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The United States dollar is the official currency of the United States of America but also is the world’s dominant reserve currency, and it accounts for roughly 62% of global foreign exchange reserves, double that of the Euro and Yen. In fact, the US Dollar has been the world’s reserve currency for over 100 years.
Weekly currency market update—practical actions for SMBs, expats and travellers across AUD, CAD, GBP, NZD, SGD, USD, EUR and JPY
Higher oil prices and Middle East uncertainty have pushed investors back toward safe-haven currencies, especially the US dollar, while adding pressure to oil-importing and risk-sensitive currencies as the Australian dollar.
The U.S. dollar has strengthened as investors move into safer assets, while higher oil prices and rising economic risks weigh on Asian currencies such as the Indian rupee and South Korean won.
Markets are rapidly repricing Australian interest rates higher while the US moves toward cuts — a mix that has historically been powerful for the Aussie dollar.
U.S.-based and choosing between Wise and Revolut? Here’s a clear, current comparison of fees, exchange rates, card/ATM rules, and travel perks—plus who each suits best.
Central banks are moving in different directions—Australia cuts, UK eases despite inflation, and the Fed faces political risks. Here’s what it means for exchange rates and transfer timing.
President Trump has raised U.S. tariffs to an average of 15.2%, targeting Canada, Asia, and Europe, as part of his push to reshape global trade. Markets and currencies reacted with caution amid rising uncertainty.
USD/MXN slipped below 19.00 as Mexico received a 90‑day reprieve from planned U.S. tariffs. The peso gained short‑term support, but traders now watch Fed policy and U.S. jobs data for the next market move.
Global FX markets shifted in July as the USD gained on trade deals, the British pound climbed, and the Indian rupee weakened on tariff fears. Here’s what’s driving currencies now.
The Swedish Krona's recent appreciation has led to a decline in public support for adopting the Euro, with only 32% favoring the change in 2025.
The euro's unexpected rise against the U.S. dollar presents the European Central Bank with a complex dilemma, as global trade tensions and policy shifts influence currency dynamics.
The US dollar surged following a 90-day tariff pause between the US and China, while the euro and yen weakened in response.
The Australian dollar has experienced notable fluctuations in 2025, influenced by global trade tensions and domestic political developments, including the Labor Party's decisive election win. However, trade tariffs imposed by the United States, have introduced volatility, prompting market analysts to adjust their forecasts for the currency's trajectory.
The Canadian dollar has defied political chaos and global headwinds to emerge as one of 2025’s unlikely winners. But with minority rule in Ottawa, soaring household debt, and a high-stakes U.S. election looming, the loonie’s fight for survival is just beginning.
Milei publicly criticizes economists as econo-swindlers and alarmists as Argentina's peso has defied expectations by maintaining stability following recent economic reforms, easing inflation concerns and bolstering investor confidence.
Deutsche Bank forecasts a significant weakening of the US dollar in the coming years, potentially reaching its lowest level against the euro in over a decade.
The US dollar has fallen to a three-year low, influenced by Trump policy back flips plus concerns over the Federal Reserve's independence. Analysts suggest a long-overdue correction due to overvaluation and trade tensions.
The Swiss franc has experienced a significant surge, reaching a decade-high against the U.S. dollar, following President Donald Trump's announcement of increased tariffs on Chinese imports. This development has intensified market volatility and heightened demand for safe-haven assets.
The Chinese yuan has weakened following the United States' decision to impose a 125% tariff on Chinese imports, prompting the People's Bank of China to intervene to stabilize the currency.
The Mexican peso's outlook for 2025 is clouded by potential U.S. tariffs and economic policies, with forecasts indicating possible depreciation against the U.S. dollar.
Discover how movements in the U.S. dollar affect everyday Americans — from the cost of imports and vacations to global competitiveness for exporters and manufacturers.
Recent U.S. trade policies, including aggressive tariffs on auto imports, have introduced significant volatility in global currency markets, affecting major currencies such as the euro, British pound, and Japanese yen.
