Currencies

It’s been a tough few months for believers in the currency market version of Pax Americana.Dollar critics confidently proclaim that its reign is over. In Asia, this is a "sell America” moment. Any sane investor is scouring the planet for an alternative — one that offers all the advantages of the incumbent but none of the downside. Europeans also want in, extolling the virtues of the euro.Good luck with that. One of my reservations about this bearishness isn’t that the upheavals induced by U.S. President Donald Trump — tariffs, an...

Cryptocurrency exchange Coinbase knew as far back as January about a customer data leak at an outsourcing company connected to a larger breach estimated to cost up to $400 million (roughly Rs. 3,420 crore), six people familiar with the matter told Reuters.At least one part of the breach, publicly disclosed in a May 14 SEC filing, occurred when an India-based employee of the US outsourcing firm TaskUs was caught taking photographs of her work computer with her personal phone, according to five former TaskUs employees.Three of the employees and a...

Many non-governmental organizations (NGO’s) operating in India receive foreign funds. Prime Minister Narendra Modi’s Bharatiya Janata Party (BJP) received a majority of seats in India’s Lok Sabha (lower house of parliament) in May 2014 national elections. National elections in 2019 and 2024 have continued the BJP majority in Lok Sabha control.The BJP worldview is that India will be a Hindu state with values called Hindutva. Any different belief system is not accepted. BJP government policy sees registered non-Hindu NGOs as hindering their Hindutva cause. One solution is to suspend government...

Gold prices fell in India on Tuesday, according to data compiled by FXStreet. The price for Gold stood at 9,241.68 Indian Rupees (INR) per gram, down compared with the INR 9,292.74 it cost on Monday. The price for Gold decreased to INR 107,793.10 per tola from INR 108,388.70 per tola a day earlier. Unit measure Gold Price in INR 1 Gram 9,241.68 10 Grams 92,416.80 Tola 107,793.10 Troy Ounce 287,447.70   Gold daily market movers: Bullion rallies sharply as Greenback plummets Gold price surges as the US Dollar tanks. The...

Asian currencies traded narrowly on Tuesday, while the U.S. dollar saw modest gains amid renewed trade tensions and global economic uncertainty. The dollar index rose 0.2% in Asian trading, recovering from prior losses, as risk appetite weakened due to geopolitical and economic concerns. The Australian dollar led regional losses, with the AUD/USD pair falling 0.5%. Dovish signals from the Reserve Bank of Australia and weaker-than-expected Q1 data—including a sharp current account deficit—pressured the currency ahead of Wednesday’s GDP release. The RBA had already cut interest rates by 25 basis points...

Cryptocurrency exchange Coinbase knew as far back as January about a customer data leak at an outsourcing company connected to a larger breach estimated to cost up to $400 million, six people familiar with the matter told Reuters.At least one part of the breach, publicly disclosed in a May 14 SEC filing, occurred when an India-based employee of the US outsourcing firm TaskUs was caught taking photographs of her work computer with her personal phone, according to five former TaskUs employees.Three of the employees and a person familiar with the...

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...

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...