Currency News

South Korean Won Retreats as Investors Cautious Before Fed, BOJ

By Y-Sing Liau

South Korea’s won headed for its steepest drop in almost a week as investors awaited policy...

India Pledges $1 Billion in Economic Aid to Afghanistan

By NIHARIKA MANDHANA

Tightening ties between the two countries is likely to raise concern in Pakistan

China's yuan ends firmer, c.bank denies it is stabilising currency

China's spot yuan finished firmer on Monday as state-owned banks sold dollars, traders said

Turkey, Russia explore option to use local currencies

Goal is to let Russian citizens visiting Turkey pay in rubles and Turks visiting Russia pay in...

Border closure means heavy losses for Afghan traders

Afghan traders worried fruit exports are rotting after two-week border closure

Iraq Islamic banks see opportunity for expansion

By Arno Maierbrugger

Despite all the instability and continued sectarian violence in parts of Iraq, the country’s few...

Republic of Iraq ratings affirmed at 'B-/B'; outlook stable

By Matthew Amlôt

S&P Global Ratings affirmed its 'B-' long-term and 'B' short-term foreign and local currency...

Iran, South Korea to begin trade in euros

Iran and South Korea are to start trading in euros, legally circumventing U.S. sanctions on...