Currencies

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,...

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...