Currencies

Asian currencies were broadly higher on Tuesday as persistent concerns about US fiscal health and President Donald Trump’s erratic trade policies led investors to continue shunning the dollar. Malaysia’s ringgit and Taiwan’s dollar gained up to 0.4% each to trade at their highest levels in three weeks. The Taiwanese currency is on course to log its best monthly performance on record, buoyed by a historic 6% spike over two days in early May. The surge was fuelled by speculation that the country had agreed to allow its currency to strengthen...

TEMPO.CO, Jakarta - In the global trade world, the exchange rate of currencies often becomes a barometer of a country's economic strength. Despite dominating as the most traded currency, it turns out that the US dollar does not currently hold the top position as the world's strongest currency. On the other hand, a number of currencies are at a nadir, with their values only a small fraction of one US dollar.Quoted from Forbes and Xe Corporation, here is a list of the 10 strongest and weakest currencies in the world...

TEMPO.CO, Jakarta - In the global trade world, the exchange rate of currencies often becomes a barometer of a country's economic strength. Despite dominating as the most traded currency, it turns out that the US dollar does not currently hold the top position as the world's strongest currency. On the other hand, a number of currencies are at a nadir, with their values only a small fraction of one US dollar.Quoted from Forbes and Xe Corporation, here is a list of the 10 strongest and weakest currencies in the world...

The US Dollar finds primary support at the lower boundary of the descending channel around 98.70.Technical analysis indicates a persistent bearish bias as the RSI stays below the 50 level.The nine-day EMA of 99.68 appears as the initial barrier, followed by the ascending channel’s upper boundary around 100.00.The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is retracing its recent losses from the previous session. The DXY is trading around 98.80 during the Asian hours on Tuesday.On the daily chart, technical...

The Indian Rupee steadies in Tuesday’s Asian session. A weaker US Dollar and stronger Chinese Yuan could support the INR, but RBI rate cut bets might cap its upside. The US Conference Board’s Consumer Confidence report is due later on Tuesday. The Indian Rupee (INR) flat lines on Tuesday after hitting a two-week high in the previous session. A broader gain in the Asian currencies on account of a weak US Dollar (USD) could provide some support to the Indian currency. Additionally, a decline in crude oil prices might contribute to the INR’s...

KUALA LUMPUR, May 27 — The ringgit opened higher against the US dollar today, buoyed by continued weakness in the greenback amid growing concerns over the United States’ (US) fiscal trajectory and trade policy inconsistencies.At 8.05 am, the ringgit rose to 4.2050/2250 against the US dollar compared with Monday’s close of 4.2155/2220.Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the US Dollar Index (DXY) had extended its downward trend, falling to 98.934 points, as investors grew wary of the direction of US trade policy under President...

Asian shares had a cautious open Tuesday as investors awaited fresh trade news that may define the appetite for US assets.The MSCI Asia Pacific Index opened flat with marginal declines in Japan and South Korea. The dollar edged down in early Asian trade with a gauge of the greenback’s strength hovering near its lowest level in almost two years on weak demand for US assets. The yield on the 10-year US Treasury fell two basis points while yields on Japan’s 40-year sovereign slumped ahead of a bond auction. Contracts for...

EUROPEAN shares kicked off the week on a positive note on Monday, recouping the previous session’s losses, as markets heaved a sigh of relief after US President Donald Trump delayed his threat to impose a 50% tariff on the region.The pan-European Stoxx 600 index closed 0.99 per cent higher at 550.50. It had lost 0.9 per cent on Friday after Trump unexpectedly called for sharp tariffs on goods from the European Union, saying that negotiations with the region were not moving fast enough.On Sunday, Trump extended the deadline for tariffs to July 9 from...

AUD/USD pair reaches 0.6537 at the start of the week’s session, a level last seen on November 25, 2024.AUD/USD braces for volatility with US Durable Goods and Consumer Confidence Data.AUD/USD retreats from six-month high but remains steady with resistance firming at 0.6500.The Australian Dollar (AUD) is consolidating within a narrow range against the US Dollar (USD) after reaching a six-month high early Monday. However, the pair retreated from the highs ahead of Tuesday’s key economic data.Recent broad-based weakness in the US Dollar has supported demand for risk-sensitive currencies, allowing AUD/USD...

Indian Rupee pares earlier gains as USD/INR rebounds slightly above 85.00.US Dollar steadies after a sharp early-week decline, DXY Index hovers above 99.00The final round of US-India trade deal talks is expected soon in New Delhi.The Indian Rupee (INR) trims some of the earlier gains against the US Dollar (USD) on Monday, with the USD/INR pair retreating slightly above 85.00 during the American trading hours. The slight weakness in the Indian Rupee comes on the back of easing global trade tensions, which lent some support to a broadly weak US...