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MMA Governor Highlights Impact of New Foreign Currency Regulations on Banking System
1729344926 from BANKING
… exchanging foreign currency in banks. He highlighted the challenges … often rely on foreign banks to supplement the necessary … been deposited into the Maldivian banking system. He expressed optimism … their earnings through local banks. Resorts and safaris are …
Banks profitability shifting towards dollarisation-IH
1729335154 from BANKING
… year, enabling registered lenders, banks, or any other financial … withdrawals by foreign-owned banks, international lines of credit … for commercial banks had steadily dried up. … active engagement with regional banking institutions after a 22- …
Several banks are still paying close to 5% for your cash, one month after the Fed cut rates
1729283529 from BANKING
… savings account rates at bigger banks — such as Ally, Synchrony, and … offered by credit unions, not banks. While many credit unions limit … -yield checking account at some banks and credit unions, but expect …
Busiest US Trade Hub Beat Pandemic Cargo Record in Third Quarter
1729272656 from BLOOMBERG
The busiest container complex in the US continues to churn through near-record import volumes as businesses bring goods in ahead of potential tariff increases and avoid hurricane and labor disruptions at alternate ports.
US Dollar Weekly Forecast: Outlook turns to bullish above the 200-day SMA
1729269308 from fxstreet
The US Dollar (USD) had another strong performance these past few days, extending its gains for the third consecutive week, including a test of the critical 200-day SMA around 103.80 when tracked by the US Dollar Index (DXY) for the first time since the summer.
GBP/USD Weekly Forecast: Pound Sterling appears ‘sell-the-bounce’ trade
1729261921 from fxstreet
The Pound Sterling (GBP) fell for the third consecutive week against the US Dollar (USD), as the GBP/USD pair tested levels below the 1.3000 round level for the first time since mid-August before staging a late recovery.
Trifecta of Fed Rate-Cut Regret Is an Illusion
1729261187 from ADVSRPERSP
We’ve had several weeks of strong data since the Federal Reserve cut policy rates by a half percentage point. It started with a surprisingly robust jobs report, followed by a janky and above-expectations inflation report.
EUR/GBP declines to year-to-date lows after UK Retail Sales, ECB meeting
1729258796 from FXStreet
EUR/GBP declines to fresh year-to-date lows of 0.8295 on Friday as the Pound Sterling (GBP) appreciates against the Euro (EUR) following the release of data showing British shoppers spending extravagantly in September.
US Dollar takes a day off at elevated levels after a steep surge throughout this week
1729253230 from FXStreet
The US Dollar (USD) turns flat to a touch softer on Friday with some profit-taking after steep rallies against many major G20 currencies this week. The slight retracement comes on the back of Chinese economic data and more details on the stimulus
Japanese Yen surrenders intraday gains, hangs near its lowest level since August against USD
1729238738 from FXStreet
The Japanese Yen (JPY) edges higher against its American counterpart during the Asian session on Friday and for now, seems to have snapped a two-day losing streak to its lowest level since early August touched the previous day.
USD/JPY Price Forecast: Pullback could be seen as buying opportunity amid BoJ uncertainty
1729236892 from fxstreet
The USD/JPY pair meets with some supply on Friday and for now, seems to have snapped a two-day losing streak to its highest level since early August, around the 150.30 area touched the previous day.
Trump Vows to Protect the Dollar as Reserve Currency
1729017710 from BLOOMBERG
Former US President and Republican presidential nominee Donald Trump says the US will go to “third world status” if the dollar loses its status as the world’s reserve currency. Bloomberg News Editor-in-Chief John Micklethwait speaks to Trump at an event with the Economic Club of Chicago.
Ethiopian banks to disclose forex fees, commissions
1729014944 from BANKING
… and inputs received from the banking sector, it has now … ministers approved a draft banking business Bill and forwarded … ’s banking sector to foreign investments, with regional banks such … in Ethiopia’s macroeconomic and banking environments. As such, the …