Tag: Foreign Exchange
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Rates Spark: Sterling rates and US TIC data
Rate Sparks in the UK: Sterling slips amid mixed signals After a period of relative reprieve, sterling rates are once again catching the attention of traders. The currency has softened from recent highs as uncertainty around the UK’s economic trajectory returns to the fore. A rethink of the domestic outlook—especially on employment and productivity—appears likely…
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Ghana Cedi Slips to GH¢10.75 per USD in Jan 2026
Ghana’s Cedi Weakens to GH¢10.75 per US Dollar in Early 2026 The Ghanaian cedi opened the second week of January 2026 with a depreciation against the US dollar, selling at GH¢10.75 on the Bank of Ghana’s interbank foreign exchange market. The move reflects ongoing pressure on Ghana’s currency as the dollar trades around the 10.74…
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Ringgit Edges Lower as Security of US Policy Repricing Lifts DXY
Ringgit Starts Week on Soft Note as DXY Strengthens The Malaysian ringgit opened the trading week slightly weaker against the US dollar, pressured by a firmer US Dollar Index (DXY) as markets recalibrate expectations for the pace and scope of United States monetary policy in light of softer jobs data. Traders said the move reflects…
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Ringgit Drops as US Dollar Firmness Gathers Ahead of US Non-Farm Payrolls
Ringgit Weakens Ahead of Key US Jobs Data The ringgit opened lower against the US dollar on a morning that saw the US Dollar Index (DXY) showing resilience. Traders and investors are positioning ahead of tonight’s highly anticipated US non-farm payrolls (NFP) release, which is expected to provide fresh clues on the strength of the…
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Rupee to mark time as traders seek visibility on New Year flows
Rupee starts New Year with a watchful shrug The Indian rupee is expected to open largely flat against the U.S. dollar on Friday as traders in Mumbai adopt a cautious stance. With New Year flows on the horizon and markets still digesting a year defined by interventions and persistent dollar demand, participants are trying to…
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BSP Warns of Wider BOP Deficit in 2026 Amid Global Headwinds
Overview: BSP Revises Downward Its 2026 BOP Forecast The Bangko Sentral ng Pilipinas (BSP) has revised its expectations for the country’s balance of payments (BOP) deficit, warning that external headwinds could widen the gap in 2026. The central bank’s latest quarterly forecast reflects a more cautious view on capital flows, export demand, and global financial…
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PKR Extends 67th Day of Gains Against USD as Rupee Climbs vs Major Currencies
Overview: PKR Extends Winning Streak Against USD The Pakistani rupee (PKR) continued its surprising strength against the United States dollar (USD), marking the 67th consecutive day of gains in late trading on Friday. Investors cheered a combination of improving domestic macro signals, cautious optimism about IMF program progress, and a generally softer greenback, helping the…
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PKR Rebounds for 67th Consecutive Day Against USD as Rupee Extends Win Streak
Pakistan’s Rupee Extends its 67th Day of Gains Against the US Dollar The Pakistani rupee (PKR) closed higher against the US dollar for the 67th consecutive trading day on Friday, signaling persistent buying pressure and improving sentiment in the local currency market. The session saw the PKR finish at around 280.17 per USD, marking another…
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Naira Strengthens to 1,456/$ at Central Bank FX Window
Overview: The Naira Rebounds at the Central Bank Window The Nigerian naira advanced to ₦1,456.56 per $1 at the Central Bank of Nigeria (CBN) official foreign exchange window, marking a 0.54% gain as liquidity pressures ease and FX interventions continue. The move underscores the impact of continued policy measures and currency market support aimed at…
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Dalal Street Week Ahead: US GDP, FII Flows, Rupee Outlook
Dalal Street Week Ahead: What investors will watch As the week begins, Dalal Street faces a blend of global cues and domestic factors that could tilt sentiment. After a range-bound finish to the prior week, markets are bracing for fresh data and policy signals that could influence risk appetite, currency moves, and equity valuations. Here…