Latest News for: Global currency trading

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SA Rand’s trajectory in 2025 to be shaped by global and domestic factors

Independent online (SA) 14 Feb 2025
... currency market ... His administration’s unpredictability in trade and foreign policy could disrupt global markets, with emerging market currencies like the rand bearing the brunt of these fluctuations.
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BRICS is dead if it messes with dollar Trump

Beijing News 14 Feb 2025
US President Donald Trump has declared the BRICS trade and development group "dead" and threatened to impose massive tariffs on all imports from its member nations if they proceed with plans to establish a common currency.
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Europe vows retaliation if Trump imposes global reciprocal tariffs

Cryptopolitan 14 Feb 2025
... taking place now.” Instead, BRICS countries are focusing on trading in their local currencies to reduce their reliance on the US dollar ... Trump moves to reshape global trade with new tariff strategy.
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Insurance sales boom sparks NT depreciation fears

Taipei Times 14 Feb 2025
The demand was mainly driven by better returns on the products compared with banks’ foreign-currency deposits ... The NT dollar is already weakening due to the threat of a global trade war and the nation’s large interest-rate discount to the US.
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'The damage is already done': Why Ken Griffin thinks Trump's tariffs are chipping away at ...

Business Insider 14 Feb 2025
So when the country responsible for the world's global reserve currency starts pursuing antagonistic trade policies with its partners, it doesn't bode well for international business and US hegemony, Griffin believes.
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China's economy poised for steady growth in 2025: central bank

People Daily 14 Feb 2025
China will accelerate institutional reforms and high-standard financial market opening, with measures to advance the yuan's global use in cross-border trade and investment, and deepen international currency cooperation, the central bank added ... .
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BRICS won’t launch a common currency in 2025 but still plans to cut dollar reliance

Invezz 13 Feb 2025
... a shift in global trade strategies ... The idea of a shared BRICS currency has raised concerns in the US, with Trump openly criticizing any attempt to challenge the dollar’s role in global trade.
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Brazil rejects Brics currency, aims to rely less on dollar

Business Day 13 Feb 2025
Three of the sources said Brazil is instead pushing reforms within Brics to ease international payments in local currencies, opening the door to less dependence on the dollar for global trade, though they said that is not the main objective.
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Aluminium Federation of South Africa expresses concern to US tariff hike

Yieh Corp 13 Feb 2025
Analysts warn that Trump’s hardline trade stance could spark a global trade war, with Asian markets already showing declines and commodity-linked currencies, including the ...
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Mirae Asset's spot gold ETF surpasses $2.5 bil. in net assets

Korea Times 13 Feb 2025
Mirae Asset Global Investments said Thursday that the spot gold exchange-traded fund (ETF) operated by its subsidiary, Global X Australia, surpassed $2.5 billion in net assets ... sold in a single trade.
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Trump’s actions mask deeper fears of dollar decline

Mail Guardian South Africa 13 Feb 2025
Notably, Brics+ has proposed the establishment of a new global payment system, BricsPay, and is exploring the creation of a Brics currency to facilitate trade among member states and potentially reduce their reliance on the US dollar.
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Wrong policies, not free trade, will fail Washington

China Daily 13 Feb 2025
It's like going back to the days of the British Empire's preferential trade system or the post-World War I period when countries had separate currency zones (pound, franc, mark) and fragmented global trade.
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US tariffs will weaken US dollar If nations strike back, Bank of America says

Hong Kong Standard 13 Feb 2025
So far, US tariffs have lifted the world’s reserve currency thanks to its haven appeal as levies risk upending global trade flows and increase inflationary risks in the US.
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Dollarization: Should Colombia Adopt the US Dollar?

Colombia One 12 Feb 2025
By using a strong currency, many of the costs associated with currency exchange, especially in international trade, would be eliminated. Since much of global trade is already conducted in dollars, ...
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Stop moaning – the economy is in better shape than it looks

The Daily Telegraph 12 Feb 2025
If Britain is hurtling towards a sterling crash, nobody has told the global currency markets. The pound is today trading at the top of its post-Brexit referendum range against the euro near €1.20.
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