Currencies

Asian investors have been rushing to shield themselves from big swings in the US dollar, putting upward pressure on their local currencies and forcing Hong Kong authorities to intervene in the market.Taiwan’s dollar has surged almost 6 per cent against the greenback this month, posting the biggest single-day moves since the 1980s, while Hong Kong’s monetary authority spent the largest weekly amount since 2020 to stop the city state’s currency strengthening beyond a US dollar peg.“It is not even once in a decade — it has been a once in...

Fading US exceptionalism could pave the way for further appreciation of the Singapore dollar against the greenback, said analysts.The Singdollar surged to around 1.29 per US dollar on Monday (May 5) – a level not seen since September 2024. That drove its year-to-date gain to about 5 per cent, with its five-day gain at around 1 per cent.Among other Asian currencies, the Taiwan dollar surged to highs not seen in over 30 years, while the Malaysian ringgit and safe-haven Japanese yen also strengthened. On Friday morning during Asia trade, the...

Cryptocurrency sector valuation holds above $3.1 trillion on Thursday as global financial markets react to bullish macro pointers.US President Donald Trump announced a trade deal with the UK, hinting at more deals in the works.Ethereum-hosted assets are attracting unusually high-demand with ETH, PEPE and Chainlink price gains accompanied by rising trading volumes.SUI, Virtuals Protocol and the official TRUMP token are also among the standout performers, driven by distinct catalysts.The cryptocurrency sector valuation crossed the $3.1 trillion market on Thursday, as markets reacted to bullish macro pointers. Why is the crypto market...

It also enables the Indian diaspora to shop from and engage with Indian brands more seamlessly | Photo Credit: REUTERS Cashfree Payments, a RBI authorised payment aggregator for both domestic and cross-border payments, has announced that it supports over 140 currencies on its international payment gateway, becoming the first Indian fintech to offer the widest range of currency acceptance for Indian businesses.The feature enables both one-time and recurring transactions on international cards. The upgrade aims to help Indian merchants expand business by up to 30 per cent.Nitin Pulyani, SVP –...

Thane Police seize fake currency worth Rs 45 lakh and arrest six individuals in Bhiwandi | Representative Image Thane, May 8: Police have seized fake Indian currency notes with a face value of more than Rs 45 lakh in the district and arrested six persons, an official said on Thursday. Counterfeit notes were being printed at the office of a transport company in Bhiwandi town, Deputy Commissioner of Police (crime) Amarsingh Jadhav told reporters on Thursday.Acting on a tip-off, a Bhiwandi crime branch team on May 3 laid a trap...

Police have seized fake Indian currency notes with a face value of more than Rs 45 lakh in the district and arrested six persons, an official said on Thursday.Counterfeit notes were being printed at the office of a transport company in Bhiwandi town, Deputy Commissioner of Police (crime) Amarsingh Jadhav told reporters on Thursday.Acting on a tip-off, a Bhiwandi crime branch team on May 3 laid a trap at Avchitpada, and seized fake currency notes of Rs 500 denomination with a face value of Rs 30 lakh from Suraj Tanaji...

Rupee fell sharply by 84 paise to close at 85.61 (provisional) against the US dollar on Thursday, as escalating geopolitical tensions between India and Pakistan triggered risk aversion among investors. Forex traders said the domestic currency came under pressure after Pakistan attempted to target several Indian military sites using drones and missiles—a move thwarted by India's defence systems. The geopolitical stress, coupled with a stronger US dollar and rising crude oil prices, further weighed on sentiment. The rupee opened at 84.61 at the interbank foreign exchange and swung between a...

EUR/USD struggles to stabilize above 1.1300 after closing in the red on Wednesday.Technical sellers could take action in case the pair breaks below 1.1270.Markets see a diminishing chance of a Fed rate cut in June.EUR/USD came under bearish pressure in the American session on Wednesday and closed the day deep in negative territory. The pair stays on the back foot early Thursday and trades slightly below 1.1300. Euro PRICE This week The table below shows the percentage change of Euro (EUR) against listed major currencies this week. Euro was the...

XRP is knocking on the 50- and 100-day EMAs confluence resistance at $2.21 amid gains in the broader crypto market.The derivatives market Open Interest regains momentum as the long-to-short ratio leans bullish.Risk-on sentiment remains high as large volume holders increase exposure in XRP.Ripple (XRP) price is gaining bullish momentum, increasing over 3% to trade at $2.19 at the time of writing on Thursday. The broader uptrend led by Bitcoin (BTC) as it closes the gap to $100,000 comes after the Federal Reserve (Fed) left interest rates unchanged at 4.24%-4.5%, citing...

The Malaysian ringgit led losses across muted Asian currencies on Thursday ahead of the central bank’s expected rate pause, while the greenback stabilised after the US Federal Reserve maintained its benchmark interest rate. The ringgit touched its lowest level since May 2, weakening 0.7% to 4.266 per dollar, extending its decline to a third consecutive session. The Philippine peso and South Korean won each retreated 0.2%. The dollar index, which measures the currency against six major counterparts, edged down 0.2% but remained near Wednesday’s levels when a three-day slide ended...