Forex

As the U.S. Dollar Index tumbles nearly 8.5% in 2025, it’s on track for the worst performance in over 30 years. This could have “profound implications” across asset classes and global markets, says analyst. What Happened: The X post shared by Otavio Costa, the macro strategist at...

Described by the management as the ‘strongest quarter ever,’ the shares of Uber Technologies Inc. (NYSE:UBER) plunged after its fourth-quarter earnings due to foreign exchange headwinds amid a stronger dollar and an earnings per share miss. What Happened: Uber missed its adjusted EPS of...

Discover the intricacies of OctaFX’s operations in India, the allegations it confronts, and its position in the international forex market. Indian authorities have recently raised concerns about several international brokers, including OctaFX (recently renamed to Octa), eToro, Exness, and XTB...

Deutsche Bank, in a recent report, compared the Japanese Yen with some of the world’s weakest currencies. What Happened: The report drew parallels between the weak fundamentals of the yen and those of the Argentine peso and the Turkish lira. It was authored by George Saravelos, Global Head of...

The U.S. dollar is currently on an eight-week winning streak, flexing its muscles to reach levels not seen since February 2023. While this surge may suggest imminent rate hikes, the latest Federal Reserve signals and economic data actually tell a different tale. The Dollar Index Takes Off The U.S...

India’s rupee is on the rise, tracking further losses in the U.S. dollar as the Federal Reserve’s outlook remains uncertain, Reuters reports. Why It Matters: The rupee has been strengthening against the dollar, a trend that could continue if the U.S. Federal Reserve maintains its dovish...

The slump in the Indian rupee’s volatility has traders worldwide questioning when the Reserve Bank of India (RBI) will ease its control, despite a global decrease in currency volatility. The RBI’s interventions have kept the rupee in a narrow range, leading to the lowest one-month...

The Malaysian ringgit’s slide towards a 24-year low has raised expectations that the Bank Negara Malaysia (BNM) will intervene to halt the decline. The currency has fallen more than 5% in the past three months, underperforming all its emerging Asian peers due to domestic political...

The Russian rouble has plummeted to its lowest value against the US dollar since Russia’s full-scale invasion of Ukraine, Financial Times reports. Impact of Failed Mutiny and SanctionsThe currency, which has lost a third of its value since December, traded at over RUB 90 per US dollar on...

The Indian rupee is expected to continue its decline following the release of the U.S. Federal Reserve’s June meeting minutes, which indicated the likelihood of more rate hikes this year, Reuters reports. Impact of Fed’s Decision Non-deliverable forwards suggest the rupee will open at...

China is reportedly sitting on a $6 trillion pile of money, half of which is “hidden,” posing a new kind of risk to the global economy, according to Brad Setser, a former US trade and Treasury official. The “Shadow Reserves” Setser states that a significant portion of China...