Currencies

Bitcoin (BTC) price faces a slight rejection around its $85,000 resistance level on Wednesday after recovering 3.16% the previous day. Ripple (XRP) follows BTC as it falls below its critical level, indicating weakness and a correction on the horizon. However, Ethereum’s (ETH) price broke above its key resistance level, eyeing a recovery. Traders should watch US President Donald Trump’s “Liberation Day” on Wednesday, with significant tariff announcements, which could trigger increased volatility in the cryptocurrency market due to the potential impact of reciprocal tariffs.  Solana price consolidated below $130 on Tuesday, facing mounting...

SINGAPORE, April 2 — The dollar firmed a touch and other currencies held tight ranges today as traders anxiously awaited details of US President Donald Trump’s tariff plans later in the day that could set the tone for markets in the near term.The euro last bought US$1.0792 (RM4.80) while sterling steadied at US$1.2924, both little changed ahead of a White House Rose Garden announcement scheduled for 2000 GMT that will likely see the imposition of dramatic new duties that could upend the global trade system.Trump has for weeks trumpeted April...

1. Why is Qubetics unique compared to other DeFi projects?Qubetics focuses on tokenizing real-world assets, bridging traditional finance with blockchain technology, which sets it apart from other DeFi projects that focus solely on digital assets.2. What’s driving the resurgence of Bitcoin in 2025?Bitcoin’s resurgence is fueled by growing institutional adoption, its use as a hedge against inflation, and the ongoing development of the Lightning Network to improve scalability.3. How does Ethereum 2.0 improve the Ethereum network?Ethereum 2.0 introduced the Proof-of-Stake mechanism, making the network more secure, scalable, and energy-efficient, addressing...

India is the fourth largest country to hold foreign exchange reserves of $658.8 billion, enough to meet the country’s imports for 11 months, Finance Minister Nirmala Sitharaman told the Rajya Sabha on Tuesday. Replying to supplementaries during the question hour, she assured members of their concerns on the foreign exchange reserves and the current account deficit. “I want to assure you that total foreign exchange reserves as of March 25, 2025, is $658.8 billion. We are the fourth largest in terms of foreign exchange reserves that any country holds. Which...

The currency market caught up with the tariff threat at the start of this week, with the dollar stronger across the board, the yen supported, and high-beta currencies under pressure. Again, the big underperformers have been AUD and NZD, likely on the view that China will remain a big focus of US protectionism. In Australia, the Reserve Bank of Australia kept rates on hold overnight as expected. AUD responded to the rally initially, but this morning is not far off yesterday's close. Despite yesterday’s moves, the dollar has plenty of...

India's foreign exchange reserves stand at USD 658.8 billion, enough to cover 11 months of imports, Finance Minister Nirmala Sitharaman informed the Rajya Sabha.New Delhi, Apr 1 (PTI) India is the fourth largest country to hold foreign exchange reserves of USD 658.8 billion, enough to meet the country's imports for 11 months, Finance Minister Nirmala Sitharaman told the Rajya Sabha on Tuesday.Replying to supplementaries during the question hour, she assured members of their concerns on the foreign exchange reserves and the current account deficit."I want to assure you that total...

is a promising new crypto presale that integrates Social-Fi and AI. The $SHIBI token fuels the Panshibi ecosystem, offering substantial use cases, including high-yield staking with up to 1,200% APY and exclusive access to the Bamboo Private VIP Members Club for presale holders. Demonstrating long-term commitment, the liquidity pool is locked for 10 years, while team tokens remain locked for two years. Backed by a comprehensive smart contract audit by Coinsult, Panshibi ensures top-tier security and transparency, reinforcing trust among investors looking for stability in a volatile market.Panshibi’s launch strategy...

Traders show little interest in the Greenback, volatility in the DXY tightens.  US President Trump is set to issue reciprocal tariffs for all countries on Wednesday.  The US Dollar Index trades stable in the green around 104.30, while looking for any sort of driver.  The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is consolidating this week with highs and lows coming in closer to one another at the 104.30 round level this Tuesday. Clearly, market participants are not fond of the...

Strong currencies are important in boosting economic resilience, attracting investment, and assisting overall growth. A stable currency creates economic stability by keeping inflation down and reducing exchange rate volatility.It also helps to serve as a cushion against economic shocks, preserving buying power and economic confidence. Below is a list of the top 10 best performing African currencies, according to the Forbes currency converter.10. Namibian Dollar: One pound sterling gives you 23.68 NAD9. South African Rand. One pound sterling gives you 23.55 ZAR8. Lesotho Loti: One pound sterling gives you 23.52LSL7....

A day before the US announced measures related to reciprocal tariffs, Moody’s on Tuesday said that India is relatively less susceptible to external financial shocks and will be the fastest-growing advanced and emerging economy.“India has a low external vulnerability indicator (EVI) of 61 per cent, indicating its relatively lower susceptibility to external financial shocks,” a report by Moody’s Ratings said. Further, this is supported by its relatively modest external debt-to-GDP ratio of 19 per cent and low export dependency on the US (about 2 per cent of GDP).Related StoriesIndia’s high tariffs,...