Currencies

The Reserve Bank of India (RBI) wants Indian banks to give loans to foreigners in rupees .The RBI has approached the Centre asking for permission to do so.The central bank’s move is the latest step towards the internationalisation of the rupee.But what happened? Why is the RBI making this move?Let’s take a closer lookWhat happened?The RBI wants to allow domestic banks to make loans to overseas borrowers in Indian currency.This would be a historic first for the nation.The central bank has already asked the government to allow domestic banks to...

The US Dollar is making a turnaround this Tuesday, snapping its losing streak. Some support for the Greenback with the Fed confirming steady interest rates. The US Dollar Index heads above 99.00 in search of the 100.00 figure. The US Dollar Index (DXY), which tracks the performance of the Greenback’s value against six major currencies, is tying up some minor gains, trading around 99.40 at the time of writing this Tuesday. The stronger Greenback has emerged right at the end of Asian trading hours, after the Japanese Ministry of Finance (MoF)...

Yesterday ECB President Christine Lagarde gave a speech in Berlin. It was about how the euro could possibly replace the dollar as the dominant global currency in the future. The speech is worth reading, Commerzbank's Head of FX and Commodity Research Ulrich Leuchtmann notes. Euro may struggle to become the next reserve currency"Lagarde is right, in my opinion, when she says: 'A currency's exposure to trade is especially important, as it provides the initial pathway to wider international use.' Reserves are held so that, in the worst case scenario of...

Asia-Pacific stock markets presented a varied landscape at Tuesday’s close, with investors continuing to navigate the evolving global trade climate, particularly after US President Donald Trump deferred a significant tariff hike on European Union imports. While some regional bourses found positive momentum, others, including Indian benchmarks like the Sensex, experienced a more turbulent session.The overarching theme for the day was a careful assessment of international trade dynamics. Japan’s benchmark Nikkei 225 ended the day 0.51% higher at 37,724.11, and the broader Topix index rose 0.64% to 2,769.49, suggesting some optimism in Tokyo....

Opinion on crypto strategy – Why listed companies are suddenly buying Bitcoin like crazyCompanies are issuing new shares and bonds via stock exchanges to acquire the leading cryptocurrency. Their goal is clear, but the strategy can also have harmful side effects.Publiziert heute um 11:39 UhrJetzt abonnieren und von der Vorlesefunktion profitieren.BotTalkBitcoin has surpassed its previous highs after a temporary correction, yet the «Altcoin Season» has so far failed to materialize. This term refers to the rotation of speculators, who consider Bitcoin already too expensive, into other crypto assets. While this...

US Dollar Index rebounds from Monday’s five-week low of 98.70.The Greenback appreciates as 10- and 30-year US Treasury yields are trading lower at 4.46% and 4.97%, respectively.President Trump's “One Big Beautiful Bill” is on the way to the Senate floor for Voting.The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is continuing its recovery from a five-week low of 98.70, recorded in the previous session. On Tuesday, the DXY is trading around 99.30 during the European hours.The Greenback receives support as...

* Malaysian ringgit falls 0.3% after reaching 3-week high * Thai baht weakens 0.4% * Thailand equities at 1-month low (Updates for afternoon trade) By Himanshi Akhand May 27 (Reuters) - Asian currencies reversed course to trade lower on Tuesday as a rally in global bonds whipsawed markets that remained concerned about U.S. fiscal health and President Donald Trump's erratic trade policies. The Malaysian ringgit fell 0.3% against a stronger dollaer after reaching a three-week high earlier in the session. The Singaporean dollar, Indonesian rupiah, and the Indian rupee weakened...

Here is what you need to know on Tuesday, May 27:The US Dollar (USD) benefits from the improving risk mood early Tuesday, while trading conditions normalize following a three-day weekend in the US. The European Commission will publish business and consumer sentiment data for May. Later in the day, the US economic calendar will feature April Durable Goods Orders and May CB Consumer Confidence Index data. US Dollar PRICE Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the...

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...