Foreign exchange market

Markets

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.

26/08/2024

Markets

Pound remains on course for worst run of losses in almost a year

The currency could potentially be further weakened if the Bank of England chooses to implement more rate cuts this year.

09/08/2024

Markets

Norwegian tourism gets boost as weaker Kroner draws visitors

The depreciation of the Norwegian kroner has made the famously expensive Nordic country a more affordable destination for tourists, increasing spending and benefiting local businesses.

08/08/2024

Russia

Moscow stock exchange stops trading in dollars and euros

The sanctions come as G7 leaders are preparing to gather soon in Italy for a summit where the top priorities will be boosting support for Ukraine and grinding down Russia’s war machine.

12/06/2024

Markets

Iran refuses to recognise national currency’s fall in free markets

The Iranian rial has plunged rapidly against the dollar ever since the Israel-Hamas war led to increased worries of a direct US-Iran confrontation.

27/02/2024

Economy

Euro-Dollar outlook 2024: Navigating political and economic challenges

As 2024 unfolds, the euro faces a complex landscape marked by political shifts and economic challenges. Key events include parliamentary and presidential elections in several Eurozone countries, while challenges include global conflicts, fiscal tightening and inflation concerns.

02/01/2024

Business

British pound hits record low against US dollar

It dipped as low as $1.0349 per US dollar early Monday but then rebounded to $1.07.

26/09/2022

Money

Can the US dollar be toppled as the world's premier reserve currency?

The power of the dollar as the world’s premier reserve currency gives the US far-reaching advantages over its rivals. But with Russia and other BRICS nations signalling their intention to challenge this power, is it under threat?

03/08/2022

Money

Police in Spain arrest 8 over 'cult-like' crypto trading academy scam

The organisation’s leaders have been accused of fraud, misleading advertising and running a pyramid scheme targeting young people.

29/04/2022

Venezuela

Maduro ready 'to be a dictator' to help Venezuela

Venezuela continues to reel under a political and economic crisis but President Nicholas Maduro shows no sign of changing course. Maduro says he's willing to be a dictator if it will help turn the country around.

10/09/2017

France

Markets react positively to Macron victory

The euro hit a six-month high against the dollar but later slipped back amid uncertainty over next month's French parliamentary elections.

08/05/2017

Markets

UK shares fall, pound jumps on surprise election announcement

Europe's stock market indexes tumbled on the UK election announcement with investors worried that this adds to political uncertainty in the region.

18/04/2017

USA

Bitcoin explained: why should we care about an SEC decision?

What is bitcoin?

09/03/2017

Economy

Bitcoin value tops gold for first time ever

The price of a single bitcoin has gone higher than one ounce of gold for the first time ever.

03/03/2017

Economy

Federal Reserve reveals slowdown worries

Federal Reserve January policy meeting minutes show the central bank considered changing the central bank's interest rate hike plans because of a global slowdown and financial market sell-off.

18/02/2016

World News

Russia: rouble at its lowest since 1998

Coupled with fresh falls in world oil prices, investor concerns deepen.

20/01/2016

Business Series

Forex manipulation further undermines trust in international banking

A new scandal undermining the reputation of international banking has been added to a long list of previous cases. Under the spotlight this time is a

26/05/2015

USA

Five global banks to pay €5 billion for rate rigging

Five of the world’s biggest banks have been fined over 5 billion euros. Four of the banks: Citigroup, JP Morgan Chase, Royal Bank of Scotland and

20/05/2015