News with the tag "global finance"

China's foreign exchange (FX) reserves experienced a slight decline despite a record trade surplus, highlighting complex macroeconomic dynamics and capital flow management.

The US Dollar rebounded after a period of weakness, while the British Pound surged due to strong GDP data, impacting the Forex market and potentially influencing cryptocurrencies.

UBS predicts a significant shift in global currency dynamics, with the Euro emerging as a formidable alternative to the US Dollar, driven by monetary policy divergence, economic growth, energy market stability, and current account improvements.