Keywords: Currency markets
The British pound traded above 1.34 against the US dollar on Thursday, building on its strongest annual performance since 2017 as divergent central bank policies and growing doubts over the Federal Reserve's independence weighed heavily on the greenback. In early Asian trading on January 2, the......
China's yuan has surged past the critical 7-per-dollar threshold in onshore trading for the first time since 2023, reaching 6.9960 on Tuesday amid evident concerns from authorities over the currency's sharp strengthening. This milestone reflects mounting pressures on Beijing to balance export......
India’s central bank has stepped in to defend the rupee after the currency plunged to a new record low against the U.S. dollar, marking one of its weakest stretches in recent years. The Reserve Bank of India (RBI) conducted a $5 billion foreign exchange swap auction on Tuesday, deploying one of......
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