outlines the firm’s shift from a pure FX venue to a global, cross‑asset marketplace that blends traditional finance with digital assets. She highlights the accelerating convergence of stablecoins, blockchain settlement, and 24/7...
China’s e‑CNY has processed roughly $2.37 trillion in transactions over the past two years, buoyed by explicit government backing and a blanket ban on private cryptocurrencies. The digital yuan now anchors Project mBridge, a cross‑border payment network that has expanded to...
Bangko Sentral ng Pilipinas Governor Eli Remolona Jr. warned that monetary policy has reached the limit of its effectiveness as the Philippine economy faces deep‑seated structural problems, not just liquidity shortages. Simultaneous shocks from oil prices above $100 per barrel...
The USD/CHF pair slipped below its 100‑hour and 200‑hour moving averages, turning the short‑term bias bearish. During the Asian‑Pacific session the price briefly crossed the 200‑hour MA but stalled in a resistance zone between 0.7785 and 0.7793, allowing sellers to...
Bloomberg Index Services announced that its Bloomberg FX Fixings (BFIX) benchmark will incorporate transaction data from Euronext FX’s spot foreign‑exchange and precious‑metals markets. The addition expands BFIX’s data pool, aiming to enhance the benchmark’s robustness, transparency, and representativeness across global currency...
The U.S. dollar showed little movement against the euro and yen while slipping slightly versus the pound after yesterday's volatility. Crude oil traded above the $90 psychological barrier, signaling continued bullish pressure. U.S. Treasury yields edged lower, with the 2‑year...
