Analysts at UBS anticipate a rise in the British pound against the Swiss franc, due to the Bank of England's hawkish monetary policy and inflation concerns.
Asian foreign exchange markets show little change amid escalating Middle East tensions and the RBA's rate hike, reflecting broader global market uncertainty.
The Canadian dollar weakened due to escalating tensions between the U.S. and Iran in the Strait of Hormuz, raising concerns about oil supply stability.
Japan's government warns that foreign exchange speculation amid the yen's surge may destabilize the currency and disrupt the economy's balance.
In April, Denmark’s central bank confirmed its commitment to stabilizing the krone through ongoing currency interventions amid fluctuating economic conditions.
The Colombian peso fell as the central bank kept rates at 11.25%, disappointing investors who anticipated a change amid rising inflation concerns.
Amid rising oil prices and escalating US-Iran tensions, the South African rand faces significant pressure, affecting the fragile local economy and investor's.