The Indian rupee’s valuation against major global currencies has dropped to its lowest level in more than a decade, weighed down by rising crude oil prices and persistent foreign outflows. Data from the Reserve Bank of India’s latest bulletin showed that the rupee’s 40-currency real effective exchange rate (REER) fell to 92.72. The REER adjusts
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 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 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
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 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
For years, the currency pecking order looked relatively fixed. The US dollar dominated, the euro and yen anchored the traditional reserve complex, and commodity currencies were often treated as useful but cyclical side trades. That hierarchy is now being challenged as oil, energy security and geopolitical fragmentation take on much greater importance in global markets.
Sterling rose modestly on Thursday after stronger-than-expected UK economic data lifted sentiment, while markets also tracked developments around a potential peace deal linked to the US-Iran conflict. The pound was last up 0.1% at $1.3575. Against the British currency, the euro slipped 0.1% to 86.94 pence. UK growth beats expectations Britain’s economy expanded more sharply
The British pound took a breather on Wednesday after its longest winning streak in a year, slipping against the US dollar as improving sentiment around a possible resolution to the Iran war weighed on the safe-haven greenback. The dollar had fallen to six-week lows as investor optimism picked up, prompting some cooling in sterling’s recent
The British pound strengthened against the US dollar on Tuesday, reaching levels last seen before the Iran conflict, as investors grew hopeful about a potential resolution to tensions. Sterling rose 0.33% to $1.3548, marking a return to levels recorded just before the conflict escalated in late February. Against the euro, the pound remained largely unchanged