Sterling Hits $1.32: The Surge, Risks, and Future Outlook
Quick Look Sterling’s Surge: The British pound has surged to a 2.5-year high against the dollar, driven by expecta
August Volatility: $250 Billion in FX Carry Trades Unwound
Quick Look Market Turbulence: Early August saw a brief but intense spike in market volatility due to unwinding leveraged
Euro, Pound Gain 0.1% as Oil Prices Stabilize
Key Points Euro And Pound Rise: Both currencies edged up as oil prices paused, nearing multi-month highs against the US
China’s Yuan Gains 1.3% in August Amid PBOC Interventions
Quick Overview Yuan’s Strength: The yuan gained 1.3% against the dollar in August, reversing earlier losses. This
TODAY'S FEATURED

Sterling Hits $1.32: The Surge, Risks, and Future Outlook

August Volatility: $250 Billion in FX Carry Trades Unwound

Euro, Pound Gain 0.1% as Oil Prices Stabilize

US Dollar Nears 10-Week Highs Ahead of US Growth Report

Dollar Goes Up Against other Currencies on Bullish Data

Euro Slides on German Chancellor News
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Sterling Hits $1.32: The Surge, Risks, and Future Outlook

August Volatility: $250 Billion in FX Carry Trades Unwound

Euro, Pound Gain 0.1% as Oil Prices Stabilize

Sterling Hits $1.32: The Surge, Risks, and Future Outlook
Quick Look Sterling’s Surge: The British pound has surged to a 2.5-year

Japan’s Struggles Amid Dollar’s 160 Yen Surge

Ethiopia’s NBE Suspends 12 Banks in Forex Crackdown

Raiffeisen Bank Halts Foreign Transfers in Russia Amid Pressure

The Rise of CBDCs: Transforming Money for a Digital Era

Russia’s $2.3B Sanction Dodge: The Dollar and Euro Lifeline

Sterling Hits $1.32: The Surge, Risks, and Future Outlook

August Volatility: $250 Billion in FX Carry Trades Unwound

Euro, Pound Gain 0.1% as Oil Prices Stabilize
LATEST REVIEWS

Sterling Hits $1.32: The Surge, Risks, and Future Outlook
Quick Look Sterling’s Surge: The British pound has surged to a 2.5-year high against the dollar, driven by expectations of prolonged high UK interest rates. Interest Rate Risks: Sterling’s strength hinges on the Bank

Japan’s Struggles Amid Dollar’s 160 Yen Surge

Ethiopia’s NBE Suspends 12 Banks in Forex Crackdown
FOREX NEWS
FOREX NEWS
BROKER NEWS

Russia’s $2.3B Sanction Dodge: The Dollar and Euro Lifeline
Quick Overview Sanctions Defied: Despite Western sanctions, Russia has received $2.3 billion in dollar and euro cash since March 2022, primarily through the UAE and Turkey. High Demand for Hard Currency: Russians prefer dollars and euros for personal savings

Zimbabwe Plans Shift to Gold-Backed Currency by 2026
Quick Overview Zimbabwe’s Transition: Zimbabwe is phasing out the US dollar for a gold-backed currency, ZiG, aiming for monetary sovereignty. Dedollarisation Roadmap: The government approved a roadmap to make ZiG legal tender, with details on implementation pending. Monetary Independence:

Japanese Stocks Drop 30% Amid Yen’s 7-Month High Surge
Quick Look: Japanese stocks saw their most significant decline since 1987, linked to a surge in the yen. The unwinding of the yen carry trade, exacerbated by Japan’s rising interest rates, triggered a selloff. Factors like profit-taking, U.S. economic

Ringgit’s 2.3% Surge: Biggest Rally in 9 Years
Quick Look: The Malaysian ringgit rallied 2.3% on Monday, its biggest gain since October 2015. Malaysia’s efforts to attract foreign investments and reduce subsidies have boosted the ringgit. The ringgit hit its strongest level since April 2023, driven by

