Iranian rial falls to historic low as regional tensions hit currency
The Iranian rial fell to its lowest level in history on Wednesday, losing more than 10% of its value since Donald Trump won the US…
Trump promises 100% tariffs on BRICS nations if they create rival currency
1 of 2 | U.S. President-elect Donald Trump on Saturday warned the BRICS nations they will face a 100% tariff in U.S. domestic markets if…
How might the euro react if Trump wins the US presidential election?
A Trump victory could bring sweeping US tariffs, including a 10% levy on EU imports and a hefty 60% on Chinese goods. Analysts warn this…
Asian shares rise as the yen dips after Japan’s ruling party loses majority
Asian shares rose on Monday, as the yen dipped in the midst of political uncertainty after Japan's ruling party lost its majority in Parliament's lower…
Pound on track to be one of the best-performing currencies in 2024
The GBP/USD currency pair hit a two and a half year high of $1.32 earlier this year on 27 August, with analysts expecting the strong…
Why has the euro rallied to a 13-month high against the dollar?
The euro has surged to a 13-month high against the dollar, benefiting from four weeks of gains as the Federal Reserve signals upcoming rate cuts.…
Currency war ahead? Euro gains as US CPI boosts Fed rate cut expectations
The euro surged to its highest level since January following cooler-than-expected inflation data from both the UK and the US. European stock markets are set…
Euro surges to eight-month high as safe haven currency
The euro is likely to rise further as a safe destination due to the jittery sentiment amid the global market turmoil. The ECB's September rate…
Pound, euro, and gold surge as US dollar weakens on Fed rate cut expectations
Both the euro and the British pound surged further against the US dollar, while gold prices hit a fresh high before pulling back on Wednesday.…
Pound nears one-month high following UK election results
The British Pound has strengthened against other major currencies in the past week as the landslide win of the Labour Party provides optimism toward policy…
Pretty UK town which formed its own currency is the perfect countryside escape
Lewes, based in East Sussex and not far from Brighton, is known for having its own currency, but it also offers a quaint countryside town…
Japan confirms $62 billion currency intervention to prop up weak yen
Japanese officials admitted on Friday that it pumped $62 billion in yen over the past month to slow its dramatic fall against the U.S. dollar,…
Zimbabwe authorities mix charm with force in an attempt to shore up the world’s newest currency
Breadcrumb Trail LinksPMN BusinessAuthor of the article:The Associated Press Farai MutsakaPublished May 26, 2024 • 4 minute read You can save this article by registering…
Live updates: ASX set for modest start after ‘underwhelming’ session on Wall Street, European markets hit record highs
Good morning and welcome to Wednesday, May 8 — you're on the ABC's business and markets blog, and it's great to have your company. Let's kick…
Angola’s GDP up 0.9 amid pressures of currency devaluation and inflation
Angola’s economy experienced a 0.9 percent growth in GDP in 2023, as reported by the National Bank of Angola (BNA). The BNA’s Annual Report and…
‘Triple spending’: Zimbabweans bear cost of changing to new ZiG currency | Business and Economy News
Harare, Zimbabwe – At a shopping centre in Glenview, a busy working-class suburb of Zimbabwe’s capital, Harare, carpenter Arnold Mutiri stopped to buy a 2-litre…
Is the EUR/USD Currency Pair Gaining Momentum?
Analysts and investors expect the EUR/USD pair to rise soon, giving investors pivotal market insight. Analysts believe that the dollar will weaken against the euro…
Zimbabwe introduces new gold-backed currency to tackle inflation | Business and Economy News
Zimbabweans have 21 days to convert their old cash into new money, according to the central bank. Zimbabwe’s central bank has launched a new “structured…
Currency Angst Is Going Global as Strong Dollar Vexes Markets
Breadcrumb Trail LinksPMN BusinessA resurgent US dollar is exasperating central bankers and governments around the world, forcing them into action to relieve the pressure on…
Nigeria’s currency has fallen to a record low as inflation surges. How did things get so bad?
Breadcrumb Trail LinksPMN BusinessAuthor of the article:The Associated Press Chinedu AsaduPublished Feb 17, 2024 • 4 minute read Article contentABUJA, Nigeria (AP) — Nigerians are…