Currencies

By Wayne ColeSYDNEY (Reuters) -Asian markets kept their nerve on Monday and oil prices climbed anew as the conflict between Israel and Iran showed no sign of cooling, adding geopolitical uncertainty to the world's economic troubles in a week packed with central bank meetings.The escalation came just as Group of Seven leaders were gathering in Canada with U.S. President Donald Trump's tariffs already straining ties.Yet there was no sign of panic among investors with currency markets calm and Wall Street stock futures steadying after an early dip.Oil did add 1%...

In a significant step toward integrating cryptocurrency into mainstream commerce, Shopify has announced a partnership with Coinbase and Stripe to enable merchants to accept payments in USD Coin (USDC), a stablecoin pegged to the U.S. dollar. This collaboration aims to provide businesses with a seamless, efficient, and cost-effective way to process digital transactions, marking a pivotal moment for the adoption of blockchain-based payments in everyday retail. USDC, a stablecoin developed by Circle and supported by Coinbase, is designed to maintain a stable value, making it an attractive option for merchants...

There was a risk-off tone across financial markets which began on Friday afternoon after Israel launched unilateral strikes against Iran’s nuclear programme. The subsequent retaliation by Iran further escalated the conflict. The S&P declined 1%, after recovering off the session low, on hopes of a de-escalation via diplomatic channels. However, the US-Iran meeting in the weekend was cancelled, and with no sign of a let-up in hostilities, risk sensitive assets face a challenging start to the trading week. Gold prices advanced above US$3430 pre ounce. Israel’s pre-emptive strike led to...

United States President Donald Trump's annual report for the year ended December 2024 shed light on his multi-million dollar earnings from cryptocurrency investments, where one of the sources of income was from World Liberty Financial (WLF). Also Read | SEC Taps New Director of Trading and Markets Who Has Crypto TiesAccording to the 234-page official US Government Ethics report released on President Donald Trump, the 79-year-old Republican earned nearly $57.4 million from his World Liberty Financial business.The filing data also showed that Trump earned $57,355,532, or nearly $57.4 million, from the...

The dollar has sunk to its lowest in three years as rapidly changing US trade policy unsettles markets and expectations build for Federal Reserve rate cuts, fuelling outflows from the world’s biggest economy.While the dollar was higher on Friday, lifted by safe haven flows as Israel launched a strike on Iran, it was still set for its biggest weekly drop in a month.It is also down almost 10% against a basket of major currencies this year, leaving other countries grappling with unanticipated FX moves that are having a knock-on impact...

Erode (Tamil Nadu) June 15 (PTI) Fake currency notes equivalent to Rs 3.92 lakh have been seized in this district and a person has been arrested, police said on Sunday. Officials of the Bangalapudur Police station have secured the person with fake currency notes on Saturday night and are searching for another, they said. Police personnel patrolling the Kodiveri Road at Dasa Gounden Pudur (DG Pudur) village came across two motorcycles coming fast. On seeing the police, they left their bikes and ran away, police said. Show Full Article Police...

India on Saturday noted with satisfaction that the USD 400 million currency swap between Male and New Delhi helped boost Maldives' foreign exchange (FX) reserves. The comments by the Indian High Commission in Maldives came after global credit rating agency Fitch on Thursday affirmed the archaepelagic country's sovereign rating at 'CC', among other reasons due to increased Forex reserve. The Indian High Commission in Maldives, in a post on X, said it noted with satisfaction that the FX reserves increase in the island nation was driven by the USD 400...

Male, Jun 14 (PTI) India on Saturday noted with satisfaction that the USD 400 million currency swap between Male and New Delhi helped boost Maldives’ foreign exchange (FX) reserves.     The comments by the Indian High Commission in Maldives came after global credit rating agency Fitch on Thursday affirmed the archaepelagic country's sovereign rating at 'CC', among other reasons due to increased Forex reserve.     The Indian High Commission in Maldives, in a post on X, said it noted with satisfaction that the FX reserves increase in the island nation was driven...

NEW YORK :The U.S. dollar advanced against major currencies, including the euro and yen, on Friday as markets grabbed safe-haven assets as geopolitical tensions in the Middle East following an Israeli attack on Iran.Israel launched a barrage of strikes across Iran on Friday, attacking nuclear facilities and missile factories and killing a swath of military commanders. In retaliation, Iran's state news agency IRNA said hundreds of ballistic missiles had been launched.U.S. President Donald Trump, Israel's main ally, urged Iran to reach a deal on its nuclear program, suggesting that Tehran...

BENGALURU: Asian stock markets and currencies fell on Friday as investors rushed to safe havens after Israel struck Iran’s nuclear and military sites, deepening market jitters already stoked by global trade tensions. Israel said it was declaring a state of emergency in anticipation of a missile and drone strike by Tehran, after what it called a “preemptive strike” over Iran’s nuclear programme. Crude prices surged over 9% on worries about disrupted oil supplies. Rising oil prices typically pressure emerging Asian currencies by widening current account deficits in net oil-importing countries....