Foreign exchange (Forex) stories - Page 3

Major UK and US firms have reduced forex hedging amid policy uncertainty, but most plan to increase it significantly if interest rates rise in 2026.

Qantas and Airwallex have launched Airwallex Yield for over 625,000 SMEs, enabling returns on idle AUD and USD funds via low-risk money market investments.

iBanFirst appoints Sonia Boudier as Deputy CEO and Aurore Colson as Non-Executive Director to boost its European growth and client services.

Revolut Business launches Flexible Cash Funds in Singapore, offering firms up to 4.48% APY on USD balances with daily returns and easy access.

US and UK finance leaders cut FX hedging to lowest levels since 2024 start, but most will increase cover if interest rates rise next year.

Boku launches a new Innovation Hub in Singapore to develop fintech solutions aimed at simplifying global payments valued at USD $290 trillion by 2030.

The collaboration is set to offer Canadian customers easier international money transfers in over 10 currencies via their existing accounts.

The Bloomberg Code Crunch Hackathon in Singapore showcased top quant and AI talent, with NTU students and financial firms developing innovative investment tools.

Loon will develop a Canadian-dollar stablecoin to offer a domestic alternative to US-dollar stablecoins dominating Canada’s digital market.

Mark Lane has launched Canada’s first FX platform letting entrepreneurial currency professionals run their own client portfolios with flexible hours and higher commissions.

Ripple has acquired GTreasury for USD $1 billion, enhancing its corporate treasury services and expanding digital asset use in global payments.

Global financial authorities are likely to miss their 2027 target to improve cross-border payments, with costs and regulatory hurdles still impeding progress.

A report finds claims of rapid US 'de-dollarisation' exaggerated, warning Australia faces risks due to heavy reliance on the US dollar amid biased global media.

Obita raises $10 million to expand its blockchain-based stablecoin payment network, enhancing low-cost, compliant cross-border settlements globally.

MetaComp has completed the first cross-border payment using its CNT Carbon Stablecoin, enabling same-day EUR to CNH settlement with embedded carbon credits.

The Export Council of Australia and WorldFirst partner to help SMEs tackle AUD volatility and ease global trade with better currency management tools.

MetaComp has launched Ripple's USD stablecoin RLUSD on its StableX platform, offering APAC institutions faster, compliant cross-border payments.

Singapore's Alpha Ladder Group patents a framework for carbon-backed stablecoins, linking real-world decarbonisation projects to blockchain technology for greener finance.

Wise urges New Zealand MPs to end NZD $667m annual losses from hidden foreign exchange fees by enforcing transparency in bank currency conversion costs.

Rising US tariffs have sparked a surge in FX hedging among 91% of North American firms, despite costs climbing 76%, as businesses fight currency-driven profit hits.