Dollar hits 5-month high against euro; yen weakest since 1990
NEW YORK, April 16 (Reuters) - The dollar reached a five-month high against the euro on Tuesday after Federal Reserve...
Asian Currency
Rupee drops to record low, other Asian currencies tank against US dollar. Here’s why – Firstpost
Most Asian currencies have become weaker due to a stark rise in the value of the US dollar. The jump...
Indian rupee drops to record low on Middle East worries, Fed rate outlook
MUMBAI, April 16 (Reuters) - The Indian rupee dropped to a record low at open on Tuesday, tracking losses in...
Rupee to struggle on worries over oil prices, weak risk
MUMBAI, April 15 (Reuters) - The Indian rupee is expected to be under pressure at open on Monday, possibly dipping...
Rupee under pressure but avoids record low on possible cenbank support
MUMBAI, April 15 (Reuters) - The Indian rupee fell on Monday on worries over a broader conflict in the Middle...
Emerging Markets Battle Weak Currencies Amid Dollar Might
Currency intervention has become a key battleground in emerging markets, especially Asia, as the latest leg up in the dollar...
Morning Bid: De-risking, seeking safety as Middle East tensions rise
April 15 (Reuters) - A look at the day ahead in Asian markets.Asian markets are set to open on the defensive on Monday, with heightened tensions in the Middle East spurring strong demand for safe-haven assets like the dollar, gold and U.S. Treasuries at the expense of stocks and local currencies.Investor sentiment was already veering towards the negative following the U.S. bank earnings-driven equity market slump on Friday - JP Morgan shares had their biggest fall in almost four years and world stocks lost the most in six months.U.S. stock...
Imports from Mexico cost more in March. Imports from China, less.
The price of imported products rose 0.4% in March, according to the Labor Department. That’s a bigger monthly increase than...
The $2bn dirty-money case that rocked Singapore
By Kelly NgBBC News, Singapore12 April 2024Image source, Getty ImagesImage caption, The case has put Singapore's status as a financial...
China yuan’s global FX reserve footprint smallest in 3 years
ORLANDO, Florida, April 11 (Reuters) - Far from cementing itself as a world reserve currency, China's yuan has gone into reverse and its share of global foreign exchange reserves has fallen to the lowest level in three years.The gradual but steady decline since early 2022 reflects the international community's unease about investing in China, which was crystallized in huge foreign capital outflows from Chinese equity and bond markets last year.While China's economy finally seems to be emerging from its post-lockdown funk in the wake of COVID-19, there are plenty of...