Currencies

Some Chinese exporters are speeding up the conversion of their US dollar income into yuan on bets the worst of the tariff-led loss in the local currency may be over.In a Bloomberg survey of 18 Chinese exporters this month, all of them said they’d already converted, or will immediately switch, their greenback holdings into the yuan, as they see the current yuan exchange rate of around 7.3 per US dollar as favourable. The companies in sectors ranging from furniture, ceramics, decorative lighting, and gardening to garments were interviewed at the Canton...

Other countries such as Vietnam and Thailand that rely on exports have been hit with some of the highest US tariffsPublished Tue, Apr 29, 2025 · 11:05 AM Asian countries should diversify their trading partners and boost domestic demand to ensure they can ride out the current global trade war, the head of the Asian Development Bank (ADB) said.The export-driven economies of countries in the region are stronger than in the past, but there is no room for complacency as the US persists with its strategy of high tariffs on...

Indian Rupee strengthens in Tuesday’s Asian session.Optimism over US-India trade talks and steady foreign portfolio investment inflows into equities support the INR. Investors await the US April Consumer Confidence and March JOLTS Job Openings report, which are due later on Tuesday. The Indian Rupee (INR) extends its upside on Tuesday after logging its best day in more than two weeks in the previous session. The positive developments surrounding US-India trade talks provide some support to the local currency. US Treasury Secretary Scott Bessent said on Monday that many top trading partners of...

BENGALURU: Emerging Asian equity markets opened the week higher on Monday, led by Taiwan tracking Wall Street gains, while Indonesian shares rose on strength in banking stocks. Most stock markets in the region were upbeat as an easing of trade tensions between the United States and China helped stir an appetite for risk among investors. Shares in Malaysia, Thailand and India added 0.7%, 0.1% and 1.3% respectively. “After a period of correction, ASEAN equities are showing upward momentum, having broken out of a technical downtrend that began from the 2017...

Growing popular worldwide, stablecoins are typically pegged to traditional currencies, which makes them less vulnerable to price volatility like other digital tokens, such as BitcoinPublished Tue, Apr 29, 2025 · 06:38 AM Three major Abu Dhabi entities, including a sovereign wealth fund, plan to launch a stablecoin fully regulated by the central bank of the United Arab Emirates and backed by the dirham, a move that could speed the Persian Gulf nation’s efforts to adopt digital currencies and facilitate payments. The sovereign wealth fund, ADQ along with the UAE’s largest...

Ohio’s treasurer and secretary of state want state agencies to start taking Bitcoin and other cryptocurrencies for certain fees and services, such as the one to form a business, they said.At the same time, though, Republican Treasurer Robert Sprague said he is not sold on a bill suggesting he invest taxpayer dollars in digital currencies, colloquially known as cryptocurrencies or just crypto.“We don’t want to be on the bleeding edge of things, but we want to be on the leading edge of things,” Sprague said Thursday at a news conference.Introduced...

Five persons were arrested for allegedly printing and circulating fake Indian currency notes and seized fake nots of 200 and 500 denominations valued at Rs 28.66 lakh from their possession, Pune Police said on Monday. Police have identified the accused as Manisha Swapnil Thanekar (42) of Yerwada, Bharati Tanaji Gavand (40) of Keshav Nagar, Sachin Ramchandra Yemgar (35) of Gahunje, Naresh Bhimappa Shetty (35) of Lohegaon and Prabhu Gugaljeddy (34) of Vishrantwadi. An FIR in the matter was registered at the Shivajinagar police station on April 17 based on a...

GBP/USD holds above 1.3300 to start the week.The technical outlook highlights sellers' hesitancy in the near term.Markets will continue to pay close attention to headlines surrounding the US-China relations.GBP/USD closed marginally lower on Friday but ended up posting small weekly gains. The pair holds its ground in the European session on Monday and trades above 1.3300. British Pound PRICE Today The table below shows the percentage change of British Pound (GBP) against listed major currencies today. British Pound was the strongest against the New Zealand Dollar. USD EUR GBP JPY...

NewsVoirGurgaon (Haryana) , April 28: As international travel picks up pace for the summer season, BookMyForex (a MakeMyTrip Group Entity)--India's largest online retail foreign exchange marketplace--has unveiled its all-new Global Forex Card, built to eliminate the hidden costs of spending abroad. Loaded in USD, the US Dollar denominated Single Currency Forex Card is accepted in over 200 countries. It offers unmatched savings with zero cross-currency fees, no ATM withdrawal or cash disbursement charges, and up to 2% cashback on zero markup forex rates.This card is especially suited for students and...

Cover art for Louisa Stancioff’s cover of R.E.M.’s “Strange Currencies.” Design by Matt Gaillet I don’t know if there’s something in the air, but for the second time in as many months, a Maine-based act has released a cover of a favorite ’90s song. Toward the end of March, rock trio Weakened Friends gave us its take on Natalie Imbruglia’s pop hit “Torn.” Now it’s Warren-based singer-songwriter Louisa Stancioff’s turn to pay homage to a decade that is starting to feel like a long time ago. On April 16, Stancioff...