Our Scans · (FS.5.05) Foreign Exchange · Weekly Summary

• [New] Risk factors such as regulatory shifts in Italy and Spain, or foreign exchange volatility in Latin America, could quickly reshape Enel's expected outlook. Simply Wall St
• [New] Financing considerations are crucial as Turkish lira loans carry interest rates near 46%, while foreign currency financing introduces additional exchange rate risk. Investropa
• [New] Geopolitical Risks: External factors - such as changes in trade relations, foreign exchange fluctuations, or global mining standards-can swiftly impact operational continuity. Farmonaut
• [New] Growth forecasts for 2026 have been downgraded for India, Maldives, and Nepal, driven by weaker export prospects, growing foreign exchange pressures, and social unrest, respectively. World Bank
• [New] The aggressive gold accumulation by central banks, as evidenced by gold's record share of global foreign exchange reserves, underscores a strategic pivot by nations seeking to de-risk their portfolios from potential U.S. economic and political vulnerabilities. FinancialContent
• [New] While the external sector has shown resilience, with exports and remittances strengthening foreign exchange reserves to $26 billion in August, sustaining momentum will depend on reviving domestic investment. The Business Standard
• If the dollar's status weakens, it could lead to a more fragmented global currency system, increasing volatility and transaction costs in foreign exchange markets. Economic Times
• London Stock Exchange Group is preparing to offer hard credit functionality on its interbank foreign exchange venue - a move it hopes will further accelerate the pace of electronification for FX swaps. FX Markets
• In developing markets, many telecoms face squeezed margins due to high inflation and currency risks - for instance, MTN (a big African carrier) warned of forex impacts on earnings, and some are raising prices. Bez Kabli
• Revolut will operate using a prepaid payment instrument license and a forex services license, both secured from the Reserve Bank of India. Fintech Singapore
• Further exchange-rate depreciation, some economic recovery in Argentina (from a weak comparison base), recovery in agricultural crop output and an increase in oil production will contribute positively to foreign sales. Coface
• The Turkish lira (TRY) and Mexican peso remain sensitive to commodity prices and trade tensions, offering both risk and reward for tactical investorsMy Forecast for the Most Volatile Forex Pairs in 2025. Ainvest
• If collaboration replaces rivalry, Nigeria could unlock lower fuel prices, job creation, and forex savings. Punch Newspapers
• The loss of 2025's harvest will not just hurt farmers; it will force Pakistan to import vast quantities of wheat, vegetables, and cotton, straining foreign exchange reserves and driving up the import bill. UkrAgroConsult
• To prevent the yuan from rapidly appreciating, the People's Bank of China intervenes in foreign exchange markets by buying other currencies, pushing money into circulation (a potential inflation risk). Visual Capitalist
• The dollar's share of global foreign exchange reserves - currently at 58% - could fall by as much as 10 percentage points over the next decade. 1818 Society - World Bank Group Alumni
• Foreign exchange interventions risk limited effectiveness if global risk aversion remains high, and may invite criticism from trading partners wary of competitive devaluations. Global Financial Market Review
• Pro-lira interventions were likely ongoing and could persist in the near term, further depleting foreign exchange reserves. / Turkey Turkish Minute
• Foreign exchange analysts at ING expect the Euro to Dollar exchange rate (EUR / USD) to struggle to move much above 1.15 in the near-term outlook; however, they do consider that a serious loss of dollar confidence could lead to EUR / USD strengthening to 1.20/1.25. Exchange Rates UK
• The Mexican economy is going through a moment of relative macroeconomic stability, with GDP growth projected at around 2.4% by 2025, inflation that has moderated to levels close to 4.4%, and an exchange rate that has shown strength against the dollar, thanks to growing flows of foreign investment. Adventures in CRE
• The yen has suffered under the weight of the wide interest rate gap between Japan and other major economies, and even a subtle signal of future policy adjustment or hints at intervention in foreign exchange markets could be enough to jolt trading across global asset classes. investing.com

Last updated: 04 November 2025