Dollar rebounds against taka after BB intervention
Dollar rebounds against taka after BB intervention

After four consecutive days of depression, the US dollar strengthened against the Bangladeshi taka on Tuesday. Following intervention of Bangladesh Bank to stabilise the foreign exchange market, the dollar appreciated by Tk 1.40 in a single day on Tuesday. According to Bangladesh Bank data,...

Taka rises fast – what’s causing the dollar to slip?
Taka rises fast – what’s causing the dollar to slip?

The US dollar has sharply depreciated against the Bangladeshi taka, falling nearly Tk3 in just one week, amid rising remittance inflows, lower import demand, and weakening private investment. While the stronger taka may ease import costs, experts warn it could hurt exporters and remittance...

BTMA warns of looming factory closures amid severe textile sector crisis
BTMA warns of looming factory closures amid severe textile sector crisis

The Bangladesh Textile Mills Association (BTMA) has raised an alarm over the worsening crisis in the countrys primary textile sector, warning that continued inaction could soon force many mills to shut down. In a statement issued Sunday, BTMA President Showkat Aziz Russell highlighted a series of...

Dollar steady, Asian stocks mixed amid tariff uncertainty
Dollar steady, Asian stocks mixed amid tariff uncertainty

The U.S. dollar traded near a two-and-a-half-week high on Wednesday, while copper prices hit an all-time high after President Donald Trump announced a 50% tariff on the metal, reports Reuters. Trump also hinted at upcoming levies on semiconductors and pharmaceuticals, adding pressure to Wall...

Bangladesh Bank aims to bring inflation down to 5%: Governor
Bangladesh Bank aims to bring inflation down to 5%: Governor

Bangladesh Bank Governor Dr. Ahsan H Mansur has said that the central bank aims to bring inflation down to 5 percent, setting a more ambitious target than the governments goal of 6.5 percent. He made the remarks on Tuesday while speaking at the inauguration of the Google Pay service at a hotel in...

Dollar sinks on tariff threats, geopolitical jitters and Boeing crash
Dollar sinks on tariff threats, geopolitical jitters and Boeing crash

The dollar plunged on Thursday after US President Donald Trump threatened higher unilateral tariffs on trade partners, and oil slipped as traders evaluated the probability behind reports that Israel could be gearing up to strike Iran. Stock markets in the United States, Europe and Asia all...

Reserves increasing, relief in dollar market
Reserves increasing, relief in dollar market

The country appears to have overcome its months-long dollar crisis, as remittance inflows surge and foreign exchange reserves climb, offering relief to the banking sector and importers. Banks are no longer facing shortages of US dollars, central bank officials said Wednesday. Instead, Bangladesh...

Dollar rebound loses steam with trade in focus
Dollar rebound loses steam with trade in focus

The dollar took a breather on Thursday, following a sharp bounce after US President Donald Trump backed away from threats to fire Federal Reserve Chair Jerome Powell and his administration opened the door to a softer stance on China tariffs. After dipping below 140 yen on Tuesday, the dollar has...