Currencies

BENGALURU: Most Asian currencies inched slightly up on Monday as the dollar lost ground in volatile trading, while equities fell due to the intensifying conflict between Israel and Iran, with investors awaiting several central bank meetings this week. Bank Indonesia is set to announce its monetary policy decision on Wednesday, hours before the US Federal Reserve, and is broadly expected to keep its benchmark interest rate steady after a surprise rate cut last month. The Bangko Sentral ng Pilipinas (BSP) is expected to cut its key policy rate by 25...

Road Town, British Virgin Islands, June 16, 2025 (GLOBE NEWSWIRE) -- In many frontier and emerging markets, local currencies are not a source of stability-they are a source of fear. From Argentina to Nigeria, from Lebanon to Zimbabwe, the value of national currencies has been eroded by inflation, capital controls, and geopolitical instability. As citizens struggle to protect their savings and businesses fight to settle cross-border transactions, one tool is quietly gaining ground: stablecoins. Amid this growing shift, Victus Global has announced the expansion of its FX and stablecoin settlement...

MUMBAI: The Indian rupee experienced choppy trading before ending nearly flat on Monday as a broad based decline in the U.S. dollar blunted risk aversion spurred by the escalation in the Iran-Israel conflict. The rupee closed at 86.0650 against the U.S. dollar, nearly unchanged from its close of 86.08 in the previous session. The South Asian currency hovered in a 85.9525-86.23 range on the day with traders pointing to exporter hedging, oil prices and broad-based dollar weakness among the cues that impacted its trajectory. While “traders were biased towards buying...

NEW YORK :Stock indexes closed higher after last week's losses and a barrel of oil got $1 cheaper on Monday as investors took heart from reports that Iran was seeking to end hostilities with Israel, and stayed confident in their predictions for a busy week of central bank meetings.Oil prices fell after the Wall Street Journal reported Iran was seeking a truce following an attack by Israel on Friday that raised fears of wider conflict, sent oil prices soaring, and weighed on stocks.Sources told Reuters that Iran has asked regional...

NEW YORK/LONDON :U.S. stock indexes climbed and oil fell from last week's highs on Monday after conflict between Israel and Iran left crude production and exports unaffected, while investors stayed braced for a week packed with central bank meetings.Geopolitics loomed large as Group of Seven leaders began annual talks in Canada. Iranian strikes on Israel and a promise of retaliation were followed by a Wall Street Journal report that Tehran was seeking an end to hostilities, against a backdrop of existing international strains prompted in part by Donald Trump's tariff...

NEW YORK :Stock indexes stayed higher after last week's losses and a barrel of oil got $1 cheaper on Monday as investors took heart from reports that Iran was seeking to end hostilities with Israel, and stayed confident in their predictions for a busy week of central bank meetings.Oil prices fell after the Wall Street Journal reported Iran was seeking a truce following a surprise attack from Israel on Friday that raised fears of wider conflict, sent oil soaring, and weighed on stocks.Sources told Reuters that Iran has asked regional...

Emerging markets are bracing for potential economic turbulence as President Donald Trump intensifies his rhetoric on tariffs, threatening to impose unilateral rates on trading partners within weeks. With the United States being a key market for many emerging economies, the uncertainty surrounding these tariff threats is casting a long shadow over their growth prospects.The absence of meaningful trade deals with the US ahead of the July 8 deadline, when Trump’s 90-day pause on broad tariffs expires, could spell trouble for emerging markets. With just one agreement finalized with Britain and...

By Dharamraj Dhutia and Nimesh Vora MUMBAI, June 16 (Reuters) - The direction of Indian government bonds and rupee this week will hinge on how the Israel-Iran conflict unfolds and its impact on crude oil prices, while the extent to which the central bank steps in to manage currency volatility will be crucial. Crude prices had soared on Friday following Israel's attack on Iran. On Monday, Brent crude jumped at open before pulling back. Brent, which climbed past $78 at open on Monday, was last at $74.78. The Israel-Iran conflict...

Traders are betting it has, despite geopolitical fears. by Vinícius Andrade, Zijia Song and Maria Elena Vizcaino Investors are betting the months-long rally in emerging markets has further to run even as tariff threats and escalating geopolitical tensions signal a rocky path ahead. Money managers from Lazard Asset Management Ltd. to Pictet Asset Management Ltd. have been scooping up Latin American local bonds, Asian currencies and some high-yield sovereign debt. The optimism — fueled by fading concerns about Trump’s trade policies — got a fresh boost last week after a string of...

The Indian Rupee ticks higher after sliding to near 86.20 against the US Dollar.Tehran threatens to close the Strait of Hormuz to disrupt the Oil supply chain.Investors expect the Fed to leave interest rates steady on Wednesday.The Indian Rupee (INR) surrenders early losses after posting a fresh two-month low near 86.20 against the US Dollar (USD) and ticks up to near 86.00 during European trading hours on Monday. The USD/INR pair faces pressure as the US Dollar (USD) falls back, with the US Dollar Index (DXY) retreating to near 98.00...