The Indonesian rupiah approaches a historic low against the U.S. dollar, influenced by fiscal worries and government spending plans.
Markets have shifted focus to the interest rate policies of other major central banks rather than the Federal Reserve.
Economists are predicting that the Canadian dollar could rise this year.
The Singapore dollar has reached its highest level in over a decade, boosting outbound travel and curbing inflation, but also putting pressure on exporters and local businesses. While sectors like logistics and finance benefit, retail, hospitality, and exports face challenges from the strong currency.
The dollar has risen by nearly 20% against most currencies compared to this time last year.
Stronger AUD, USD, and GBP Against the Euro due to surprise French elections.
USD sinks as global currency markets react to slowing US inflation, prompting a surge in other major currencies and a potential end to the Federal Reserve's tightening cycle.
Central Bank Chief's Removal Sets Stage for Currency Liberalization
The US dollar weakened due to fears surrounding regional banks, while the ECB offered a less hawkish than expected 25bp hike and the Swiss franc is in demand.
As we approach mid-year a shift has taken place in currency markets with the narrative less about interest rates hikes and more risk-off worries about a possible coming recession.
During periods of rising inflation a stronger currency benefits a country's economics as this makes imports cheaper.
Recognising the impact of Covid-19 on its financial status, Hong Kong has reverted back to more lenient travel restrictions to improve life for both residents and travelers.
Global travel starts to revive so Thailand moves to revive its Economy after the pandemic.
'Fortress New Zealand' opening after two long pandemic years - Aussies welcomed back first on April 12th and other nationalities on 1st of May.
The operator of the world’s largest financial messaging system, SWIFT, has said it will trial real-time "gpi" cross-border payments using the European Central Bank's TIPS platform. SWIFT gpi has been developed as an answer to distributed ledger payment technologies, most notably Ripple.
The Democratic Republic of Timor-Leste, also known as East Timor, gained independence from Indonesia on 20 May 2002, making it the first new sovereign state of the 21st century. Despite its rich natural beauty and unique cultural heritage, includi...
Ecuador is a country located in South America, bordered by Colombia to the north, Peru to the east and south, and the Pacific Ocean to the west. It is known for its diverse culture and natural beauty. The country's official language is Spanish and...
El Salvador suffers horribly from bad press. While gang violence still dominates international headlines – and keeps so many adventurous travelers at bay – the vast majority of this beautiful country remains untouched by 'the troubles.'
...
The Turks and Caicos are a chain of 40 islands that include Providenciales (the most populated island) as well as Grand Turk, Middle Caicos, South Caicos, and more. There are two airports—on Providenciales and Grand Turk—but most travelers fly...
By staying informed and planning ahead, you can effectively manage your finances while enjoying your visit to the United States.
More than 60 islands –some of them uninhabited and declared national parks– make up this Caribbean archipelago, a paradise of lush rainforests, white-sand beaches and bright turquoise waters. Most visitors travel to the British Virgin Islands ...
This trio of islands in the Caribbean Sea—St. John, St. Croix, and St. Thomas—is famous for its dreamy beaches, world-class snorkeling and diving, and pristine beaches. Travelers can find accommodations for all types of trips, whether it's a f...
Currently, NZD/USD is trading close to its 90-day average and supported by risk sentiment. The pair is holding near recent highs but remains pressured by safe-haven flows into the USD amid geopolitical tensions.
Currently, CAD/USD is holding near its recent range as the current drivers are not aligned clearly enough for a stronger directional call. Over the next few sessions, this balance may persist unless a clearer...
Currently, GBP/USD is trading near the 3-month average at 1.3568, supported by the rate differential between the Fed and BoE. The pair remains within a recent stable range, but the dominant driver—interest...
Currently, EUR/USD is trading near 1.1715, just above its 90-day average, within a stable range from 1.1417 to 1.1915. Risk sentiment remains the dominant driver, supported by market risk aversion and...
