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Investing

Explainer: why India’s central bank is clamping down on FX arbitrage

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India’s central bank has moved to shore up the rupee with a sweeping set of emergency measures,like capping banks’ currency positions, and banning rupee non-deliverable forwards, as the currency buckles under the weight of surging oil prices and the heaviest outflow of foreign capital from emerging markets in years. Why the RBI acted The rupee

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Dollar rises on safe-haven demand after Trump warns Iran still a risk

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The dollar rose on Thursday after US President Donald Trump described Iran as acting “crazy,” tempering expectations for a swift ceasefire that had briefly erased a two-day slide in the currency. The dollar index climbed to a session high of 99.925 before closing 0.3% stronger at 99.86, having earlier touched a three-week low as investors

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US dollar set to fall? Energy shocks and policy risks raise doubts

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The US dollar may be poised for a decline as elevated energy prices, domestic policy risks and a rising risk premium chip away at its safe-haven appeal, according to a Reuters poll published on Tuesday. Nearly 70 foreign-exchange strategists surveyed by Reuters between 27 March and 1 April expect the euro to hold steady at

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USD/ZAR forecast: Bullish pattern forms as JSE All Share Index slumps

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The South African rand has pulled back in the past two months as the ongoing US-Iran war disrupted the country’s economic growth. The USD/ZAR pair soared to 17.06, as the JSE All Share Index and gold prices slumped. South African rand and JSE All Share Index slumps  The USD/ZAR exchange rate has rebounded because of

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