Currencies

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...

Report on first quarter of 2025 for ROCKWOOL A/SRelease no. 30 - 2025 to Nasdaq Copenhagen19 May 2025 Get the latest news delivered to your inbox Sign up for The Manila Times newsletters By signing up with an email address, I acknowledge that I have read and agree to the Terms of Service and Privacy Policy. Revenue developed well with solid profitability in Q1 2025 Highlights Revenue in Q1 2025 reached 959 MEUR, an increase of four percent measured in both local currencies and reported figures compared to last year....

Photo taken on May 19, 2025 shows the venue of the official launch and themed seminar of the book "Chinese Imprints on World Currency" in Beijing. (People's Daily Online/Zhang Kaiwei) On May 19, 2025, the official launch and themed seminar of the book "Chinese Imprints on World Currency" brought together nearly 100 guests including diplomats, scholars and business leaders for a vivid celebration of China's connections with civilizations worldwide in Beijing. This book includes 126 coins and notes from 58 countries, as well as artistic designs featuring significant Chinese elements or...

Asian currencies remained largely flat on Monday, even as the U.S. dollar weakened following a credit rating downgrade by Moody’s. The U.S. Dollar Index dropped 0.3% after the agency cut the government’s credit rating by one notch, citing the nation’s ballooning $36 trillion debt. The Chinese yuan saw little movement, despite upbeat April industrial production data showing stronger-than-expected factory output. However, disappointing retail sales data highlighted weak domestic demand, keeping pressure on the yuan. Offshore USD/CNH and onshore USD/CNY both stayed muted. Analysts from ING noted that U.S. tariffs will...

A key congressional committee, the House panel, approved President Donald Trump’s tax cut bill early Monday, paving the way for possible passage in the House of Representatives later this week."The deliberations continue at this very moment. They will continue on into the week, and I suspect, right up until the time we put this big, beautiful bill before the House," House Budget Chairman Jodey Arrington said.Market reaction The US Dollar was last seen trading 0.30% lower on the day at 100.80. US Dollar PRICE Today The table below shows the percentage...

KUALA LUMPUR, May 19 — The ringgit opened higher today against the US dollar buoyed by Moody’s Ratings recent downgrade of the US credit rating on concerns over rising debt.At 8.03 am, the local note appreciated to 4.2850/3140 versus the greenback from last Friday’s close of 4.2900/2980.Moody’s Ratings has downgraded the US sovereign rating by one notch to Aa1 from AAA last Friday. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the main premise for such a move was the US government debt which would likely...