Addis Ababa Hotel Faces 60% Currency Devaluation CrisisForex

Addis Ababa Hotel Faces 60% Currency Devaluation Crisis

Quick Overview Menu Prices Vanish: The Samra Hotel in Addis Ababa omits prices on its menu, reflecting the nation’s inflation…

A Calm After the Storm: FX Markets Steady Amidst VolatilityForex

A Calm After the Storm: FX Markets Steady Amidst Volatility

Quick Overview Market Recovery After Volatility: Global markets recovered on Friday after a turbulent week marked by the highest volatility…

The Indian Rupee: From Strength to StruggleForex

The Indian Rupee: From Strength to Struggle

Quick Look: The rupee started the year strong, leading the emerging Asian currency market against the US dollar. It is…

Ethiopia’s Birr Devalued 30%, Unlocks $10.7B IMF LoanForex

Ethiopia’s Birr Devalued 30%, Unlocks $10.7B IMF Loan

Quick Look: Ethiopia’s birr devalued by 30% to unlock a $10.7 billion loan from the IMF and World Bank. Devaluation…

USD/CHF Drops Amid Weak Jobs Report and Market TurmoilForex

USD/CHF Drops Amid Weak Jobs Report and Market Turmoil

Quick Look: Weak US Jobs Report: The USD/CHF decline is driven by weaker US job data, which reduces confidence in…

Japan’s Forex Strategy: Stability and VigilanceForex

Japan’s Forex Strategy: Stability and Vigilance

Quick Look: Urgent Forex Monitoring: Suzuki emphasized the need to monitor forex volatility closely to mitigate economic disruptions. Stable Currency…

Ethiopian Birr Devalued by 30% Amid Major Economic ShiftForex

Ethiopian Birr Devalued by 30% Amid Major Economic Shift

Quick Look: Currency Devaluation: Following eased currency restrictions, Ethiopia’s birr dropped 30% against the US dollar. Policy Change Motivation: This…

AUD/USD Stable at 0.6550 Pending Key Economic DataForex

AUD/USD Stable at 0.6550 Pending Key Economic Data

Quick Look: AUD/USD Stability: Due to market anticipation and uncertainty, the currency pair remains steady around 0.6550. Inflation Data: Australia’s…

Yuan Internationalisation Grows 22.9% in 2023Forex

Yuan Internationalisation Grows 22.9% in 2023

Quick Look: The yuan saw a 22.9% year-on-year growth in 2023, highlighting its rising global utilisation. Enhanced financial infrastructure in…

GBP/USD Drops 0.5%, BoE Rate Cut ExpectedForex

GBP/USD Drops 0.5%, BoE Rate Cut Expected

Quick Look: GBP/USD closed down by 0.5%, marking the second consecutive weekly decline. The Bank of England is anticipated to…