Currencies

World Liberty Financial, a crypto venture backed by former U.S. President Donald Trump, is set to release a stablecoin audit and launch a new application.What Happened: The Trump family, which has a 75% claim on the venture’s net revenues, has been the subject of criticism due to potential conflicts of interest with the president’s involvement in crypto, reported Reuters.Zak Folkman, the co-founder of the platform, said the audit would be carried out “within days.” Folkman revealed that the app would make it seamless for lay investors to use cryptocurrencies.World Liberty...

BENGALURU: Thai stocks and the baht were largely unchanged on Wednesday after the country’s central bank stood pat on rates, as expected, while other Asian currencies and equities rose as easing Middle East tensions lifted sentiment. The currency was trading at 32.623 per dollar after the Bank of Thailand (BoT) held its key one-day repurchase rate steady at 1.75%, following two straight cuts, as it looked to preserve limited policy space amid persistent trade uncertainty and deepening political turmoil. The central bank said its monetary policy remained accommodative to support...

London, United Kingdom, June 25th, 2025, ChainwireGSR, crypto’s capital markets partner, today announced a major upgrade to its systematic over-the-counter (OTC) trading platform, expanding foreign exchange (FX) capabilities, improving execution quality, and broadening access to hundreds of digital assets.The upgraded platform introduces both a new user interface (UI) and an enhanced API, giving clients flexible access to GSR’s liquidity across more than 200 digital assets and 25 fiat currencies. This development reflects GSR’s mission to help founders and institutions scale with confidence by providing institutional-grade liquidity solutions that meet the...

Summer 2025 Numis ExhibitionsEven on vacation, numismatists often seek opportunities to expand their currency knowledge. One of the most rewarding ways to combine leisure with learning is by visiting local museums and exploring their numismatic collections. To help you plan your next getaway with some numismatic fun in your schedule, here’s a curated list of must-see currency-related exhibitions at museums from around the world.MONEY!Displaying 3,000 objects that span Sweden’s numismatic history, the “MONEY!” exhibition at The Economy Museum offers visitors the opportunity to immerse themselves in the country’s currency culture....

Deutsche Bank's Mapping the World's Prices report provides a fascinating overview of the cost of living in the world's major metropolises. This year's edition, published on June 24, covers more than 69 cities and highlights striking dynamics in the cost of living and the crucial role of currencies in the hierarchy of the world's cities.Let’s take a closer look at where life is cheapest, where it’s painfully pricey, and how currency movements are drawing the map.Most expensive metropolises: A matter of strong currenciesThe United States and Switzerland dominate almost every...

Israel Defence Forces (IDF) on Wednesday, June 25, confirmed eliminating Haytham Abdullah Bakri, the head of the Al-Sadiq Currency Exchange in Southern Lebanon, for allegedly transferring Iranian funds to Hezbollah. IDF said the exchange facilitated the transfer of funds originating from the Iranian Quds Force for "Hezbollah terrorist activities."Hezbollah is a Shia Muslim political and military group in Lebanon with strong backing from Iran. Israel views Hezbollah as a terrorist organisation along with many other countries, including the UK and the  US."The 'Al-Sadiq' Currency Exchange serves as a funds storage and...

KUALA LUMPUR, June 25 — The ringgit ended firmer today, supported by easing geopolitical tensions and weaker United States (US) economic data that continued to pressure the greenback.At 6 pm, the local rose to 4.2335/2405 versus the greenback from Tuesday’s close of 4.2410/2465.SPI Asset Management managing partner Stephen Innes said that the sustained ceasefire between Israel and Iran has dampened safe-haven demand for the US dollar.“In addition, the US consumer confidence index deteriorated by 5.4 points in June, falling to 93.0 from 98.4 in May,” he told Bernama.Innes said that...

There’s a ridiculous and pervasive notion in finance that US Treasuries are “risk-free.” People repeat it without thinking. Financial institutions build portfolios around it. And for decades, the world has blindly accepted this trope as gospel. As a result, bonds—especially US Treasuries—became the de facto savings account for many in the post-1971 fiat currency era. Widely regarded as a safe, conservative place to park capital, US Treasuries are the foundation of the massive global bond market. The global bond market is now estimated to be worth more than $300 trillion....

Asian currencies were largely stable on Wednesday as traders watched for signs of whether a fragile U.S.-brokered ceasefire between Israel and Iran would hold. The U.S. dollar also remained rangebound amid mixed signals on interest rates from the Federal Reserve. The Australian dollar (AUDUSD) was flat despite weaker-than-expected CPI data for May, which reinforced expectations of further interest rate cuts by the Reserve Bank of Australia (RBA). Headline inflation dropped to a seven-month low, while trimmed mean inflation hit its lowest level in over three years. The data followed soft...

The Indian Rupee gains further to near 85.80 against the US Dollar amid a positive market mood.Oil prices are likely to fall further if Israel and Iran keep to the truce.Fed’s Powell reiterates that the central bank needs more clarity on tariffs before reducing interest rates.The Indian Rupee (INR) extends winning streak against the US Dollar (USD) for fourth trading day on Wednesday, posts a fresh weekly high around 85.80. The USD/INR pair slides further as the Indian currency strengthens on expectations that the Oil price could decline further, following...