Currencies News
Dollar hits three-year low amid Donald Trump’s criticism of Fed Chair Jerome Powell
The dollar dropped more than 1.5% against the Swiss franc to 0.8063, marking its lowest level in ten years. The euro reached $1.1535 — its highest level since November 2021. Against the Japanese yen, the greenback fell to a seven-month low of 140.66.
2 min read22 Apr 2025Barry Eichengreen: The sterling’s past may offer clues to the dollar’s future
An America that’s keen to preserve its currency’s global status should learn a lesson or two from how the UK handled similar trade-offs a century ago. So far, the US has been going down a risky path.
4 min read16 Apr 2025Rupee-backed stablecoins could complement RBI’s digital currency
Crypto tokens pegged to the rupee offer notable benefits like ease-of-use, low transaction cost and relatively stable value. If we put a regulatory framework in place, such stablecoins could work alongside the central bank’s e-rupee.
4 min read26 Dec 2024Most Latam currencies edge up tracking higher commodity prices
EMERGING-MARKETS/LATAM (UPDATE 1):EMERGING MARKETS-Most Latam currencies edge up tracking higher commodity prices
2 min read23 Oct 2024Stripe Says Stablecoins Payments Made in More Than 70 Countries After Relaunch
Stripe Inc. said individuals from more than 70 countries have used stablecoins for online transactions during the first 24 hours after allowing merchants using its platform to accept crypto payments again.
1 min read11 Oct 2024Dollar Slumps 1% After Powell Touts Case for Interest-Rate Cuts
The dollar plunged after Federal Reserve Chair Jerome Powell affirmed expectations that the central bank will cut interest rates next month, sparking a rally in the currencies of major global peers.
2 min read24 Aug 2024Japanese Yen rises to 7-month high: What does it mean for Indians travelling to Japan?
In the past one month, Japanese Yen has risen by 10.84 percent against the US dollar. Japanese Yen traded at 0.0068962 USD (1 JPY) on Tuesday.
1 min read6 Aug 2024Invested in cryptos this year? You will have to pay tax at this rate…
Any gains accrued on your investment in cryptocurrencies are liable to 30 percent tax while no set off is allowed for losses incurred in crypto trading
1 min read2 Jul 2024Currency Angst Is Going Global as Strong Dollar Vexes Markets
A resurgent US dollar is exasperating central bankers and governments around the world, forcing them into action to relieve the pressure on their own currencies.
4 min read4 Apr 2024Emerging-Market Assets Edge Lower Amid Thin Liquidity, US Data
Emerging-market stocks and currencies closed lower on Monday after fresh US factory data caused traders to reassess bets on interest rate cuts in the world’s largest economy, weighing on risk appetite.
2 min read2 Apr 2024Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared