The world’s money markets can change within minutes – and new developments are taking place every second. To keep you up to speed, our currency writers provide you with the latest news on the international and FOREX markets, foreign exchanges, currency exchange rates, and other relevant financial matters. We also provide commentary and groundbreaking analysis so you have a broad understanding of the developments shaping economies. Whether you require the latest currency news as a trader, are thinking of widening your investment portfolio, or would simply like to keep abreast of the latest exchange rate developments, we deliver.
Emerging currencies could suffer from the fall-out of approaching big leadership and policy changes at the US Federal Reserve. As the new year approaches, current chairman Ben Bernanke is keeping the seat warm for his successor Janet Yellen. Hawk-eyed analysts are dissecting her speeches and statements for an early indication of how she’s likely to … Read more
“One country, two currencies” has long been one of Cuba’s particular idiosyncrasies. Yet times are changing, with the Cuban Government announcing on Tuesday that it plans to end the dual-currency system in the country. The Cuban convertible peso (CUC) and the Cuban peso (CUP) are both legal tender in Cuba; though neither can be exchanged … Read more
Due to a number of factors in recent months, the American dollar has been entering a slump. It was reported that on Wednesday the US currency reached an eight-month low. The dollar also hit a two year low against the euro and it is now valued at $1.379 versus its previous high in November 2011 … Read more
The Federal Reserve Bank announced that they will continue to pump money into the United States economy until March of next year. This news came after the government shutdown that took place due to a difference in Republican and Democratic views on healthcare funding. The 800,000 government employees that were furloughed during the 16-day shutdown … Read more
Now the rupee has broken the landmark barrier of 60 to the dollar, experts are left wondering whether it will fall to 65 to 70 or more. Many are now questioning how long it will continue to fall, and what the effects will be on India’s economy. Opportunity in calamity Whilst there are many obvious … Read more
Facebook launched its virtual currency Credits in June 2011 to simplify payments, earn a 30% cut on purchases, and create a level playing field for game developers. Yet in reality, they caused headaches for app creators and hesitation from the buying public. And so, after years of championing by Facebook, the site called an end … Read more
The Indian rupee has reached a record low this past week at 68.825 rupees to the US dollar. This is a difficult situation for India, particularly because of the increasing inflation that is sweeping the nation. The government have been taking measures to control the situation to the best of their abilities. Not only is … Read more
India’s richest man, Mukesh Ambani, known for his overly-opulent tastes in homes, has reportedly lost one quarter of his overall net worth due to the decline of the rupee. He has lost a total of $5.6 billion since the beginning of May 2013 according to the Bloomberg Billionaire Index. Prior to the weakening of the … Read more
This past week has be rough for the Brazilian real, it has sunk to the lowest it has been in almost 5 years and was valued at 2.45 real to the US dollar. This slow dive has been rearing its head since reports of investors leaving Brazil towards greener and more stable pastures. Many investors … Read more
Questions are being asked about the slide of the Indian rupee against the world’s major currencies. Not long ago, the rupee was up around the 80 mark against the US dollar, but months of steady collapse have left the Indian currency hanging loose in the wind. Now, currency experts and analysts see little hope of … Read more