Currencies

FX markets have started the week in quiet fashion. US President Donald Trump's two-hour call with Russian President Vladimir Putin appears to have yielded few results and left European leaders with the view that they're on their own in support of Ukraine. Let's see whether oil and gas prices spike again – they have not so far. One new trend over the last week is that most emerging currencies around the world are rallying against the dollar. In Asia, it is speculated that a currency agreement could be included in...

Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldIs the dominance of the dollar about to fade away? Donald Trump insists that “if we lost the dollar as the world currency . . . that would be the equivalent of losing a war”. Yet he himself could be the cause of such a loss. Reliance on a foreign currency depends on trust in its own soundness and liquidity. Trust in the dollar has been slowly eroding for a while. Now, under Trump,...

Indian Rupee edges lower in Tuesday’s early European session.Dovish bets for the RBI weigh on the INR, but a multi-phase US-India trade deal might cap its losses. Investors brace for the Fedspeak later on Tuesday.The Indian Rupee (INR) weakens on Tuesday. Consumer inflation in India fell more than expected to a near six-year low in April, strengthening bets that the Reserve Bank of India (RBI) is due to extend its rate cutting cycle. This, in turn, undermines the Indian currency. Additionally, renewed concerns over the potential reintroduction of trade tariffs by...

MUMBAI: The Indian rupee is expected to open marginally weaker on Tuesday, pressured by the dip in the yuan amid a cut in China’s key lending rates. The 1-month non-deliverable forward indicated that the rupee will open at 85.44-85.46 to the U.S. dollar compared with 85.40 in the previous session. Following the volatility triggered by India-Pakistan tensions, the Indian rupee has settled into a relatively narrow range. On Monday, the currency traded within a 25-paisa band. Throughout May, the rupee has moved in a wider range of 83.77 to 85.84,...

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Japan’s Finance Minister Shunichi Kato said on Tuesday that he expects any talks with US Treasury Secretary Scott Bessent this week to be based on this understanding of foreign exchange.Key quotesWill hold bilateral meetings with counterparts at the G7 finance leaders’ meeting later this week.Expect to discuss various topics, including FX, if I were to meet Bessent on sidelines of G7 gathering.Will scrutinise the impact of U.S. fiscal, monetary policy on Japan’s economy, when asked about Moody’s downgrade of US debt rating.In previous bilateral meeting with Bessent, two sides confirmed...

MISSOULA, Mont. — Montana State Auditor James Brown is warning Montanans to stay cautious when investing in cryptocurrency or other digital currencies.Brown says his office received an uptick in complaints from residents who are victims of digital currency scams, which he says is due to the lack of regulations."We're going after folks that we believe are fraudulently harming Montanans. I would just tell Montanans before engaging in investment in these digital currencies to be very, very careful about what you're investing in and be sure that you're actually investing in...

Join Our Telegram channel to stay up to date on breaking news coverage Over the last two days, Abraxas Capital removed over 61,401 ETH, or about $116.3 million, from exchanges. Since institutions transfer money into safe wallets for long-term holding, such massive withdrawals frequently signal a positive mood, which lowers the supply on exchanges and could raise prices. What’s causing the recent excitement in the crypto world today? It’s the rapid ascent of three digital assets that are causing significant waves on the Base Chain: WELL, Crash, and Arcadia. These...

Malaysian Ringgit to Indonesian Rupiah MYR IDR 1 MYR 3,830.109621 IDR 5 MYR 19,150.548105 IDR 10 MYR 38,301.09621 IDR 25 MYR 95,752.740525 IDR 50 MYR 191,505.48105 IDR 100 MYR 383,010.9621 IDR 500 MYR 1,915,054.8105 IDR 1,000 MYR 3,830,109.621 IDR 5,000 MYR 19,150,548.105 IDR 10,000 MYR 38,301,096.210000001 IDR 50,000 MYR 191,505,481.050000012 IDR Indonesian Rupiah to Malaysian Ringgit IDR MYR 1 IDR 0.000261089 MYR 5 IDR 0.001305446 MYR 10 IDR 0.002610891 MYR 25 IDR 0.006527228 MYR 50 IDR 0.013054457 MYR 100 IDR 0.026108913 MYR 500 IDR 0.130544566 MYR 1,000 IDR 0.261089133 MYR...

By Eric F. Oteng-Abayie, (Prof) Ghana’s economic landscape in 2025 presents a striking paradox. The cedi has emerged as one of the world’s best-performing currencies, appreciating by approximately 16% against the US dollar and contributing to a decline in inflation to 21.2% by April 2025. This remarkable turnaround follows a turbulent 2024 when the currency depreciated by nearly 24%, fueling economic instability and eroding purchasing power. Yet, despite these positive macroeconomic indicators, ordinary Ghanaians continue to grapple with persistently high prices for goods and services. This phenomenon is not without...