Currencies

XRP's uptrend shows signs of faltering, suggesting trader exhaustion and potential profit-taking.Ripple enhances investment in the Asia-Pacific region with $5 million in additional funding to support blockchain innovation.A 5% increase in the derivatives market's Open Interest and a spike in trading volume to $5.2 billion suggest growing bullish sentiment.Ripple (XRP) is slowly losing its grip on the uptrend printed on Monday, following last week's sell-off, triggered by the public spat between United States (US) President Donald Trump and Tesla's CEO Elon Musk. Meanwhile, the cross-border money remittance token hovers at...

CANADA - 2025/05/20: In this photo illustration, the Circle Internet Group logo is seen displayed on ... More a smartphone screen. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty Images Circle Internet Group (NYSE:CRCL) experienced an impressive IPO last week. The stock was initially priced at $31 per share, opened at $69, and is currently trading at $115 – which is a nearly 270% increase in just a few days. Circle is a stablecoin issuer and created USDC, a dollar-pegged stablecoin intended to operate like fiat...

In recent years, a new form of digital money has been gaining serious attention across the globe — Central Bank Digital Currencies, or CBDCs. These are government-backed digital versions of a country’s official currency. Unlike traditional cryptocurrencies, CBDCs are controlled and issued by central banks, making them a hybrid of traditional money and digital innovation.The rise of CBDCs is not just a technological development. It marks a potential turning point in how money functions in the modern economy, especially in relation to the crypto market. As more countries test or...

EUR/USD loses traction and trades slightly below 1.1400 on Tuesday.US-China trade negotiations are set to continue in London.The pair could gather bearish momentum if 1.1360-1.1350 support fails.EUR/USD stays on the back foot in the European morning on Tuesday and trades slightly below 1.1400 after posting marginal gains on Monday. Growing optimism about the United States (US) and China resolving the trade dispute helps the sentiment around the US economic outlook improve and supports the US Dollar (USD). Euro PRICE Today The table below shows the percentage change of Euro (EUR)...

KUALA LUMPUR, Malaysia, June 10, 2025 /PRNewswire/ --The currency exchange app tKash has officially surpassed 2 million transactions, marking a significant milestone that highlights its rapid growth and the strong trust it has earned from users across Asia. tKash reaches a new milestone 2 MILLION+ transactions! Since its launch just over a year ago, tKash has rapidly gained user trust with its fast, secure, and transparent money exchange service. Today, the app serves users in Thailand, Singapore, Nepal, India, Indonesia, Vietnam, Bangladesh, the Philippines, Pakistan, and Myanmar, providing a trusted solution...

The rupee rose 8 paise to 85.58 against the US dollar in early trade on Tuesday (June 10) amid a positive opening in the domestic equity markets and robust foreign capital inflows.However, rising global crude oil prices and a strengthening US dollar against overseas currencies capped sharp gains in the local unit, according to forex traders. At the interbank foreign exchange, the rupee opened at 85.62 against the greenback before rising further to 85.58, higher by 8 paise against its previous close. The local unit appreciated 2 paise to close...

This is CNBC's live blog covering Asia-Pacific markets. Asia-Pacific markets climbed Tuesday as investors awaited further details on the U.S.-China trade talks, which were slated to continue for a second day. Officials from both countries held trade talks in London on Monday, with U.S. Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer meeting with their Chinese counterparts led by Beijing's Vice Premier He Lifeng. Christian Floro, market strategist at Principal Asset Management foresees that the "market backdrop will remain uncertain in the period ahead," in light...

This is CNBC's live blog covering Asia-Pacific markets. Asia-Pacific markets traded mixed Tuesday as investors awaited further details on the U.S.-China trade talks, which were slated to continue for a second day. Officials from both countries held trade talks in London on Monday, with U.S. Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer meeting with their Chinese counterparts led by Beijing's Vice Premier He Lifeng. Christian Floro, market strategist at Principal Asset Management, foresees that the "market backdrop will remain uncertain in the period ahead," in...

Stay informed with free updatesSimply sign up to the Global Economy myFT Digest -- delivered directly to your inbox.The writer is a postdoctoral fellow at the University of Oxford and a former US Treasury officialWhen Time magazine put Alan Greenspan, Robert Rubin and Lawrence Summers on its cover in 1999 as “The Committee to Save the World”, the accompanying story omitted an impressive detail. The Committee to Save the World did not spend a cent to do so. As the US Treasury was faced with the prospect that Congress might leave...

Driven primarily by investors seeking safe havens amid an increasingly uncertain global economy, gold prices have been on a tear recently, reaching an all-time high of approximately $3,500 per ounce in April 2025. Chinese demand has been a critical force propelling gold’s performance. Chinese retail investors have flooded into gold ETFs and set records for billions of purchases; the People’s Bank of China (PBOC) restarted gold purchases after Donald Trump’s reelection and his intensification of the China-U.S. trade conflict.  China’s demand for gold as the global trade system undergoes fundamental...