The sharp drop in the rate of Iranian rial has provoked strong demand for US dollars in recent months. Iranians are trying to save money against the backdrop of economic problems and American sanctions. Therefore, the shadow foreign exchange market is thriving in the country. In January, one dollar...

The Indonesian rupiah touched its lowest point over 20 years which prompted the country’s central bank to say that it will need to intervene to control the situation.   According to media reports, foreign exchange and bond markets would be the areas where it would intervene, said the...

There is no need to keep Canada in the North American Free Trade Agreement, said U.S. President Donald Trump and asked the US Congress not to interfere into the trade negotiations for the Nafta rejig deal, else he would be forced to completely cancel the trilateral trade agreement.   ...

The pound sterling dropped below $ 1.29 on Monday after the Brexit strategy of the British Prime Minister Theresa May was criticized by both the European Union and her own party. As each side warns about the risk of hard Brexit, investors are becoming increasingly sensitive to news of the...

No trade deal emerged from the US and Canada negotiations on the rejig of the North American Free Trade Agreement (Nafta) following which United States President Donald Trump told the Congress that his administration wanted to move ahead with a bilateral trade agreement with Mexico.  ...

A mega trade deal that would turn out to be the largest in the world ever and creating the largest trading block in the world is being hastened between 16 economies in Asia Pacific region even as the United States president Donald Trump is getting ready to impose another round of tariffs on import...

Following the trade agreement between Mexico and the United States relating to North American Free Trade Agreement (Nafta) trade deal, the negotiations between the US and the third partner Canada have been reported to be going well.  While the negotiations are still ongoing, reports suggest...

The central bank of Argentina raised the key seven-day Leliq rate from 45%, to 60% to stop the peso collapse, which depreciated by more than 50% since the beginning of the year. At the same time, the regulator promised that the rate will remain at this level at least until December 2018. According...

The Argentine government wants to ease concerns surrounding the possibility among investors and markets that the country might not be bale to serve its debt obligations for 2019 and hence the International Monetary Fund (IMF) has bene requested to ensure an early release of funds from a $50bn...