Currencies

14 May 2025 17:55 Central banks of Russia, Egypt expected to discuss raising share of nat'l currencies in settlements in near future - Russian trade minister MOSCOW. May 14 (Interfax) - Russia and Egypt are currently discussing expanding utilizing national currencies in cross-border settlements, with around 40% of the countries' mutual settlements currently rendered in currencies other than the dollar and euro, Russia's Industry and Trade Minister Anton Alikhanov said regarding the results of the meeting of the Russia-Egypt commission on trade, economic, scientific and technical cooperation. "We discussed many...

Daedo Kim and Jaehyun Eom  |  BloombergThe dollar erased this week’s gains on fresh speculation President Donald Trump favors a weaker greenback and will prod other governments to let their currencies rise in return for trade deals with the US.The US currency extended an earlier decline on Wednesday after a Bloomberg News report that South Korea and US officials discussed exchange rate policies at a May 5 meeting in Milan and will continue to do so.The won rose nearly 2% and the Japanese yen also climbed, helping to push the...

After months of volatility and uncertainty in the crypto market, it's time to get back to the basics. Instead of chasing losses or doubling down on underperforming investments, it's time to focus on the best-in-class cryptocurrencies capable of powering your portfolio to a winning year in 2025. With that in mind, here's a list of five cryptocurrencies you can safely offload as you spring clean your portfolio. Dogecoin and Shiba Inu Let's start with any speculative meme coin investments you might still have in your portfolio, such as Dogecoin (DOGE...

Brad Setser is a senior fellow at the Council on Foreign Relations, and a former US Treasury official.Sometime on May 2, a Taiwanese company probably came to the conclusion that it was time to sell a slug of its export proceeds. Like the proverbial butterfly, it caused a financial storm that we’re still not through. Maybe the exporter, sitting on dollars from freshly sold semiconductor chips, worried that the US would put pressure on Taiwan to strengthen its currency as part of the coming negotiation over how Taiwan can avoid the...

A global reserve currency is one that is extensively held by foreign Central Banks. Since the 1944 Bretton Woods agreement this position has been occupied by the US dollar and it still holds true – according to IMF data from late 2024, the dollar represented 54% of global official reserves, while the euro came in a distant second at 19%. The concept of money was historically underwritten by valuable assets. This is no longer the case, as today we use fiat money: essentially paper with a stamp from a legal...

The rupee opened 31 paise stronger at Rs 85.05 against the US dollar in early trade on Wednesday, buoyed by firm domestic equities and a further easing in retail inflation. At the interbank foreign‑exchange market, the local unit briefly touched Rs 85.23 before paring some gains. It had closed flat at Rs 85.36 on Tuesday after surrendering early strength. Currency traders warned that a sharp rise in global crude prices could soon cap the rupee’s advance. Brent crude has hovered near USD 66 a barrel in recent sessions, a level...

Indian Rupee edges higher in Wednesday’s early European session.Trade deals made between US and China, and cessation of military hostilities between India and Pakistan, support the INR. Traders brace for the Fedspeak later on Wednesday.The Indian Rupee (INR) gathers strength on Wednesday on the back of the US-China trade agreement and a ceasefire agreement between India and Pakistan. Analysts said that any fresh developments on the geopolitical front are likely to significantly influence the INR’s trajectory in the near term. The renewed Foreign Portfolio Investors (FPI) inflows into debt instruments and...

Syrian Pound to United States Dollar SYP USD 1 SYP 0.000077 USD 5 SYP 0.000385 USD 10 SYP 0.00077 USD 25 SYP 0.001925 USD 50 SYP 0.00385 USD 100 SYP 0.0077 USD 500 SYP 0.0385 USD 1,000 SYP 0.077 USD 5,000 SYP 0.385 USD 10,000 SYP 0.77 USD 50,000 SYP 3.85 USD United States Dollar to Syrian Pound USD SYP 1 USD 12,987.012987013 SYP 5 USD 64,935.064935065 SYP 10 USD 129,870.12987013 SYP 25 USD 324,675.324675325 SYP 50 USD 649,350.649350649 SYP 100 USD 1,298,701.298701299 SYP 500 USD 6,493,506.493506494 SYP 1,000 USD...

Indian Rupee edges higher in Wednesday’s Asian session.Trade deals made between US and China, and cessation of military hostilities between India and Pakistan, support the INR. Traders brace for the Fedspeak later on Wednesday.The Indian Rupee (INR) gathers strength on Wednesday on the back of the US-China trade agreement and a ceasefire agreement between India and Pakistan. Analysts said that any fresh developments on the geopolitical front are likely to significantly influence the INR’s trajectory in the near term. The renewed Foreign Portfolio Investors (FPI) inflows into debt instruments and equities...

Indian Rupee edges higher in Wednesday’s Asian session.Trade deals made between US and China, and cessation of military hostilities between India and Pakistan, support the INR. Traders brace for the Fedspeak later on Wednesday.The Indian Rupee (INR) gathers strength on Wednesday on the back of the US-China trade agreement and a ceasefire agreement between India and Pakistan. Analysts said that any fresh developments on the geopolitical front are likely to significantly influence the INR’s trajectory in the near term. The renewed Foreign Portfolio Investors (FPI) inflows into debt instruments and equities...