Currently, AUD/USD is trading near the 90-day average at around 0.7202, supported by risk-off flows driven by international tensions. Over the next few sessions, the pair may face pressure and could remain...
Currently, USD/SEK is trading near the 90-day average, holding near recent highs within its recent range. The pair is pressured by risk-off sentiment supporting safe-haven flows.
USD/NOK is trading close to 90-day lows near 9.2490, supported by safe-haven flows amid geopolitical tensions. Over the next few sessions, the pair may remain supported but could face pressure if risk...
Currently, USD/MXN is trading close to recent lows around 17.34, holding near the 7-day low and below its 3-month average. The dominant driver remains risk sentiment, pressured by geopolitical tensions that boost safe-haven flows.
USD/SGD is currently trading near its 90-day average around 1.2742, within a stable 3-month range. The pair is supported by risk-off sentiment and safe-haven flows amid ongoing tensions.
Currently, USD/JPY is trading near the 90-day average at 157.7, holding within its recent 5% range from 152.7 to 160.4. The pair is trading close to its high end amid safe-haven flows driven by geopolitical tensions.
Currently, USD/GBP is trading near 0.737, just below its 3-month average, within a narrow range. The dominant driver remains the rate differential, with the Fed's rate hike expectations outweighing the BoE's signals.
Currently, USD/EUR is trading near the 90-day average, supported by safe-haven flows amid geopolitical tensions. The pair remains within its recent range, but risk-off conditions suggest the US dollar could...
Currently, USD/CHF is trading below its 90-day average within a recent 4.4% range, holding near recent lows. The dominant driver from structured analysis is risk sentiment, supported by safe-haven flows amid geopolitical tensions.
Currently, USD/CAD is trading near 1.3605, just below its 3-month average and within its recent range. Risk sentiment remains biased towards risk-off flows, influenced by geopolitical tensions.
Currently, USD/AUD is trading close to its 90-day average, holding near 1.3885 within a range from 1.3859 to 1.4593. The pair is pressured by a risk-off environment and cautious AUD sentiment, supported by...
Currently, ZAR/USD is trading close to its recent range lows and holding near the 3-month average, pressured by risk-off conditions. Over the next few sessions, the pair may remain supported by safe-haven...
Currently, USD/ZAR is trading close to recent highs within its 3-month range, supported by risk-off sentiment and rising oil prices. Over the next few sessions, the pair may remain supported by safe-haven...
Currently, USD/XPF is trading near the 3-month average within its recent range, supported by risk sentiment and geopolitical tensions. Over the next few sessions, the pair may remain supported and consolidate...
Currently, USD/XOF is trading close to the 3-month average, holding near the lower end of its recent range. The pair is supported by risk-off sentiment and geopolitical tensions.
Currently, USD/XAF is trading near 559.4, holding within a recent range and trading close to its 3-month average. The pair's sideways bias reflects a balance between risk-off sentiment and stable fundamentals.
Currently, USD/WST is trading close to 60-day highs near 2.7442, slightly above its 3-month average. The pair is supported by risk-off conditions driven by geopolitical tensions and safe-haven flows into USD.
Currently, USD/VND is trading close to 90-day highs near 26360, slightly above its 3-month average. The pair is supported by risk-off conditions and safe-haven flows.
Currently, USD/UAH is trading near 7-day lows at 43.95, supported by risk aversion amid rising oil prices and geopolitical tensions. Over the next few sessions, the pair may remain supported, but the overall...
USD/TWD is trading close to 14-day highs at around 31.64, holding near its 3-month average. The pair remains within a narrow range, supported by the rate differential between the US and Taiwan.
Currently, USD/TRY is trading close to 90-day highs at 45.19, supported by a wide rate differential and safe-haven flows. Over the next few sessions, the pair may remain supported by risk-off sentiment and the...
Currently, USD/THB is trading near 32.54, above its 3-month average of 31.97. The pair remains supported by risk-off sentiment amid geopolitical tensions and cautious policy stance in Thailand.
