Currencies

* Philippine peso falls 1% to 2-month low * Indonesian rupiah down 0.3% ahead of rate decision * Federal Reserve decision due later in the day By Himanshi Akhand June 18 (Reuters) - Emerging Asian currencies lost ground on Wednesday as the dollar held firm on safe-haven demand as the conflict between Israel and Iran entered a sixth day, while investors awaited rate decisions by the Bank Indonesia and the Federal Reserve. Iran and Israel launched new missile strikes at each other, with U.S. President Donald Trump calling for Iran's...

Hyperliquid (HYPE) sustained a 6% decline on Tuesday despite Nasdaq-listed Eyenovia's (EYEN) announcement that it entered a securities purchase agreement to offer up to $50 million of its shares to establish a HYPE treasury. The company announced that it has entered into a securities purchase agreement for a $50 million private placement in public equity offering (PIPE) with accredited investors. The company plans to use the funds to establish its Hyperliquid treasury. Bitcoin price declined sharply, falling from the June 10 open of $110,274 to the June 11 close of $105,671,...

Pan Gongsheng expects several key global currencies to coexist in mutual competition and checks and balancesPublished Wed, Jun 18, 2025 · 12:07 PM China’s central bank governor announced plans to promote the international use of the digital yuan and called for the development of a multi-polar global currency system, where several currencies dominate the world economy.China will establish an international operation centre for e-CNY in Shanghai, People’s Bank of China Pan Gongsheng said on Wednesday (Jun 18) at the Lujiazui Forum, a gathering of financial industry executives and regulators. Policymakers will...

The euro is the world’s second most-used currency, accounting for 20% of global foreign exchange reserves, compared with 58% for the US dollar.Harbour Asset Management fixed income and currency strategist, Hamish Pepper, said the greenback was losing favour, but only at the margin.“The set-up to this weakness in the US dollar was one where pretty much everybody acknowledged that it was an expensive, or overvalued, currency,” Pepper said.AdvertisementAdvertise with NZME.“It’s been supported by this exceptional US economy, so that was the story.“All of a sudden we’ve had a couple of...

Asian currencies traded mostly flat on Wednesday as investors remained risk-averse amid the ongoing Israel-Iran war and uncertainty ahead of the U.S. Federal Reserve’s policy decision. The dollar edged slightly lower, pressured by weak U.S. economic data, while traders anticipated dovish signals from the Fed. The South Korean won and Taiwan dollar were notable outperformers. The USD/KRW dropped 0.6%, nearing an eight-month low, while the USD/TWD fell 0.4%. The Chinese yuan (USD/CNY) and Singapore dollar (USD/SGD) held steady, while the Australian dollar (AUD/USD) rose 0.2%. India’s rupee (USD/INR) also remained...

June 18 (Reuters) - The following table shows rates for Asian currencies against the dollar at 0209 GMT. CURRENCIES VS U.S. DOLLAR Currency Latest bid Previous Pct day Move Japan yen 145.190 145.25 +0.04 Sing dlr 1.285 1.2857 +0.05 Taiwan dlr 29.530 29.535 +0.02 Korean won 1372.400 1374 +0.12 Baht 32.608 32.56 -0.15 Peso 56.776 56.256 -0.92 Rupiah 16315.000 16275 -0.25 Rupee 86.240 86.24 +0.00 Ringgit 4.245 4.243 -0.05 Yuan 7.187 7.1874 +0.01 Change so far in 2025 Currency Latest bid End 2024 Pct Move Japan yen 145.190 157.180 +8.26...

Share this article A decade ago, “money” likely meant whatever sat in your wallet or bank account. Today, it might also include a token in a cryptocurrency wallet, a balance in a fintech app, or a line of code in a smart contract. The definition of currency is expanding rapidly, driven not by central banks, but by technology.This shift isn’t just moving from cash to digital. It’s reimagining trust, value assignment, and control of exchange systems. In this landscape, traditional fiat currencies and decentralized digital assets coexist and sometimes collide.The...

The currencies of several major Asian oil importers are ripe for depreciation with the spike in international crude oil prices, analysts at Barclays said on Tuesday. The surge in oil prices in recent days “implies risks for most Asian FX in the near term, especially if oil prices move even higher in the event of a potential escalation in the conflict,” Barclays’ analysts wrote in a note to clients carried by Bloomberg. Thailand’s baht, the Taiwanese dollar, and the Korean won are the Asian currencies most at risk of depreciation, according to...

Analysts at JPMorgan Chase are reportedly doubling down on emerging market currencies as the US dollar struggles its way through 2025. In an analysis published last week, the financial giant’s strategists gave emerging market currencies an overweight recommendation and predicted the market wouldn’t panic over the Israel/Iran conflict, Bloomberg reports. “The next few days will be critical to this, but we would think there is a higher bar for markets to panic.” The recommendation is the opposite of what the investment bank’s strategists predicted earlier this year. Following President Donald...

In our ever more globalized society, we have technology to thank for the unprecedented connectivity we enjoy, both in our ability to fly or sail practically anywhere and have face-to-face video chats from halfway around the globe. It’s easy to forget that the turn-by-turn directions we use on our phones or locations we tag on social media are all built upon time-honored analog maps that have been used for centuries. And forget virtual credit cards—remember good old fashioned cash? For South African artist Faith XLVII (previously), cartography, money, and national...