Currencies

An article by Ghady Rayess, co-founder and managing director at FOO Stablecoins and Central Bank Digital Currencies (CBDCs) are poised to revolutionise the world of digital currencies. With over 130 central banks exploring CBDCs and stablecoin adoption sitting at around $200 billion, we are entering a transformative era. The speed, security, and cost-effectiveness of these assets revolutionised transactions and financial inclusion. However, as adoption accelerates, regulatory frameworks and strategic implementation must evolve in tandem to ensure stability, compliance, and sustainability. Stablecoins: Bridging Traditional and Digital Finance Stablecoins represent a new...

For decades, the US dollar has served as the ultimate refuge during market turmoil. Emerging markets suffered currency depreciation and capital outflows when risk aversion spiked. Today, the opposite is happening. Capital is diversifying away from its long-standing dollar bias during periods of stress – a remarkable shift after decades of US asset dominance – creating new and unfamiliar challenges that are rippling through the global financial system. Has the US dollar peaked? As we’ve noted in recent articles this year, cracks in US exceptionalism are widening (see US exceptionalism...

The biggest bank in the US reportedly says that a recent strategy to bet against emerging market (EM) currencies hasn’t worked out. Following President Donald Trump’s “Liberation Day” on April 2nd, JPMorgan Chase provided clients with a trade idea that involved flipping bearish on emerging market currencies, Bloomberg reports. Say JPMorgan strategists in a note, “Our UW (underweight) has not worked… We see sufficient arguments that EM FX (foreign exchange) will not weaken versus the USD in the coming period.” Bloomberg data shows that at least 14 different emerging market...

THE US dollar was on track for a weekly gain against major currencies, including the Swiss franc, yen and euro on Friday (May 9), after a US-UK trade deal increased optimism about upcoming US-China talks.Financial markets headed into the weekend with the focus squarely on the ongoing trade negotiations between Washington and Beijing in Switzerland.President Donald Trump announced on Thursday a US-UK trade deal that left in place a 10 per cent baseline tariff on British goods, but lowered prohibitive duties on vehicle imports.“There’s strong optimism across the market of...

Bhadrak (Odisha), May 11 (PTI) The Odisha police have detained one person in connection with the circulation of counterfeit currency and seized fake Indian currency notes with a face value of Rs 10,000 from his possession, a police officer said. The incident came to light on Saturday afternoon when two youths allegedly attempted to purchase goods using the fake notes at the Anand Bazaar, under Bhadrak rural police station limits, the officer said. According to an eyewitness, the two suspects, residents of Deopal village near Anand Bazaar, purchased groceries using...

This content was published on May 11, 2025 - 14:00 (Bloomberg) — After years of coming second to popular Latin American carry trades, Asian currencies are finding their cheapness has become an asset as traders seek to capitalize on the dollar’s eroding premium status.Currencies like South Korea’s won, the Indonesian rupiah, and the Indian rupee rank among the most undervalued in emerging markets relative to their historic average, according to data compiled by Bloomberg. Beyond attractive valuations, fresh economic stimulus in China and signs of progress in US-Asia trade negotiations...

Listen to article Indian stock markets lost an estimated $83 billion in market capitalisation this week as escalating military conflict with Pakistan triggered investor concerns and rattled financial markets. The sell-off deepened after Pakistan launched a retaliatory military operation, Operation Bunyan-un-Marsoos, targeting strategic Indian installations in response to missile strikes by New Delhi earlier in the week. The Nifty 50 index fell 1.1% on Friday, closing just above the key 24,000-point psychological level. The BSE Sensex also declined 1.1%, finishing below the 80,000 mark it held a day earlier. The two benchmark...

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Asian markets this week gave a lively taster of what a full-blown currency war might look like under Trump 2.0. But we are not at panic stations yet, and probably (touch wood) will not be any time soon.It has, to be sure, been a week of high drama in a typically sleepy corner of markets. Seemingly out of nowhere, the Taiwanese dollar shot to the moon, jumping by, at the extremes, 10...

Sign up to receive CFR President Mike Froman’s analysis on the most important foreign policy story of the week, delivered to your inbox every Friday afternoon. Subscribe to The World This Week. More From Our Experts Greetings from Tokyo. More on: Japan United States U.S. Economy Trade My deep interest in Japan dates back to my days working as a young summer associate at a Japanese law firm in Tokyo in 1989. (My now-wife, Nancy, worked at the rival law firm.) In those days, Japan was in the midst of an incredible economic boom...

TL;DR The EU has issued new guidance that restricts how esports publishers can use virtual currencies. Virtual currencies enable frictionless in-game microtransactions and drive a lot of esports revenues. The gaming industry isn’t happy, and two of its leading bodies have accused regulators of overreach. Consumer advocates argue that game monetization practices mask the true cost of in-game purchases and make them hard to track. Now that the EU has signalled the direction of travel, US rule-makers might follow. Microtransactions with virtual currencies are a top earner for esports titles,...