Foreign Exchange

Why Is UAE's Central Bank Cracking Down on Finance Firms?
Markets Why Is UAE's Central Bank Cracking Down on Finance Firms?

In a striking move that has reverberated through the financial sector, the Central Bank of the UAE has unleashed a robust enforcement campaign, levying fines surpassing D###70.3 million ($101 million) on a range of financial institutions. This sweeping action targets banks, money exchange houses,

What's Driving Cuba's Informal Currency Market Crisis?
Markets What's Driving Cuba's Informal Currency Market Crisis?

In a nation where economic stability remains elusive, Cuba's informal currency market has become a stark reflection of deeper financial turmoil, with exchange rates for major currencies like the US dollar (USD) and euro (EUR) soaring to unprecedented levels, highlighting the Cuban peso's (CUP)

US CPI Impact on Global Currency and Commodity Markets
Markets US CPI Impact on Global Currency and Commodity Markets

In the ever-evolving landscape of global finance, few economic indicators carry as much weight as the U.S. Consumer Price Index (CPI), a critical measure of inflation that reverberates through currency and commodity markets worldwide, shaping expectations and driving volatility. With the latest

US Inflation Data Sparks Fed Policy and Market Concerns
Markets US Inflation Data Sparks Fed Policy and Market Concerns

The economic landscape in the United States is currently under intense scrutiny as the latest inflation data, particularly the Consumer Price Index (CPI) release, looms on the horizon with the potential to significantly alter the trajectory of both Federal Reserve policy and market sentiment.

Chainlink and ICE Partner to Bring FX, Metals Data On-Chain
Markets Chainlink and ICE Partner to Bring FX, Metals Data On-Chain

In a groundbreaking stride for both the financial and blockchain industries, Chainlink, a prominent decentralized oracle network, has joined forces with Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), to revolutionize how data integrates into blockchain

Dollar Hits Record High of 399 CUP in Cuba's Informal Market
Markets Dollar Hits Record High of 399 CUP in Cuba's Informal Market

In a striking reflection of Cuba's deepening economic turmoil, the U.S. dollar has soared to an unprecedented value of 399 Cuban pesos (CUP) in the informal market, inching perilously close to the 400-peso threshold, which highlights the severe challenges facing the national currency. This alarming

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