Currency News - Page 7
428 articles
Euro stuck near lows as US rate edge grows
The euro can't shake off losses after the US Federal Reserve's latest rate hike. Softer ECB outlook and a shrinking yield gap are making it tough for EUR/USD to bounce back.
Paymob lands $35 million to push digital payments across MENA
Paymob has raised $35 million in pre-Series C funding to speed up its digital payment rollout for businesses in Egypt, Saudi Arabia, the UAE, Oman, and Pakistan. The company wants to reach more merchants across the MENA region.
Hungary set to lower inflation target as forint tracks energy swings
Hungary's central bank is expected to cut its inflation target to 2.5 percent this week. Goldman Sachs says this could help the forint, which has moved in step with energy prices lately.
Deutsche Bank signals further dollar weakness against yuan and yen
Deutsche Bank forecasts continued US dollar losses against the Chinese yuan and Japanese yen, while anticipating the euro dollar rate will stay confined to a narrow range as global growth and policy risks influence currency markets.
UBS doubts yen rebound after Bank of Japan rate hike
UBS believes the Bank of Japan's latest rate hike is unlikely to spark a sustained rise in the yen against the US dollar, citing cautious central bank messaging and a divided board.
Royal Mint marks Wicked anniversary with limited 50 pence coin
The Royal Mint has released a special 50 pence coin to mark 20 years of Wicked in London, giving fans and collectors a chance to own a piece of both musical and currency history. Editions range from gold proof to unlimited uncirculated versions.
NatWest appoints Harsh Agarwal to lead customer experience transformation
NatWest has named Harsh Agarwal as managing director of customer experience and engagement, charging him with unifying the bank's digital and segment strategies following a series of high-profile leadership changes.
Nigerian Naira outlook brightens as oil revenues and high yields fuel gains
Goldman Sachs has raised its forecasts for the Nigerian Naira, pointing to strong oil receipts, elevated local yields, and persistent undervaluation as the main drivers of further appreciation against the US dollar over the coming year.
BNG completes core banking overhaul as Amir Arooni exits leadership
Bank Nederlandse Gemeenten has completed a sweeping core banking and cloud migration in under a year, closing the chapter on Amir Arooni's interim leadership and welcoming a new permanent CIO.
Ten Gold Table Mountain Coins Set New Scarcity Benchmark
Monnaie de Paris has minted just ten 10-ounce gold coins featuring Table Mountain, launching a UNESCO World Heritage series that redefines rarity for collectors and highlights South Africa's botanical heritage.
Enova abandons Grasshopper Bank deal after regulatory impasse
Enova has called off its $369 million bid for Grasshopper Bancorp, withdrawing regulatory applications and signaling a move away from pursuing a bank holding company charter. The decision spotlights persistent regulatory uncertainty for nonbank lenders seeking entry into the banking sector.
US Leading Economic Index Falls in August, Surprising Forecasters
The Conference Board's leading US economic index slipped by 0.1 percent in August, the first drop since March and a surprise to analysts who expected a small gain.
UBS Reopens Long Euro-Dollar Trade as Central Bank Moves Shift Market Outlook
UBS has re-entered a long EUR/USD position at 1.1475, aiming for 1.17 with a stop at 1.13, citing central bank policy changes as the main reason for its renewed trade.
Uganda Shilling Nears Record Low as Dollar Demand Rises
Uganda's shilling is under renewed strain as commercial banks quote weaker rates and businesses rush to secure dollars, putting the currency at risk of hitting its lowest level ever against the US dollar amid ongoing uncertainty in Iran.
Countermarked US Half Dollar Triggers Collector Rush
A new US Mint half dollar with a 9/11 countermark has sparked intense demand among collectors and renewed debate over how quickly coins can be adapted to mark major events.
Rising Silver Prices Force Mints to Rethink Collector Coins
As silver prices climb and production costs surge, mints across Europe and beyond are slashing mintages, raising prices, and experimenting with new alloys to keep commemorative coins viable for collectors.
Kansas City $5,000 Bill Emerges: Only Two Known to Exist
A 1928 $5,000 Federal Reserve Note from Kansas City, one of just two known examples, is headed to auction at GreatCollections. Its appearance highlights how nearly all high-denomination US currency has disappeared from circulation.
Swiss Franc Under Pressure as Yield Gap with Euro Widens
UBS warns the Swiss franc could weaken further against the euro as low yields and diverging central bank policies push EURCHF higher. If the Swiss National Bank keeps rates steady, a move toward 0.96 is possible.
Rare US Pattern Coins Set New Records at Heritage ANA Auction
A single US gold coin sold for over $2.5 million as Heritage Auctions' ANA event in Pittsburgh saw five coins each fetch seven figures, highlighting the intense demand for rare American numismatic pieces.
UK Energy Bill Support Faces Bond Market Limits This Winter
UK energy bills are set to climb sharply in early 2027 but any large-scale government support risks destabilising bond markets already under strain from high debt and volatile rates
Rare Coins and Historic Currencies Headline Global Auction in California
A four-day auction in Santa Rosa will see over 3,400 rare coins and banknotes cross the block, including a Mughal rupee with only four known examples and a 50-tael Chinese sycee. Collectors and investors are watching for record bids.
US House Votes to End Circulating Pennies After 232 Years
The US House has passed a bill to stop making pennies for everyday use, shifting the one-cent coin to collector-only status. The measure keeps the penny as legal tender, introduces new cash rounding rules, and allows for changes to the nickel's composition.
Swiss Franc Becomes New Favorite for Low-Cost Borrowing
With Swiss rates at zero and Japan preparing for possible hikes, investors are turning to the franc as a funding currency. Rabobank sees limited gains for USDCHF but warns of risks if safe haven demand returns.
Norwegian Krone Hits Resistance as Citi Closes Out NOK/SEK Trade
Citi has exited its Norwegian krone versus Swedish krona position as the pair nears a long-standing resistance level, but the bank still sees NOK/SEK as a key gauge for energy market shifts and regional risk.
Pound Sterling Falls After UK Payrolls Drop, Rate Hike Bets Fade
A sharper-than-expected drop in UK payrolls has pushed the Pound lower against the Euro and US Dollar, raising questions about the Bank of England's next move on interest rates ahead of new inflation data.
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