India and Japan inked a $75 billion bilateral currency swap agreement during Prime Minister Narendra Modi’s ongoing visit to Tokyo, the Indian government announced on Monday.
The pound hit a four-month high versus the euro on Tuesday and added to gains against the dollar on Wednesday as markets digested media reports that EU and UK authorities could reach a Brexit deal as early as next week.
There was a notable rise in the euro on Monday after European Central Bank (ECB) President Mario Draghi claimed that underlying inflation is set to rise in Europe as a result of a tightening labour market.
Escalating trade war concerns and higher U.S. interest rates have pushed an index of emerging currencies almost 7 percent lower this year, according to Reuters.
The Argentinian peso lost 20 percent in value against the dollar in just two days.
The Turkish lira tumbled nearly 5 percent against against the U.S. currency on Monday as markets reopened after the week-long Muslim public holiday of Eid al-Adha.
Mexican peso, the world’s eighth most-traded currency, surged on Tuesday by the most in over two years, lifted by an emerging markets rally and soothing words from Andres Manuel Lopez Obrador, the country's newly elected president.
Swiss voters are heading to the polls on June 10 for a referendum on whether the wealthy Alpine nation should give the central bank of Switzerland (SNB) the sole authority of "creating money”.
The euro is set on Friday for its fifth successive weekly decline versus the dollar, in what would be a first for the currency since 2015, as investors continue to keep a close eye on the political situation in Italy, euro zone’s third-largest