Currencies

The Malaysian ringgit led losses across muted Asian currencies on Thursday ahead of the central bank’s expected rate pause, while the greenback stabilised after the US Federal Reserve maintained its benchmark interest rate. The ringgit touched its lowest level since May 2, weakening 0.7% to 4.266 per dollar, extending its decline to a third consecutive session. The Philippine peso and South Korean won each retreated 0.2%. The dollar index, which measures the currency against six major counterparts, edged down 0.2% but remained near Wednesday’s levels when a three-day slide ended...

Rising tensions between India and Pakistan following recent military action appear unlikely to significantly affect foreign investor sentiment toward Indian markets, according to analysts and market participants quoted in a Reuters report.India’s economy, which recently crossed the $4 trillion mark, has minimal direct trade with Pakistan. As a result, cross-border missile strikes carried out by India had limited immediate impact on domestic equities, currencies, or bonds.Investors believe that the likelihood of a full-scale conflict remains low. Ajay Marwaha, head of fixed income at Nuvama Group, told the news agency that...

Gold prices rose in India on Thursday, according to data compiled by FXStreet. The price for Gold stood at 9,216.33 Indian Rupees (INR) per gram, up compared with the INR 9,146.91 it cost on Wednesday. The price for Gold increased to INR 107,496.20 per tola from INR 106,687.80 per tola a day earlier. Unit measure Gold Price in INR 1 Gram 9,216.33 10 Grams 92,162.32 Tola 107,496.20 Troy Ounce 286,656.60   Daily Digest Market Movers: Gold price benefits from reviving safe-haven demand, renewed USD selling US President Donald Trump said...

By Selena Li, Yantoultra Ngui and Anton Bridge HONG KONG/SINGAPORE (Reuters) -A sharp rally in Asian currencies is set to boost demand for wealth and forex products as clients seek alternatives to U.S. dollar-denominated assets and demand for hedging grows amid trade tariff uncertainties, bankers and analysts say. The rally in the currencies since last week, starting with the Taiwan dollar and spreading outwards to those of China, Hong Kong, Malaysia, Singapore and South Korea, sounds a warning for the greenback, and is seen as an "Asian crisis in reverse"....

LONDON - Ukraine is starting to consider a shift away from the US dollar, possibly linking its currency more closely to the euro amid the splintering of global trade and its growing ties to Europe, Central Bank governor Andriy Pyshnyi told Reuters. Potential accession to the European Union, a “strengthening of the EU’s role in ensuring our defence capabilities, greater volatility in global markets, and the probability of global-trade fragmentation” are forcing the central bank to review whether the euro should be the reference currency for Ukraine’s hryvnia instead of...

‘Buy gold, ask questions later’. Octa broker comments on Trump’s first 100 days in office KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 8 May 2025 – Donald Trump’s rise to the U.S. presidency was marked by a series of bold and unconventional policy proposals that many pundits deemed radical at the time. Given the length of the campaign and the public nature of his platform, one would think that the market had plenty of time to prepare and price in the potential policy shifts well in advance. However, it...

Now that US President Donald Trump’s tariff war is in full swing, investors worldwide are wondering what’s next on his agenda for upending the global economic order. Many are turning their attention to the so-called “Mar-a-Lago Accord” – a plan proposed by Stephen Miran, chair of Trump’s Council of Economic Advisers, to coordinate with America’s trading partners to weaken the dollar.At the heart of the plan is the notion that the dollar’s status as the world’s reserve currency is not a privilege but a costly burden that has played a...

Beach holidays in Asia could get more expensive as the dollar weakens against local currencies.Nathalie Jamois/SOPA Images/LightRocket/Getty Images Asian currencies are surging as the US dollar weakens, and it could impact summer travel costs. The dollar's decline is driven by the "Sell America" trend and trade negotiations. A weaker dollar may shift purchasing power to Asia, affecting investments and markets. Dreaming of a cocktail on the beach in Malaysia or exploring the buzzing night markets of Taiwan? You might want to hold that thought: Summer vacations in Asia may get...

The US dollar has been weaker on the back of tariffs and softness internally in terms of expected growth, said Mr Saktiandi Supaat, head of FX research at Maybank. “We observe that there is a diversification away from the USD and the SGD appears to be one of the beneficiaries of this theme,” he said, adding that the Monetary Authority of Singapore’s (MAS) policy stance is also responsible for the steady appreciation of the Singapore dollar. Mr Saktiandi, who is also a Member of Parliament, said Singapore’s stability and strong...

Asian currencies are surging as the US dollar weakens, and it could impact summer travel costs.The dollar's decline is driven by the "Sell America" trend and trade negotiations.A weaker dollar may shift purchasing power to Asia, affecting investments and markets.Dreaming of a cocktail on the beach in Malaysia or exploring the buzzing night markets of Taiwan?You might want to hold that thought: Summer vacations in Asia may get more expensive than you think, as the US dollar continues to come under pressure.The typically stable Taiwan dollar surged by as much...