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Covering the latest forex news in the currency market and breaking financial news stories.

How President Mahama Is Strengthening the Cedi — and Why U.S. Dollar Weakness Is Fueling the Rally
How President Mahama Is Strengthening the Cedi — and Why U.S. Dollar Weakness Is Fueling the Rally

Ghana’s economy is experiencing a significant recovery. This article explores how domestic leadership and global economic trends are intersecting to drive a stronger cedi. Since returning to power in 2025, President John Mahama has prioritized stability and recovery. Within months, Ghana’s cedi appreciated nearly 24 percent against the U.S. dollar. This turnaround is the result […]

USD/INR Exchange Rate Holds Steady amidst Chinese Economic Concerns and Rising Inflation Expectations
USD/INR Exchange Rate Holds Steady amidst Chinese Economic Concerns and Rising Inflation Expectations

The exchange rate between the US Dollar (USD) and the Indian Rupee (INR) remains stable as the new week begins, following significant gains in the previous week. The currency pair experienced a 0.63% increase last week, ultimately settling at 82.61 on Friday. As of 12:30 UTC, USD/INR is currently trading at 82.60, showing a marginal […]

Bitcoin Poised for $120,000 Valuation by End of 2024: Standard Chartered Analyst
Bitcoin Poised for $120,000 Valuation by End of 2024: Standard Chartered Analyst

Bitcoin, the leading cryptocurrency, may see a surge in value and reach $120,000 by the conclusion of 2024. This prediction comes from Geoff Kendrick, an analyst at Standard Chartered, who believes that reduced miner sales will contribute to this upward trajectory. Kendrick had previously projected a price of $100,000 for bitcoin by next year, but […]

The US Dollar Steady as Markets Digest Mixed Data
The US Dollar Steady as Markets Digest Mixed Data

The dollar steadied on Monday, as markets digested mixed economic data from the United States and China. The dollar index, which tracks the U.S. currency against a basket of major peers, was up 0.13% at 102.40 on Monday. The index had fallen 0.87% on Friday after U.S. nonfarm payrolls increased by just 209,000 in June, […]

Dogecoin Prices Soar as Coinbase Announce Plans to Enable Trading in 2 Months
Dogecoin Prices Soar as Coinbase Announce Plans to Enable Trading in 2 Months

Dogecoin is coming to the most popular US crypto trading platform, Coinbase, the company said on Thursday during a call with investors and analysts to discuss its first-quarter performance since getting listed on the Nasdaq. The plan is to list dogecoin in the next six to eight weeks, said CEO Brian Armstrong. The Coinbase CEO […]

Japanese Games Maker Nexon, Buys $100 Million worth of Bitcoin
Japanese Games Maker Nexon, Buys $100 Million worth of Bitcoin

Japanese games maker, Nexon said on Wednesday morning that it has spent around $100 million to buy bitcoin, making it one of the major companies like Tesla throwing their weight behind the cryptocurrency. The online game provider purchased 1,717 Bitcoins at an average price of about $58,226 each, including fees and expenses. The purchase represents […]

Egypt to Roll out New Plastic Currency in 2020
Egypt to Roll out New Plastic Currency in 2020

Egypt will start rolling out plastic currency this year, Deputy Governor of the Central Bank of Egypt (CBE) Gamal Negm announced yesterday, Egypt Today reports. Negm added that the new plastic currency rollout will start with the EGP 10 notes. His statements came on the sidelines of The Chief Risk Officers in Arab Banks Forum, […]

China’s Central Bank to Inject US$174 Billion of Liquidity into Markets amid New Coronavirus Outbreak
China’s Central Bank to Inject US$174 Billion of Liquidity into Markets amid New Coronavirus Outbreak

China’s central bank will pump 1.2 trillion yuan (US$174 billion) into financial markets on Monday, as part of an effort by regulators to mitigate volatility when trading opens against the backdrop of a new coronavirus outbreak. Investors in Shanghai and Shenzhen are bracing for a possibly brutal return to trading when markets resume for the […]

Vodafone Group Quits Facebook-Led Libra Currency Group
Vodafone Group Quits Facebook-Led Libra Currency Group

One of the top backers of the Libra, Britain’s Vodafone Group PLC, has left the entity that manages the Facebook-led effort to launch Libra, a global digital currency, Libra Association said on Tuesday. The association has seen an exit of its backers including financial companies Paypal Holdings and Mastercard amid regulatory scrutiny. Facebook announced in […]

7 Central Banks Team up to Look at Launch of Central Bank Digital Currency (CBDC)
7 Central Banks Team up to Look at Launch of Central Bank Digital Currency (CBDC)

The Bank of England has joined forces with a raft of global counterparts to look at the case for launching their own digital currencies. The group – also comprising the Bank of Canada, the Bank of Japan, the European Central Bank, Sweden’s Sveriges Riksbank, the Swiss National Bank and the Bank for International Settlements (BIS) […]