China's yuan strengthened on Monday (Oct. 14), after a breakthrough in the US-Chinese trade talks. The onshore spot market opened at 7.0827 per dollar and touched 7.0494 at one point in morning trade, a level last seen on Aug.19.
Argentina, Latin America’s third-largest economy, imposed currency controls on Sunday (Sept. 1) amid a debt crisis that has battered the peso.
Investors continued to flock to the Swiss franc in search of a safe haven on Friday (Aug. 9) as the US-China trade war escalation did not abate.
The New Zealand dollar fell on Tuesday (23 July) after the Reserve Bank of New Zealand (RBNZ) was reported to be taking another look at its strategy for “unconventional monetary policy.”
The US dollar slipped for a third consecutive day on Friday (July 12) as data showing an unexpected increase in consumer price inflation in June, failed to shake investors' convictions that the Federal Reserve will deliver a rate cut as early as this month.
The Australian dollar climbed against its major counterparts in the Asian session on Thursday (June 27), as major stock markets in the Asia-Pacific region rose following news that the US and China agreed to a tentative truce in their trade war ahead of the G20 leaders' su
South Africa's Rand (ZAR) rose by 2% against both the British Pound and the U.S. Dollar on Tuesday (June 18), with a global rally ignited by dovish commentary from European Central Bank (ECB) President Mario Draghi.
The Indian rupee, one of Asia's worst performing currencies last year, advanced on Thursday against the U.S. dollar, after the Reserve Bank of India (RBI) cut key policy rates for the third time in just four months and signaled more easing ahead.
The British pound remained on the back foot versus a basket of major peer currencies into Friday's session, as Brexit jitters continue to dent investor sentiment.
The Brazilian real will turn more unstable as it becomes increasingly exposed to a pending discussion of a plan to overhaul the country’s costly social security system that is proving hard to sell in a divided Congress, a Reuters poll showed.