Tax rise warning after Pound's fall and borrowing costs soar as Rachel Reeves criticised for China trip - Sir John Gieve, ...

The pound extended its slide against a resurgent dollar on Thursday morning to hit a 14-month low. The pound weakened 0.7 per cent to $1.23, its weakest since November 2023, as the dollar index, which ...

The USD/CNY exchange rate continued rising, reaching its highest level since September 2023. It rose to a high of 7.3315 this ...

Therefore, the recent decline in the RMB exchange rate is a result of global currencies coming under pressure from the dollar ...

The US dollar's share of global foreign exchange reserves has fallen to a 30-year low as central banks diversify into gold and other currencies.

Yet the dollar consistently bucked the typical seasonal downtrend, drawing unexpected strength, even as a brief rally in US Treasuries at year-end ensued. With the dawn of the new year, the dollar ...

European stock markets retreated Friday, as traders booked profits from a positive start to 2025 and awaited a full return to ...

The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day. The central ...

The Pound to Dollar (GBP/USD) exchange rate dipped to 6-month lows below 1.25 in December before stabilising. Scotiabank expects that a strong US economy and high yields will drive the dollar to ...

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BEIJING (Reuters) - China will ramp up fiscal support for consumption next year by raising pensions and medical insurance subsidies for residents as well as expanding consumer goods trade-ins, its ...