Currencies

The Turkish lira fell to a record low as incumbent Recep Tayyip Erdogan won the 2023 presidential election, extending his reign into his third decade in power.

May 29, 2023

1331

The dollar fell during European trade on Friday as traders worried that continued turmoil in the U.S. banking system, along with the rapidly approaching debt ceiling increase day, could lead to an earlier-than-expected rate cut by the Federal Reserve despite its recent hawkish rhetoric.

May 5, 2023

1359

Russian ruble is trading below 80 against USD and close to 87 against EUR – for the first time since April 4, posting around 2.5% daily increase after CBR’s scheduled meeting and Chairwoman Elvira Nabiullina’s comments.

April 28, 2023

1351

The DXY Dollar Index Spot returned to its February 2023 lows despite renewed inflation worries, making investors to believe that at least two more interest rate hikes during this year are on the table.

April 21, 2023

1418

The Barron's dedicated today's editorial to Bitcoin (BTCUSD).

April 11, 2023

1354

BofA Securities considers it to be a fair move to depreciate the lira by 15-25% in order to balance its long term and short terms financial accounts, regardless of who wins the May election.

March 31, 2023

1262

As we all know by now, Swiss authorities announced Sunday that UBS is looking to bring in Swiss bank Credit Suisse as part of a massive merger aimed at avoiding further turmoil in the regional and global banking market.

March 21, 2023

1448

Last week, hedge funds retained their biggest yen bear positions in 6 months in what was a painful trade, as the collapse of Silicon Valley Bank suddenly boosted demand for the Japanese currency as a safe haven.

March 17, 2023

1348

According to the latest data, inflation in Argentina exceeded 100% for the first time since the end of hyperinflation cycle in the early 1990s.

March 15, 2023

1430