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 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 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 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 Japanese yen continued its downtrend this week, raising the possibility that the Bank of Japan (BoJ) will intervene as it nears a crucial level. The USD/JPY exchange rate was trading at 159.60, a few points below the all-time high of 161.95. It has soared by over 14.3% from its lowest point last year. Why
The Brazilian real strengthened on Monday, recovering from recent losses as global risk sentiment improved, with the currency appreciating to around 5.22 per US dollar. The rebound followed US President Donald Trump’s decision to delay planned strikes on Iranian energy infrastructure, a move that eased geopolitical tensions and triggered a shift in currency markets. The
The Brazilian real extended its recent slide, weakening toward 5.3 per US dollar as investors reassessed both domestic and global risks. The currency’s depreciation reflects a combination of internal liquidity concerns and external pressures, including heightened geopolitical tensions in the Middle East and a stronger US dollar weighing on emerging market currencies. Recent data and
The South African rand is staging a comeback this week, paring back some of the recent losses that started in February. The USD/ZAR exchange rate dropped to 16.62, down modestly from this month’s high of 16.96. So, will the pair continue falling or rebound ahead of the South African Reserve Bank (SARB) and Federal Reserve
The Russian ruble continued its recent downtrend against the US dollar, even as the country became a major beneficiary to the ongoing Iran war. The USD/RUB exchange rate rose to 80.33, its highest level since January 9, and 7.15% from its lowest level this year. Russia is receiving a windfall as the Iran war continues
The EUR/USD exchange rate continued its strong downward trend, reaching its lowest level since November last year. It dropped to 1.1495, down sharply from the year-to-date high of 1.2080. This retreat may continue as the Iranian war continues. Europe pressured as war in Iran pushes energy prices higher The EUR to USD exchange rate has