Currency News - Page 11
428 articles
Gold's 3% Drop Tests Crédit Agricole's $5,000 Year-End Forecast
A sharp gold selloff following Fed Chair Warsh's remarks has challenged Crédit Agricole's bullish $5,000 target, but the bank maintains its outlook, citing fiscal risks, Treasury policy, and global reserve diversification as key drivers
Dollar-Yen Returns Above 160 as Japan's Record Intervention Falters
Japan's largest-ever currency intervention has failed to keep the yen from weakening, with the dollar-yen rate climbing back above 160. Analysts warn that without policy changes, further interventions may have only short-lived effects
Australian Dollar Outlook Shifts as Goldman Sachs Expects RBA Rate Hike
Goldman Sachs now forecasts the Reserve Bank of Australia will raise its policy rate to 4.60% in November after a broader-than-expected inflation surprise, supporting the Australian Dollar even as global market volatility continues
Collectors Divided Over New Semiquincentennial Dollar Coin Release
The upcoming Semiquincentennial dollar coin, featuring a living president, has sparked strong reactions among collectors, raising questions about tradition, precedent, and the future of U.S. commemorative coinage
France Launches Marianne Bullion Coins to Enter Global Gold Market
France's Monnaie de Paris is introducing new Marianne gold bullion coins in four sizes, aiming to attract domestic investors and compete with established international bullion coins while navigating EU tax rules and investor demand
Australian Dollar Climbs to Three-Month High on Inflation Surprise
The Australian dollar has reached its strongest level since May, as higher-than-expected inflation data increases the likelihood of further Reserve Bank of Australia rate hikes and shifts market expectations for monetary policy
Australian Dollar Climbs to Three-Month High on Inflation Pressure
The Australian dollar is set for its longest weekly winning streak since 2021, as persistent inflation and expectations of further Reserve Bank of Australia rate hikes drive the currency higher against its global peers
Pound Sterling Faces Downside Risk Against Euro as Forecasts Shift
A new survey of major investment banks suggests the pound is overvalued against the euro, with forecasts pointing to a potential 300-pip decline by year-end. Currency planners and businesses may need to prepare for a weaker GBP/EUR rate
China's Silver Dragon Coin Wins 2026 Coin of the Year Award
The 2026 Coin of the Year ceremony in Pittsburgh recognized ten outstanding coins for artistry and innovation, with China's silver 10 yuan Dragon coin taking the top honor for the first time in the award's history
People's Bank of China Slows Yuan Gains but Maintains Upward Path
The People's Bank of China is moderating the pace of the Yuan's appreciation against the US Dollar, but analysts expect the Chinese currency to continue strengthening gradually through 2027, supported by robust export inflows and policy guidance
US Dollar Holds Near Highs as Inflation Data Delays Rate Cut Hopes
The US dollar remains close to a one-week high after July's inflation figures exceeded forecasts, reinforcing expectations that the Federal Reserve will keep interest rates elevated. Markets now await signals from central bank leaders at Jackson Hole
Banco Inter Expands Merchant Payments in Brazil With ACI Worldwide
Banco Inter is upgrading its merchant payment platform in Brazil through a partnership with ACI Worldwide, aiming to broaden payment acceptance-including Pix-and strengthen fraud prevention and analytics for 100,000 businesses
Techcombank Considers $2 Billion Stake Sale to Foreign Investor
Techcombank is negotiating with BNP Paribas and KB Kookmin Bank to sell a 15% stake, potentially bringing its first major foreign strategic investor and signaling a shift in Vietnam's banking sector
ADIB Appoints Chief AI Officer to Drive Digital Banking Ambitions
Abu Dhabi Islamic Bank has named Pedro Uria-Recio as its first chief AI officer, aiming to accelerate responsible AI adoption and support its Vision 2035 strategy for innovation in Islamic banking
Australian Dollar Rises as RBA Rate Hike Expected in November
The Reserve Bank of Australia is now forecast to raise its cash rate to 4.60% in November after July inflation data exceeded expectations, strengthening the Australian Dollar's yield advantage and shifting currency market sentiment
Triodos Bank Appoints Lauren Couch to Lead UK Business Lending
Triodos Bank has named Lauren Couch as head of business banking in the UK, aiming to strengthen its impact lending across sectors like energy, food, and nature. The move comes as the bank returns to profitability after a challenging year
Banking Technology Shifts: Saudi Digital Lending and Core Migrations
August 2026 saw major banking technology moves, including Saudi Arabia's GO Telecom entering digital lending, Australia's MoveBank migrating its core, and new investment in UK-based 10x Banking, with implications for payments and cross-border services
Rupee Outlook: MUFG Sees USD/INR Near 94 as RBI Reserves Grow
Analysts expect the Indian rupee to approach 94 against the US dollar in the coming months, supported by strong Reserve Bank of India inflows, before renewed oil and yield pressures could push the rate higher again
Australian Dollar Rises as Inflation Surprises, US Dollar Holds Steady
Australia's dollar climbed to a near three-month high after inflation data exceeded forecasts, prompting speculation about further rate hikes. Meanwhile, the US dollar remained stable as markets awaited key US inflation figures and central bank signals
Citi Sees Japanese Yen Poised for Long-Term Appreciation
Citi expects the Japanese yen's long period of weakness to reverse as improved capital flows and renewed overseas investment in Japanese equities shift the balance of supply and demand, with implications for the USD/JPY exchange rate outlook
Canadian Dollar Faces Trade War Scenarios as CIBC Sets Limits
CIBC Capital Markets outlines three possible paths for the Canadian dollar as trade tensions with the US escalate, projecting that even in the most severe case, losses will be contained and the USD/CAD rate will not exceed 1.41
Chinese Yuan Strengthens as Exporters and Policy Shift Outlook
The Chinese yuan has quietly become one of Asia's stronger currencies in 2026, with the USD/CNY rate nearing 6.72 and major banks now forecasting further appreciation. Exporter flows and policy signals are reshaping expectations for the year ahead
US Dollar Weakens as Treasury Moves Revive Debasement Debate
Recent US Treasury interventions have triggered renewed concerns about the US Dollar's long-term value, with analysts warning that falling yields alongside a weaker Dollar could signal a more persistent shift in global currency markets
Australian Dollar Eyes Recent Highs as Global Risk Appetite Improves
The Australian dollar is approaching its short-term peak, buoyed by a shift toward riskier assets, falling oil prices, and reduced Middle East tensions, with investors watching key support and resistance levels in major currency pairs
Navi Raises $100 Million from Prosus Ahead of Planned India IPO
Navi, the digital payments and lending platform led by Flipkart co-founder Sachin Bansal, has secured a $100 million investment from Prosus as it prepares for a potential stock market listing in India
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