Currency News - Page 15
428 articles
Bank of America Invests $1.9bn in India's Jio Credit Joint Venture
Bank of America will acquire up to 49.9% of Jio Credit, the digital lending arm of Jio Financial Services, in a deal valued at $1.9 billion, aiming to expand digital lending in India and reshape the country's financial services landscape
Revolut Gains French Banking Licence as Bunq Faces US Setback
Major developments in global banking this week include Revolut's full French licence, Bunq's US charter rejection, Bank of America's $1.9bn move into India, and a $1.44bn sale of Moneris in Canada, with executive changes at NAB also in focus
What a USD/JPY Break Above 160 Could Mean for the Yen
If the Japanese yen weakens past 160 against the US dollar without intervention, analysts warn that confidence in Japan's currency policy could erode further, potentially pushing the exchange rate toward 165 and raising new policy challenges.
Pound Sterling Holds Firm as UK Growth Outpaces Expectations
Stronger UK economic growth and softer US producer inflation kept the Pound Sterling steady against the US Dollar and Euro, as markets anticipate the Federal Reserve may pause further rate hikes amid shifting inflation signals
Pound Sterling Holds Near 1.35 as UK Growth Data Fails to Convince
Sterling remains close to 1.35 against the US dollar after UK GDP growth outpaces expectations, but uneven gains and cautious market sentiment highlight ongoing risks from inflation, energy prices, and global economic uncertainty
Euro-Dollar Rate Faces Prolonged Volatility as Fed Bets Shift
The Euro to US Dollar exchange rate is expected to remain volatile between 1.15 and 1.16 in the coming months, as shifting Federal Reserve expectations and ongoing geopolitical risks keep both currencies under pressure
Pound Faces Pressure as Eurozone Data Fuels ECB Rate Hike Bets
The Pound to Euro exchange rate slipped as robust Eurozone industrial and employment data increased expectations of a European Central Bank rate hike, overshadowing steady UK growth and leaving Sterling exposed to further declines.
Pound Edges Up Against Australian Dollar as Risk Appetite Fades
The Pound to Australian Dollar rate inched higher as global risk aversion weighed on the Australian Dollar, while hawkish Reserve Bank of Australia signals may cap Sterling's gains above AU$1.91
Pound Holds Near $1.35 as US Rate Hike Bets Recede
The Pound to US Dollar rate remains steady as softer US economic data and fading expectations of another Federal Reserve rate hike shape the outlook for both currencies, with market attention turning to upcoming US retail sales and sentiment figures
Euro Faces Political Uncertainty as France's 2027 Election Looms
France's 2027 presidential election is emerging as a major risk for the euro, with new analysis highlighting the potential for significant shifts in fiscal policy and European relations depending on the outcome
Banks Face a Binary Choice: Platform or Pipe by 2032
Banks have until 2027 to decide whether to become customer-focused platforms or efficient product providers, as the industry moves toward a split that will reshape margins, customer relationships, and the economics of banking
Fintech Funding Drives Expansion in Private Credit and Payments
Recent funding rounds are reshaping fintech, with new capital supporting private credit platforms, rent-to-own vehicle solutions, and AI-driven automation for banks and businesses across multiple continents
India Ends Discounted Currency Swap Early After $50 Billion Inflow
The Reserve Bank of India is closing its zero-cost swap facility for banks a month ahead of schedule, following a surge in foreign currency deposits and inflows that exceeded $50 billion since June
Emirates NBD Taps Dubai Future District Fund for Fintech and AI Expansion
Emirates NBD is joining forces with Dubai Future District Fund to accelerate the adoption of fintech and AI solutions, aiming to streamline banking operations and improve digital services for customers and businesses in the UAE.
German Bond Yields Steady as Energy Tensions Offset US Disinflation
German government bond yields diverged this week as energy market disruptions and persistent inflation in Germany clashed with easing global rate expectations, leaving investors weighing risks across the yield curve
USD/CAD Outlook: UBS Sees Room for Dollar Gains on Rate Gap
UBS expects the US dollar to strengthen against the Canadian dollar, citing interest rate differentials and a cautious stance from both central banks as key factors shaping the USD/CAD exchange rate in the coming months
Maybank Joins MAS BLOOM Project to Trial Tokenised Settlements
Maybank Group is partnering with the Monetary Authority of Singapore's BLOOM initiative to test tokenised bank liabilities and regulated stablecoins, aiming to offer new alternatives to traditional correspondent banking in cross-border payments
Coin of the Year Ceremony Returns to Pittsburgh in August 2026
The Coin of the Year program will reveal its 2026 winner at the World's Fair of Money in Pittsburgh, following a global selection process that narrowed nearly 600 nominated coins to the final COTY 100 and category champions
Argentina Relaxes Dollar Lending Limits to Boost Business Credit
Argentina is easing restrictions on banks lending US dollars to companies, aiming to expand credit for businesses facing high peso interest rates and support economic recovery amid ongoing financial reforms
US Mint Turns to Superheroes to Attract New Coin Collectors
The US Mint is launching superhero-themed coins and medals, aiming to engage younger audiences and revive interest in physical currency as digital payments rise. Will pop culture designs help expand the future of coin collecting
Selling Coins at Auction: What Collectors Need to Know
Collectors share their experiences selling coins at auction, from local club events to major online platforms, highlighting the practical challenges, costs, and evolving technology shaping the numismatic marketplace
National Bank of Canada Unifies Fund Services With Multifonds Platform
National Bank of Canada is overhauling its fund and ETF administration by adopting Multifonds' centralized platform, aiming to streamline operations, reduce manual processes, and strengthen oversight across multiple jurisdictions
Pound Sterling Extends Summer Gains Against Euro as Risks Linger
The British pound has regained ground against the euro, with the GBP/EUR rate climbing back above key levels. Market calm and higher energy prices are supporting Sterling, but September's political calendar could bring renewed volatility.
Dollar Weakens as US Inflation Data Reduces Rate Hike Odds
The US dollar lost ground against the pound and euro after July inflation figures met expectations, lowering the likelihood of a Federal Reserve rate increase in September and shifting currency market dynamics.
AI Agents Challenge Human Accountability in Financial Services
As AI agents begin to initiate tasks in banking and payments, financial institutions must rethink how authority, supervision, and responsibility are structured across their organizations
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