China
China’s offshore yuan traded around 7.26 per USD level, hovering close to a five-month low of 4.275 touched on March 22nd as poor domestic view
April 30, 2024
China’s offshore yuan traded around 7.26 per USD level, hovering close to a five-month low of 4.275 touched on March 22nd as poor domestic view
India’s central bank delayed the introduction of new regulations on exchange-traded currency derivatives, addressing concerns over potential impacts on market volumes. The move follows significant
Russia’s GDP growth accelerated significantly, reaching 7.7% YoY in February, up from 4.6% in January. According to estimates by the Russian Economic Development Ministry, this
NATO allies have expressed concerns about the feasibility of creating a USD 100 bln fund intended to support Ukraine amid its conflict with Russia. During
A trilateral meeting involving Armenia, the US, and the EU is scheduled to take place in Brussels, focusing on support for Armenia’s economic resilience and
Serbia’s parliament decided, in agreement with opposition parties, to conduct new elections for the Belgrade city council on June 2, following the December elections that
Israel implemented measures to scramble navigational signals over Tel Aviv, disrupting traffic due to fears of an Iranian attack. This action aims to thwart GPS-guided
Egypt is negotiating the lease of a natural gas import terminal to enhance its gas imports and prevent energy shortages during the summer. This move
The Paris Club extended Ethiopia’s deadline by three months to secure a preliminary IMF bailout deal, now due by the end of June. The country
Kenya plans to raise capital requirements for banks to enhance their resilience against risks and prepare for regional expansion. Central Bank Governor Thugge announced that
Morocco’s current account deficit significantly declined by almost 81% last year to 9 bln dirhams, attributed to a decrease in the trade deficit and increases
The Nigerian naira continued to appreciate against the USD across several FX markets, notably strengthening by 1.25% at the Nigerian Autonomous Foreign Exchange Market, supported
Tanzania’s central bank has raised its key interest rate from 5.5% amid stable inflation and economic growth. The MPC aims to address an FX shortage
Honduras’ central bank has adjusted its economic growth projection for 2024 to a range of 3.5%-4.5%, up from 3.5%-4.0% in the prior year, acknowledging better-than-expected
Paraguay’s inflation surged to 1.1% MoM in March, reaching a rate of 3.6% YoY, significantly higher than the previous month’s figures and surpassing expectations. The
Peru’s Congress backed President Boluarte’s new Cabinet, with Gustavo Adrianzen appointed as PM amid her low approval rating and an upcoming impeachment debate related to