Currencies

For more than a decade, it has dominated a UN ranking of the most innovative economies, both for the resources it puts into innovation – for example through practical university education and research and development – and for its returns on these investments.  It generates more than US$100 in GDP per hour worked – that’s more productive than any of the other 20 largest economies. Its decentralised political and economic system encourages the rise of small enterprises, which account for over 99 per cent of Swiss companies. It also has...

MUMBAI: The Indian rupee strengthened on Monday, aided by likely dollar inflows related to the rejig of a global equity index that helped the local currency sidestep a dip in most of its regional peers as U.S.-China trade tensions continued to simmer. The rupee rose to 85.4075 per U.S. dollar as of 11:00 a.m. IST, up 0.2% from its close of 85.5775 in the previous session. Traders said the rupee was supported by dollar sales from at least two large foreign banks on the day, likely related to the rejig...

Amid all the talk about whether the US is keen to devalue the mighty dollar as one way to revive American manufacturing, it is worth noting that the dollar is not the world’s strongest currency and has not been for decades. That title goes to the Swiss franc, and the mighty franc has done nothing to undermine Switzerland’s competitiveness.The world’s richest major economy has both a strong currency and a strong manufacturing base. The Swiss franc has been the top-performing currency over the past 50 years, 25 years, 10 years...

(Updates for afternoon trade) * Taiwan and Indonesia stocks down over 1.5% * Asian FX firm as dollar weakness persists * Trump threatens to double tariffs on steel imports By Roshan Thomas June 2 (Reuters) - Asian equities fell on Monday, dragged by losses in South Korean and Vietnamese steelmakers, after U.S. President Donald Trump threatened to double tariffs on imported steel and aluminium, while regional currencies held firm against a softer dollar. Trading volumes were thin overall due to a public holiday in the region, with markets in China,...

Indian Rupee recovers in Monday’s early European session. Stronger GDP data from India supports the INR, but higher oil prices and RBI rate cut bets might cap its upside.  Traders await the US May ISM Manufacturing PMI data later on Monday ahead of the RBI rate decision. The Indian Rupee (INR) rebounds on Monday, snapping the four-day losing streak. The upbeat India’s Q1 Gross Domestic Product (GDP) report boosts equities and lifts the local currency both via portfolio inflows and sentiment.Nonetheless, a rise in crude oil prices might drag the Indian currency lower....

Indian Rupee recovers in Monday’s early European session. Stronger GDP data from India supports the INR, but higher oil prices and RBI rate cut bets might cap its upside.  Traders await the US May ISM Manufacturing PMI data later on Monday ahead of the RBI rate decision. The Indian Rupee (INR) rebounds on Monday, snapping the four-day losing streak. The upbeat India’s Q1 Gross Domestic Product (GDP) report boosts equities and lifts the local currency both via portfolio inflows and sentiment.Nonetheless, a rise in crude oil prices might drag the Indian currency lower....

The Indian rupee is emerging Asia’s worst performer this quarter and may continue to lag peers as the central bank aims to avert a depletion in its foreign-exchange reserves, according to analysts.The Reserve Bank of India had dollar repayments of about $73 billion as of April as indicated by its net short forwards position, a measure of the amount of greenback it has agreed to sell at a future date, according to the central bank’s latest data. It has narrowed from an all-time high of $88.8 in February. That may...

Emerging market carry trades are taking off again, as currency volatility subsides amid signs President Donald Trump’s aggressive tariffs may not get fully enacted. An index of carry returns — for which a trader borrows in a low-yielding currency and then invests in another offering higher returns — hit a seven-year high in late May. Asset managers have boosted long positions in developing-nation currencies in recent weeks, with those on Mexico’s peso reaching a nine-month high, based on CME Group Inc. data.“Carry trades at this juncture, they do make sense,” said...

Asian stocks sank on Monday (Jun 2) after US President Donald Trump last week lobbed a fresh trade missile by doubling tariffs on steel and aluminium and accused China of violating last month’s agreement to slash tit-for-tat levies.The US president’s comments were followed by claims by his commerce secretary that Beijing had been slow to implement the deal, which helped rally markets last month and fanned hopes for a lasting detente between the world’s top economies. Still, Treasury Secretary Scott Bessent – who last week warned negotiations with China were “a...

Tokenization is on track to become one of the most important advancements in both the crypto and traditional finance industries. As blockchain technology becomes more advanced and widely accepted, the boundaries between physical and digital financial systems are . Future developments may include: Government bonds issued as tokens on public blockchains Real estate platforms offering live token trading Global stock exchanges are experimenting with blockchain-based settlement systems Central banks are using tokenized infrastructure for digital currencies and asset reserves The continued partnership between traditional financial institutions and blockchain innovators will be critical. With strong support from...