South African rand strengthened, leading gains among major and emerging-market currencies, and stocks and bonds rallied after South African President Jacob Zuma backtracked on this decision to...
The Swiss National Bank left interest rates at a record low and maintained its pledge to intervene if needed to push back against pressure on the...
The South African rand continued to trade at its worst ever levels against the dollar on Tuesday (8 December), amid a stagnant local economy, and rising...
Goldman Sachs Group Inc. raised its forecasts for the euro after its call that the European Central Bank would send the shared currency tumbling as much...
European Central Bank Cut its Deposit Rate European stocks erased gains, government bonds dropped and the euro recovered from a seven-month low after the European...
India’s central bank left interest rates unchanged after four cuts this year to meet inflation targets that are starting to look more vulnerable. Governor Raghuram Rajan...
The euro’s worst year in a decade is looking even grimmer after the Chinese yuan’s inclusion in the International Monetary Fund’s basket of reserve currencies. The...
IMF Approves Chinese Yuan As Reserve Currency International Monetary Fund’s executive board, which represents 188 member nations have decided the Yuan meets the standard of...
The world’s biggest pension fund posted its worst quarterly loss since at least 2008 after a global stock rout in August and September wiped $64 billion...
Finally International Monetary Fund (IMF) is set to include Chinese Yuan in its Special Drawing Rights (SDR) reserve currency on Monday, November 30. The board is...
