“India’s Rupee Strengthens Against the US Dollar Amid Fed’s Uncertain Outlook”
The Indian rupee is gaining ground against the US dollar, driven by the uncertain stance of the Federal Reserve and falling crude oil prices.
US Dollar
GBP/USD Drops Following Bank of England’s Indication of Fewer Future Rate Increases
GBP/USD dropped following Bank of England’s indication of fewer future rate increases and revised economic forecasts.
Forecast for GBP/USD Exchange Rate – British Pound Strengthens on Wednesday
British pound strengthens on Wednesday, surpassing 1.23 level and potentially reaching 1.2450, with Federal Reserve’s monetary policy being a factor.
USD/JPY: Dollar/Yen Climbs After Bank of Japan Maintains Ultra-Easy Policy
The Bank of Japan’s decision to maintain its yield curve control policy has resulted in a sharp decline in the Japanese Yen, and an increase in the value of the US Dollar.
Central Bank of Russia Disposes of Yuan Worth $47 Million in January
Russia has sold the equivalent of almost $47 million of yuan in January to purchase roubles to compensate for budget shortfall created by decreased oil and gas revenues.
Asian Currencies are taking A Hit Against the US Dollar
Asian currencies have fallen due to worries about China’s slowing economic development and remarks from the US Federal Reserve.
