As Egypt hopes to free itself from the pressure posed by the dollar, it looks to join BRICS, which some see as a potential counter-alliance and future rival of G7.
The US currency has faced rivals before. Its reserve currency status looks safe while rivals like China's renminbi and the euro are without key advantages underpinning its international appeal.
The U.S. dollar held its ground on Wednesday as traders waited for this week's U.S. consumer price data to see whether it will confirm that inflation is in retreat.
The euro flattened against the…
The Egyptian pound weakened to 26.49 to the dollar on Wednesday, its biggest one-day move since the central bank allowed it to fall by 14.5% on Oct. 27, according Refinitiv Data.
It was about 24…
The pound and Japanese yen edged off multi-month highs against the dollar on Monday as traders, investors and analysts started to speculate whether the greenback's recent bout of weakness was coming…
The dollar fell on Wednesday ahead of a speech by Federal Reserve Chair Jerome Powell and a look at private-sector employment data for November, as it barrelled towards its biggest monthly loss since…
The U.S. dollar held onto losses on Thursday after the minutes from the Federal Reserve's November meeting supported the view that the central bank would downshift and raise rates in smaller steps…
The dollar rose on Thursday, after earlier falling to a one-month low in choppy trading ahead of an expected rate hike from the European Central Bank (ECB).
Meanwhile, the yen gained some footing…
The euro climbed back above parity against the dollar for the first time in a month on Wednesday after poor U.S. economic data reinforced speculation that the Federal Reserve will slow its interest…
Switzerland exited the era of negative interest rates on Thursday when its central bank joined others around the world in tightening monetary policy more aggressively to combat resurgent inflation.
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Since his threat to hit his foe hard, Benjamin Netanyahu has been weighing up both its method and timing. To understand what has been on his mind, it helps to know what it is he is trying to do.
BRICS+ wants to offset Western domination, including via 'de-dollarisation'. It certainly has grown in numbers and influence, but some potential joiners are getting cold feet.
The Iranian foreign minister has just concluded a regional tour, working out who is still a friend, who is frosty, and who might help in other ways in its hour of need
At a time when Islamophobia began to take hold in Europe, the renowned French poet pushed back on misconceptions. His works feature over a hundred references to the Prophet Muhammad and the Quran.
Analysts are asking if this is just another Damascus bluff, gesturing away from Tehran only to emerge backing it, or is this a genuine generational shift, towards the embrace of Arab states?