Currently, USD/SBD is trading near its 90-day average at 8.0421, holding within its recent range. The pair remains supported by risk-off sentiment driven by rising oil prices and geopolitical tensions in the Middle East.
Currently, USD/SAR is trading close to 30-day lows around 3.7483, holding near its 3-month average. Safe haven flows are supporting the USD, while geopolitical tensions enhance demand for the dollar.
Currently, USD/QAR is trading close to its 3-month average, supported by rising oil prices and hawkish Fed signals. The pair is near recent highs within the 3-month range, with global risk aversion and energy...
Currently, USD/PLN is trading close to recent highs and holding near the 3-month average, supported by risk-off sentiment driven by geopolitical tensions. Over the next few sessions, the pair may face pressure...
Currently, USD/PKR is trading close to the 90-day average, supported by the rate differential and trading near recent highs within its range. With the pair finding support around recent levels, near-term...
Currently, USD/PHP is trading close to recent highs, holding near the 90-day average and supported by risk-off sentiment. Geopolitical tensions and rising oil prices continue to underpin dollar strength.
Currently, USD/OMR is trading close to its 3-month average, supported by the rate differential as a primary driver. It remains within a narrow range, indicating a lack of directional momentum.
Currently, USD/NZD is trading close to its 3-month average, supported by risk-off sentiment and safe-haven flows. The pair is consolidating within its recent range, with no clear breakout.
Currently, USD/NGN is trading close to 1376, just above its 3-month average of 1367, within a stable range. The dominant driver from structured analysis is risk sentiment, which remains biased towards risk-off.
Currently, USD/MYR is trading close to recent highs near 3.9700, just above its 3-month average of 3.9483. The pair is supported by a risk-off environment and is finding support around the upper end of its recent range.
Currently, USD/LKR is trading near its 90-day high around 319.7, above its 3-month average of 312.8. The pair remains supported by risk-off sentiment amid Middle East tensions and high geopolitical risk.
Currently, USD/KRW is trading near its 7-day lows around 1471, below its 3-month average. The pair is consolidating within its recent range, supported by US interest rate policy and oil prices.
Currently, USD/INR is trading close to 94.90, above its 3-month average of 92.47. The pair is supported by risk-off sentiment driven by geopolitical tensions in the Middle East and elevated oil prices.
USD/ILS is currently trading near 90-day lows around 2.9438, holding near recent support levels. Risk-off sentiment driven by geopolitical tensions in the Middle East supports the ILS.
Currently, USD/IDR is trading close to recent highs, holding near the 90-day average. The pair remains within a narrow range and is supported by global safe-haven demand.
Currently, USD/HUF is trading close to its recent lows, holding near 309.9, which is below the 90-day average of 324.3. Risk-off sentiment remains dominant, helping the forint find some support amid...
Currently, USD/HKD is trading near the 3-month average and within its recent range, supported by the steady USD policy. Over the next few sessions, the pair may remain sideways as the Hong Kong peg holds firm...
Currently, USD/FJD is trading close to 60-day lows near 2.1916, holding near its 3-month average of 2.2125. The pair is consolidating within its recent range, with risk sentiment underpinning its slightly weaker level.
USD/EGP is currently trading close to its recent high at 53.64, supported by safe-haven flows driven by geopolitical tensions and oil price rises. The pair is trading near the 90-day average, with the dominant...
Currently, USD/DKK is trading close to its recent high, supported by risk-off sentiment. The pair remains supported by global risk aversion and energy prices, holding near the 90-day average within a stable range.
USD/CZK is trading close to the 3-month average near 20.79, supported by a rate differential that remains above the 90-day average. The pair is consolidating within its recent range, with risk-off sentiment...
Currently, USD/CNY is trading close to the 3-month range lows near 6.83, holding near its recent level. The dominant driver remains the risk-off sentiment, driven by geopolitical tensions that boost safe-haven demand for USD.
