The recent upheaval in Cuba's informal currency market has caught the attention of economists and citizens alike, as the U.S. dollar surged to 382 Cuban Pesos (CUP), while the Freely Convertible Currency (MLC) experienced a decline to 255 CUP. Amid this fluctuating landscape, the euro maintained an
Since the regime change in Syria, Aleppo has experienced a dramatic shift in its economic landscape, marked by the widespread use of foreign currencies like the US dollar and the Turkish lira. This transformation, initially heralded as an opportunity for financial freedom, has brought with it a
In today's complex global economy, the policies of central banks play an instrumental role in directing the ebb and flow of currency markets. Economic uncertainty and political developments have compelled institutions like the European Central Bank (ECB) and the U.S. Federal Reserve (Fed) to take
In the world of foreign exchange, the USD/CAD currency pair has been a focal point for investors, analysts, and traders, especially with its proximity to the psychological level of 1.4000. As the pair hovers near this critical mark, questions arise about whether it will breach it soon. The past
Recent developments in the foreign exchange market have been marked by a persistent bearish sentiment surrounding the U.S. dollar, driven by soft economic indicators. Assessments from experts highlight a concerning trend where key economic metrics such as inflation, retail sales, and overall
In recent years, Africa has emerged as a formidable player in the global foreign exchange (forex) market, signaling a transformative phase in the continent’s economic trajectory. Traditionally dominated by developed giants in Europe, Asia, and North America, the forex sector is now witnessing
