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Forex News Today: Forex Market News & FX Forecast


India to Discourage Foreign Trade Settlement in Chinese Yuan

One of the government officials directly involved in the matter said New Delhi is "not comfortable" with foreign trade settled…

1 week ago

India-Russia Oil Deals Erode Dollar’s Currency Dominance

Sanctions on Russia are slowly eating away at the dollar's dominance by encouraging Asian traders such as India to use…

2 weeks ago

Asian Stocks Slide After Powell Says Bigger Rate Hikes Possible

Shares in Hong Kong, Sydney and Shanghai took a tumble, while MSCI's broadest index of Asia-Pacific shares outside Japan was…

2 weeks ago

Chinese Firms Holding Dollars as Hedge if Yuan Loses Value

The yuan has been weakened by concerns that US interest rates might rise further and geopolitical tensions, which are keeping…

2 weeks ago

Asian Shares Shoot up as China Factories Recover After Covid

The region's stock indexes sparked back into life on Wednesday posting their best returns in seven weeks after data showed…

3 weeks ago

Stocks Down All Across Asia, Dollar Near Six-Week Highs

Virtually all markets across Asia followed US markets down on Friday, with the strong expectation that the US central bank…

1 month ago

Asian Markets Rise on Hopes of Avoiding Global Hard Landing

Stocks were up in most markets in Asia, as well as other regions on Thursday buoyed by positive economic data…

1 month ago

Asian Currencies, Stocks Drop as Dollar Firms on US CPI Data

Equities fell in most Asian markets and currencies were hit Wednesday, after the dollar firmed on sticky US inflation data,…

1 month ago

Yen Shoots up as Ueda Nominated as New Bank of Japan Chief

Kazuo Ueda, a 71-year-old former BOJ board member, is the 'surprise' nominee to be Japan's next central bank governor. He…

1 month ago

Japan Admits Spending $48 Billion Rescuing Plumeting Yen

The country’s Ministry of Finance confirmed the record stealth interventions to support the yen took place over three days last…

1 month ago

Asia Stocks Slip on Rate Hike Fears But Weak Yen Lifts Nikkei

Hopes of a slowdown in central bank tightening were dashed by Friday’s upbeat US payroll numbers, weighing on Asian investor…

1 month ago

Iranian Rial Down Nearly 30% Since September Unrest

Currency slumped to a record low against the US dollar, selling for 447,000 rials on the unofficial market on Saturday

2 months ago