Currently, USD/CLP is trading close to recent highs and holding near the 3-month average. The pair is supported by risk-off sentiment and safe-haven flows into USD.
Currently, USD/BND is trading close to its 7-day lows near 1.2753, holding near the 3-month average. The pair is consolidating within its recent range as risk-off sentiment supports safe-haven flows.
Currently, USD/BRL is trading near the 3.2% below its 3-month average within a 7.3% range. The pair is holding near recent lows, supported by risk-off conditions and elevated oil prices.
Currently, USD/BHD is trading close to 7-day highs near 0.3778, supported by safe-haven flows from geopolitical tensions in the Middle East. Over the next few sessions, the pair may remain supported by...
USD/AED is trading close to its recent highs and remains within its recent range. The dominant driver is the rate differential, supported by the US’s higher interest rate environment.
Currently, TRY/USD is trading near 90-day lows around 0.022130, supported by risk-off sentiment and geopolitical tensions. Over the next few sessions, the pair may remain under pressure if safe-haven flows...
Currently, SGD/USD is trading close to recent highs near 0.7858, holding near its 3-month average. The pair's range-bound movement is supported by risk-off sentiment and geopolitical tensions heightening global risk aversion.
Currently, SEK/USD is trading close to its 90-day average near the recent highs, supported by risk-off sentiment due to geopolitical tensions and USD safe-haven flows.
Currently, QAR/USD is trading near its 3-month average, supported by risk-off sentiment and regional instability. Over the next few sessions, the pair may remain supported by safe-haven flows and the hawkish...
Currently, PLN/USD is trading near its 90-day average, supported by risk-off sentiment and geopolitical tensions. The pair is consolidating within its recent range, with safe-haven USD finding support from risk aversion.
Currently, PKR/USD is trading near its 3-month average within a stable range, supported by external buffers but pressured by inflation risks. Risk-off sentiment driven by geopolitical tensions and higher oil...
Currently, PHP/USD is trading near its recent lows within a 3-month range, implying limited downside from the risk-off environment. The pair remains supported by safe-haven flows driven by geopolitical...
Currently, NOK/USD is trading near recent highs, supported by risk-off sentiment and the USD’s strength from geopolitical tensions and higher oil prices. Over the next few sessions, the pair may remain...
Currently, MYR/USD is trading close to recent lows at 0.2519, holding near the 14-day lows and below its 3-month average. Risk-off sentiment driven by geopolitical tensions supports the US Dollar and pressures...
Currently, MXN/USD is trading just above its 3-month average within a stable range, supported by risk-off market sentiment and US dollar strength. The pair is consolidating within recent highs, indicating...
Currently, KRW/USD is holding near recent highs around 0.000680, trading close to its 3-month average. Risk-off sentiment continues to support USD, with safe-haven flows spilling into the dollar.
Currently, JPY/USD is trading close to its 3-month high, supported by safe-haven flows amid geopolitical tensions. The pair remains within a stable range near its recent highs, with the risk sentiment...
Currently, INR/USD is trading close to its 90-day lows, holding near 0.010537, around 2.6% below its 3-month average. The dominant driver from structured analysis is risk sentiment, with safe-haven flows supporting USD.
Currently, HUF/USD is trading near recent highs within its 3-month range, supported by risk-off conditions and safe-haven flows into USD. Over the next few sessions, the pair could face downside pressure if...
Currently, DKK/USD is trading near recent highs, supported by risk-off conditions and safe-haven flows. The pair remains within its recent 3-month range, but is influenced by cautious risk sentiment.
Currently, CHF/USD is trading near its 3-month average within a stable range, with risk-off sentiment supporting the Swiss franc. Over the next few sessions, the pair may face downward pressure as global risk...
Currently, BRL/USD is trading close to recent highs within a 7.4% range, supported by risk-off sentiment and geopolitical tensions. Over the next few sessions, the pair may face downward pressure as risk...