News: Currency — Bazar361
Latest news on Iran's economy, currency, gold and capital markets.
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Iran's Rial Crashes Past 2 Million Per Dollar as Sanctions Tighten
Iran's rial crashed past 2 million per dollar on open markets as US financial pressure mounts. Citizens face collapsing purchasing power amid food price surges and skyrocketing medical costs.
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China's Yuan Strengthens Toward 6.60 as BofA and MUFG Align on Appreciation
USD/CNY fell to 6.72 as the Yuan logged its strongest level in over three years. BofA and MUFG both target 6.60, driven by exporter conversion flows and an undervalued currency.
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Iran's Rial Hits Record Low as U.S. Prepares New Sanctions Wave
Iran's rial plunged to a record 2.02 million per dollar on the open market as the U.S. announced sweeping new sanctions targeting digital assets, gold, aviation, and shipping. Treasury Secretary Bessent called the move an economic D-Day for Tehran.
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Canadian Dollar Rallies as Oil Climbs and USD Weakens
The Canadian Dollar extended gains Thursday as WTI crude topped $85.58 and fading Fed rate-hike bets weighed on the US Dollar, driving USD/CAD to 1.3776.
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New Zealand Dollar Climbs Above 0.5950 on China Rate Hold
NZD/USD climbed to 0.5955 after China held lending rates steady for a 15th straight month. ING forecasts the pair reaching 0.60 within six months.
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Currency Swings Are Reshaping Who Wins in Global Coffee Markets
Currency volatility is reshaping coffee supply chains, with producers in Colombia, Brazil, and Ethiopia absorbing losses in local terms that dollar-denominated buyers never see. Exchange rate moves — more than spot prices — are driving sourcing decisions across origins.
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Pound Slips to Two-Week Low Against Canadian Dollar
GBP/CAD slid to a two-week low as Brent oil topped $90, lifting CAD. UK GDP was solid but durability concerns capped Sterling. Inflation data from both countries dominate the week ahead.
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Naira Holds Steady Against Dollar as Traders Eye CBN Liquidity
The Nigerian naira held near ₦1,367/$ in the official market on August 13, while the parallel rate stayed around ₦1,410-1,425, leaving a ₦58 spread. The CBN's liquidity efforts have brought relative calm after last year's volatility.
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Pound Strikes Two-Week High Against New Zealand Dollar
GBP/NZD climbed to a two-week high near NZ$2.3044 as risk-off sentiment hit the Kiwi amid stalled US-Iran ceasefire talks. UK Q2 GDP data is the next key catalyst.
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Pound Consolidates Above $1.35 as Markets Eye US Inflation Data
GBP/USD held near $1.3502 as Middle East tensions lifted the dollar and oil toward $90/barrel. Wednesday's US CPI print is the next key catalyst.
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Dollar Falls for Fourth Straight Day on Hormuz Deal Optimism
The dollar dropped to 183,500 tomans for a fourth straight session amid Hormuz maritime deal optimism and ebbing speculative demand.
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GBP/NZD Rebounds from Two-Month Low as NZ Unemployment Surges
GBP/NZD rebounded 0.5% from a two-month low after New Zealand unemployment hit a decade-high 5.6%, scaling back RBNZ rate-hike bets. Stronger UK services PMI added further support for sterling.
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Korean Won Hits 10-Month High on Surge in Exporter Dollar Sales
The Korean won climbed to its 10-month high of 1,414.55 per dollar, driven by surging exporter dollar sales including SK Hynix. The won has gained over 9% this quarter, leading Asian currencies.
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U.S. and Japan Stage First Joint Yen Intervention in Over 30 Years
The U.S. and Japan staged their first joint yen-support intervention in over 30 years after the currency hit a 40-year low. Markets fear a carry-trade unwind could send shockwaves through global tech stocks.
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South Korea Sold $28 Billion to Defend the Won in 2025
South Korea sold a net $28 billion in 2025 to defend the won, ranking third globally for FX intervention. The U.S. Treasury cleared Seoul of currency manipulation, while scrutinizing China's simultaneous $323 billion purchase via state banks.
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Korean Won Surges 5% on SK Hynix Nasdaq Windfall, but Structural Ceiling Looms
The Korean won surged 5% in July, fueled by SK Hynix's $26.5B Nasdaq IPO. Analysts see further gains capped by structural capital outflows.
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Taiwan Dollar Holds Near NT$32.2 Despite Foreign Investor Outflows
The Taiwan dollar closed at NT$32.248 per USD Monday, recovering from early losses as Central Bank intervention and exporter dollar sales countered 12 sessions of sustained foreign investor outflows.
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NBU Holds Dollar, Euro, and Zloty Rates Steady on July 18
Ukraine's central bank held official exchange rates steady on July 18, with the dollar at 44.62, euro at 51.16, and zloty at 11.82 UAH.
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Won Rises Past 1,500 per Dollar Ahead of SK Hynix ADR Listing
The South Korean won climbed past 1,500 per dollar for the first time since May, lifted by expectations of up to $30 billion in SK Hynix ADR-related inflows.
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Yen Hits 40-Year Low as 170-per-Dollar Scenario Gains Traction
The yen has hit a 39-year low near 161 per dollar, with analysts flagging 170 yen as a real risk unless Japan enacts structural reforms and the BOJ accelerates its rate hikes.