BRICS members India and Indonesia have officially agreed to abandon the US dollar and settle cross-border transactions in local currencies. The decision to use local currencies for trade comes even ...

(Bloomberg) -- Having lived with the risk of a US-led trade war for weeks, financial markets reopened Monday needing to deal with the reality. Investors favored the US dollar in early Asia trading ...

(Bloomberg) — Having lived with the risk of a US-led trade war for weeks, financial markets reopened Monday needing to deal with the reality. Investors favored the US dollar in early Asia trading and ...

At the close of business yesterday, the dollar was 278 rupees 42 paise at interbank. The open market dollar rate in Pakistan normally mirrors free trade, whereby products can travel without ...

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was at 108.20, higher by 0.37 per cent. Brent crude, the global oil benchmark, was quoted 0.83 ...

Emphasising the need to maintain the dollar's role in global trade, Trump stated that any country trying to create a Brics currency or adopting another currency will face economic consequences.

Crypto markets are a sea of red alongside a growing risk aversion in traditional markets, and Trump's tariffs are to blame.

LONDON/SINGAPORE, Feb 3 (Reuters) - Financial markets that had bet trade wars could be avoided are reassessing the risks of a sharp global slowdown, resurgent inflation and a pause to Federal ...

Mexico and China triggered fears of a broad trade war and hit to global growth. The US dollar shot to a record peak against the Chinese yuan in offshore trading, and its highest against Canada's ...

while the effect of the trade war is expected to be felt far beyond North America. The Mexican peso tumbled more than 2% to touch its lowest in nearly three years against the dollar. Mexican ...

The rupee traded in a narrow range and depreciated 3 paise to 86.65 against the U.S. dollar in early trade on Friday (January 31, 2025), ahead of the release of Economic Survey 2024-25.

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