Currencies

Euro is the second most important currency in the world according to the ECB (symbolic image) Keystone The euro is the second most important currency in the world. The European single currency has defended its international role, the European Central Bank (ECB) announced in Frankfurt.The share of the euro in official global foreign exchange reserves, adjusted for exchange rate changes, was little changed at 20.0 percent. A reserve currency is a globally important currency that is also held by other central banks. The US dollar continues to be used by...

Dubai’s booming real estate market has become even more attractive to foreign investors, as the UAE dirham has weakened against major international currencies such as the British pound, euro, and Indian rupee. This currency shift has significantly reduced property acquisition costs for buyers from the UK, Europe, and India — potentially saving them millions of dirhams compared to earlier this year.According to John Lyons, managing director at Espace Real Estate, the depreciation of the US dollar, to which the UAE dirham is pegged, has played a key role in making...

Rupee appreciated by 6 paise to 85.51 against the US dollar in early trade on Wednesday, supported by strong foreign institutional investor (FII) inflows and a dip in global crude oil prices. According to forex traders, the rupee is expected to trade within a range of 85.40 to 90 during the day, with mid-month demand anticipated for oil, defence, and government-related payments. Also Read:Currency Market News: Rupee gains 4 paise to close at 85.62 vs dollar amid strong FII inflows At the interbank foreign exchange market, the rupee opened at...

Decentralized Finance (DeFi) tokens surge after Paul Atkins’ speech, with Uniswap (UNI), XDC Network (XDC), and Jito (JTO) posting double-digit gains as top performers in the last 24 hours. Uniswap edges lower by over 4% at press time on Wednesday after a spectacular performance of a 26% surge to close a bullish engulfing candle the day before. With a brief pause at $8.67, a three-month high, UNI reverses from the $8.70 supply ceiling to take a breather.  Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are showing early signs of strength as BTC is nearing...

This is CNBC's live blog covering Asia-Pacific markets. Asia-Pacific markets climbed Wednesday as trade discussions between the U.S. and China led to an agreement, representatives from both sides said. The deal is now awaiting a nod from the leaders of the two countries. "We have reached a framework to implement the Geneva consensus and the call between the two presidents," Lutnick told reporters. That echoed comments made to reporters by Li Chenggang, China's international trade representative and a vice minister at China's Commerce Ministry. The talks had continued for a second...

Asian stocks rose on Wednesday as investors welcomed a China-US agreement to lower trade tensions that stoked hopes the economic superpowers will eventually reach a broader tariff deal.After two days of high-profile, closely watched talks in London, the two sides said they had set up a framework to move towards a pact, following negotiations in Geneva last month that saw them slash tit-for-tat levies.The news provided some much-needed relief to markets after US President Donald Trump accused Beijing of violating that deal. The latest round of talks followed a phone...

HONG KONG, June 10, 2025 /PRNewswire/ -- HashKey Exchange, Hong Kong's largest* licensed virtual asset exchange, announced today the expansion of its bank deposit services to cover 32 countries and regions, an increase of 15 from its previous scope. This move significantly broadens users' fiat deposit and withdrawal channels. The platform now supports multi-currency deposits and withdrawals, including offshore Renminbi (CNH), Hong Kong Dollars (HKD), US Dollars (USD), and Euros (EUR), with accepted bank transfers extended to 32 countries/ regions such as Hong Kong China, the United States, the United...

Talks in London came after the US and China accused each other of reneging on a deal reached in May in Geneva, where they tried to start dialing back the trade war. Ahead of the talks, China granted approval to some applications for the export of rare earths. Boeing Co. has also begun shipping commercial jets to China for the first time since early April, indicating a reopening of trade flows.Meanwhile, data Wednesday is expected to show US consumers probably saw slightly faster inflation in May, notably for merchandise, as companies gradually pass...

It has been another uneventful trading session with light newsflow. US equities are slightly higher, US treasury yields have range traded and currency movements have been small, with the NZD tracking just under 0.6050. US and China trade talks entered their second day and were ongoing into the London evening as we go to print.  A Treasury official said the session could stretch into the night as the parties work out technical details, resuming talks at 7am NZ time after a break for dinner. The economic calendar has been light. ...

Non-Banking Financial Company-Micro Finance Institution (NBFC-MFI), CreditAccess Grameen Limited, has secured a $100 million multi-currency syndicated social loan facility. The company, which qualifies as an External Commercial Bank (ECB) under the automatic route of the Reserve Bank of India (RBI), will utilise the proceeds from this loan to be directed toward eligible social projects, supporting CA Grameen’s mission of driving equitable and sustainable progress. The loan comprises Japanese Yen (JPY) and United States Dollar (USD) currencies, predominantly raised from banks in South Asia and the Far East. Headquartered in Bengaluru,...