Currencies

SINGAPORE – Malaysia’s ringgit stands to gain the most among its South-east Asian peers if the nation’s exporters convert their overseas earnings to the local currency, thanks to the nation’s outsized foreign-currency deposits.Such deposits in Malaysia, Thailand, the Philippines and Indonesia combined have jumped to US$62.2 billion (S$80.53 billion) as of March, close to a record high set in the previous month, according to Bloomberg calculations. Malaysia made up almost all of it and the nation’s foreign deposit growth also outpaced most of its peers.Foreign deposits in the region are...

Asian shares fell and Treasuries continued their slide at the open Thursday following losses in Wall Street on concerns about the US’s ballooning deficit.A regional stock gauge dropped for the first time in three days on weaker openings in Australia, Japan and South Korea. The dollar edged down for a fourth consecutive session. US equity-index futures were steady after the S&P 500 index closed down 1.6% on Wednesday, its sharpest slide in a month. Treasuries fell across the curve Wednesday with long-term debt bearing the brunt as the 30-year yield...

Exchange Binance revealed the integration of Brazil’s PIX system with its cryptocurrency platform, allowing users to make payments in the local currency (BRL) using digital assets, such as Bitcoin, in real time. According to local media outlet E Investidor, this means that people and businesses all over Brazil can be paid by Binance users through PIX, the national instant payment system.With this integration, those with a Binance account can convert their crypto balance into BRL in an instant, practically facilitating instantaneous transactions.This is a significant step towards integrating traditional financial and...

May 21, 2025 10:33 PM IST Bitcoin hit a record high on Wednesday, driven by a wave of optimism over cryptocurrency legislation in the United States. Bitcoin hit a record high on Wednesday, driven by a wave of optimism over cryptocurrency legislation in the United States. How to Buy Bitcoin (BTC) in India in 2025 The world's most popular cryptocurrency surged to an all-time peak of $109,499.76, surpassing its previous high set on January 20 when Donald Trump was sworn in as US president. Bitcoin gained after US policymakers showed...

Bitcoin hit a record high Wednesday morning, hitting $109,422. Pro-crypto policies and tariff chaos have boosted bitcoin's appeal in recent months.Companies like GameStop and Tesla invest in bitcoin to hedge against inflation.Bitcoin hit a record high on Wednesday, jumping as much as 2.4% to $109,499.76. It's the first record for the world's largest cryptocurrency since January, when the token climbed above $109,200. The latest surge is being driven by a burst of enthusiasm on recent regulatory developments. On Monday, a landmark crypto bill moved ahead in Congress, with proposed legislation...

USD/JPY slips below 144.00 as policy divergence and fiscal concerns weigh on the Greenback.US President Donald Trump waits for the House of Representatives to approve his “Big Beautiful Bill”.Japan’s hawkish shift and potential rate increases lift demand for safe-haven Yen.The US Dollar (USD) continues to weaken against the Japanese Yen (JPY), as shifting economic conditions and central bank outlooks reshape expectations for both currencies. At the time of writing, the USD/JPY pair has broken below the key psychological level of 144.00, a former support level that now acts as resistance, highlighting...

US Dollar (USD) fell broadly against most currencies. DXY was last at 99.59, OCBC's FX analysts Frances Cheung and Christopher Wong note. Downside risks are seen"Safe haven including CHF, JPY and gold strengthened more at first in reaction to a CNN report that new intelligence suggests Israel is preparing possible strike on Iranian facilities. But as the session continued, other FX in the region (including THB, MYR, KRW) played catch-up on gains." "We reiterate that Moody’s downgrade comes as a timely reminder that a rise in budget deficit in the...

The following paragraph, courtesy of Amazon (NASDAQ:), reviews the book Death of the by William Rickenbacker. Death of the Dollar by William F. Rickenbacker is a critical examination of the economic policies and monetary mismanagement that the author argues are eroding the value of the U.S. dollar and threatening financial stability. Rickenbacker contends that the actions of money managers, including excessive government spending, inflationary policies, and the detachment of the dollar from the gold standard, are systematically devaluing the currency. The book warns of an impending monetary disaster, highlighting how...

AUD/USD rises at the expense of the US Dollar, which is down due to the US credit rating downgrade.US Republicans didn’t pass President Trump’s new tax bill.The RBA lowered its OCR by 25 bps to 3.85% and kept hopes of more interest rate cuts on the table.The AUD/USD pair moves higher to near 0.6460 during European trading hours on Wednesday. The Aussie pair gains as the US Dollar (USD) continues to underperform its peers on the back of the United States (US) Sovereign Credit rating erosion. The US Dollar Index...

Traders were also wary of US officials potentially angling for a weaker dollar at Group of Seven finance minister meetings currently underway in Canada Reuters 21 May, 2025, 12:35 pm Last modified: 21 May, 2025, 12:37 pm US dollar banknotes are seen in this illustration taken May 4, 2025. Photo: REUTERS/Dado Ruvic/Illustration"> US dollar banknotes are seen in this illustration taken May 4, 2025. Photo: REUTERS/Dado Ruvic/Illustration Highlights: Trump failed to convince Republican holdouts who could block bill Bessent to talk currencies with Japanese counterpart on G7 sidelines "Sell America"...