Russia’s $2.3B Sanction Dodge: The Dollar and Euro Lifeline
Quick Overview Sanctions Defied: Despite Western sanctions, Russia has received $2.3 billion in dollar and euro cash since March 2022, primarily through the UAE and Turkey. High Demand for Hard Currency: Russians prefer dollars and euros for personal savings

Zimbabwe Plans Shift to Gold-Backed Currency by 2026
Quick Overview Zimbabwe’s Transition: Zimbabwe is phasing out the US dollar for a gold-backed currency, ZiG, aiming for monetary sovereignty. Dedollarisation Roadmap: The government approved a roadmap to make ZiG legal tender, with details on implementation pending. Monetary Independence:

Japanese Stocks Drop 30% Amid Yen’s 7-Month High Surge
Quick Look: Japanese stocks saw their most significant decline since 1987, linked to a surge in the yen. The unwinding of the yen carry trade, exacerbated by Japan’s rising interest rates, triggered a selloff. Factors like profit-taking, U.S. economic

Ringgit’s 2.3% Surge: Biggest Rally in 9 Years
Quick Look: The Malaysian ringgit rallied 2.3% on Monday, its biggest gain since October 2015. Malaysia’s efforts to attract foreign investments and reduce subsidies have boosted the ringgit. The ringgit hit its strongest level since April 2023, driven by
BROKER NEWS

Sterling Hits $1.32: The Surge, Risks, and Future Outlook
Quick Look Sterling’s Surge: The British pound has surged to a 2.5-year high against the dollar, driven by expectations of prolonged high UK interest rates. Interest Rate Risks: Sterling’s strength hinges on the Bank of England’s rate policies; unexpected cuts could lead to rapid declines. Speculative Bets: The pound’s

U.S. Data Spurs 50 Bps Rate Cut Speculation



USD/CHF Rises to 0.8830 Amid Mixed US PCE Data

Indian Rupee Approaches Historic Low of 83.75


Russia’s $2.3B Sanction Dodge: The Dollar and Euro Lifeline
Quick Overview Sanctions Defied: Despite Western sanctions, Russia has received $2.3 billion in dollar and euro cash since March 2022, primarily through the UAE and Turkey. High Demand for Hard Currency: Russians prefer dollars and euros for personal savings and international travel, despite official anti-Western currency rhetoric. Sanctions

Zimbabwe Plans Shift to Gold-Backed Currency by 2026
Quick Overview Zimbabwe’s Transition: Zimbabwe is phasing out the US dollar for a gold-backed currency, ZiG, aiming for monetary sovereignty. Dedollarisation Roadmap: The government approved a roadmap to make ZiG legal tender, with details on implementation pending. Monetary Independence: ZiG’s introduction in April was slow, but the government

Japanese Stocks Drop 30% Amid Yen’s 7-Month High Surge
Quick Look: Japanese stocks saw their most significant decline since 1987, linked to a surge in the yen. The unwinding of the yen carry trade, exacerbated by Japan’s rising interest rates, triggered a selloff. Factors like profit-taking, U.S. economic concerns, and seasonal trends amplified market turmoil. Wall Street

Ringgit’s 2.3% Surge: Biggest Rally in 9 Years
Quick Look: The Malaysian ringgit rallied 2.3% on Monday, its biggest gain since October 2015. Malaysia’s efforts to attract foreign investments and reduce subsidies have boosted the ringgit. The ringgit hit its strongest level since April 2023, driven by strategic economic maneuvers. Analysts see potential for the ringgit’s

Sterling Hits $1.32: The Surge, Risks, and Future Outlook
Quick Look Sterling’s Surge: The British pound has surged to a 2.5-year high against the dollar, driven by expectations of prolonged high UK interest rates. Interest Rate Risks: Sterling’s strength hinges on the Bank

U.S. Data Spurs 50 Bps Rate Cut Speculation



USD/CHF Rises to 0.8830 Amid Mixed US PCE Data

Indian Rupee Approaches Historic Low of 83.75
