The Kenyan shilling remained unchanged against the U.S. dollar on Tuesday, as data from the London Stock Exchange Group (LSEG) showed no significant movement in the exchange rate. At 0931 GMT, the shilling was quoted at 128.90/129.40 per dollar, matching the same rate it closed at the previous day. This stable performance has caught the … Read more
The US dollar has gained momentum on Tuesday, following the imposition of new tariffs by the Trump administration on Chinese goods, setting off a chain reaction in global markets. As Washington’s economic moves on Beijing come into play, swift retaliation from China has led to a sharp decline in both the Chinese yuan and the … Read more
President Donald Trump has issued a strong warning to the BRICS nations—Brazil, Russia, India, China, and South Africa—threatening to impose 100% tariffs on their goods if they continue to push for alternatives to the US dollar in international trade. This warning comes at a critical juncture as these influential emerging economies intensify their efforts to … Read more
Amid mounting trade tensions, the US dollar has shown remarkable resilience, continuing to climb in value despite the looming threat of tariffs. US President Donald Trump’s aggressive stance on international trade, including the imposition of 100% tariffs on goods from countries like China, Canada, and Mexico, has triggered concerns among global economies. However, the strength … Read more
In a daring declaration that could send shockwaves through global trade, US President Donald Trump has issued a stern warning to the BRICS nations, threatening to impose a staggering 100% tariff on any attempts to replace the US dollar as the world’s primary reserve currency. The threat, delivered on Thursday, underscores Trump’s unyielding commitment to … Read more