IFC to provide Sri Lanka with $400m cross-currency swap facility to fund essential imports
The International Finance Corporation (IFC) has announced that it will offer Sri Lanka a $400 million cross-currency swap facility to…
Asian Currencies Tumble as Dollar Soars
The dollar surged to a six-week high against a basket of currencies, while most Asian currencies fell on Friday as…
AUD/USD Bears Struggle to Gain Conviction as Bulls Wait for Their Chance
Introduction: The AUD/USD currency pair has been trading within a 100 pip box between 0.6900 and 0.7000, with the bears…
The Digital Pound – What to Expect from the Bank of England’s CBDC
Introduction The Bank of England and the British government have officially launched a consultation on the digital version of the…
Gary Gensler’s Mission to Regulate the CArypto Industry: Protecting Investors and Ensuring Compliance
Introduction: Gary Gensler, the Chairman of the U.S. Securities Exchange Commission (SEC), has been under fire lately for making it…
Charlie Munger Calls Cryptocurrencies “Worthless” and “Antisocial”
Charlie Munger, a board member and shareholder of Daily Journal Corporation and vice chairman of Berkshire Hathaway Inc., has once…
USD/CAD Seesaws Ahead of Key US CPI Data Amid Mixed Clues
Introduction The USD/CAD pair is experiencing a consolidation phase in the mid-1.3300s during the early hours of Monday’s Asian session. The Loonie pair had…
Markets on edge as global monetary policies take center stage
Asian currencies were largely unchanged on Monday, while the dollar remained steady, with investors keeping a close eye on monetary policy signals from…
Goldman Sachs Expects ECB to Raise Rates Three Times This Year
Goldman Sachs has revised its expectations for the European Central Bank (ECB), predicting that the central bank will raise interest…
UK PMI data indicates a solid recovery, leading to GBP/USD rally
The S&P Global/CIPS UK Manufacturing Flash PMI increased to 49.2 in February 2023 from 47 in January, beating market forecasts…