Currencies

Hong Kong authorities ramped up sales of the local dollar as the greenback’s slide threatened the foreign-exchange peg.The Hong Kong Monetary Authority (HKMA) sold a record HK$60.5 billion (S$10.1 billion) of the city’s currency, according to an alert sent on its Bloomberg page on Tuesday (May 6) in Asia, after it tested the upper end of its trading band. That added to the HK$56.1 billion of sales versus the greenback since Friday. The rapid intervention signals efforts from the city’s authorities to limit the currency’s moves within its 7.75-to-7.85 per US...

According to the report, India’s total foreign exchange reserves stood at USD 688.13 billion as on April 25, 2025, reflecting a stable and healthy external sector position. The reserves almost rose by $11.83 billion in a month. As of April 4, 2025, India’s foreign exchange reserves stood at $676.3 billion, per the PIB press release.India’s reserves are diversified across the following assets:1. Foreign Currency Assets (FCAs): The largest component, these assets provide liquidity and comprise the major G-10 currencies. It is the first in line in terms of protecting against...

Ripple to Iraqi Dinar XRP IQD 1 XRP 2,807.460444 IQD 5 XRP 14,037.30222 IQD 10 XRP 28,074.60444 IQD 25 XRP 70,186.5111 IQD 50 XRP 140,373.0222 IQD 100 XRP 280,746.0444 IQD 500 XRP 1,403,730.222 IQD 1,000 XRP 2,807,460.444 IQD 5,000 XRP 14,037,302.219999999 IQD 10,000 XRP 28,074,604.439999998 IQD 50,000 XRP 140,373,022.199999988 IQD Iraqi Dinar to Ripple IQD XRP 1 IQD 0.000356194 XRP 5 IQD 0.001780969 XRP 10 IQD 0.003561938 XRP 25 IQD 0.008904845 XRP 50 IQD 0.01780969 XRP 100 IQD 0.03561938 XRP 500 IQD 0.178096899 XRP 1,000 IQD 0.356193799 XRP 5,000 IQD...

(Bloomberg) -- A recent surge in Asian currencies is shifting the outlook for the region’s equities, with money managers and strategists favoring stocks tied to local consumption and expecting a return of global funds. Most Read from Bloomberg Morgan Stanley strategists said they like markets including India and the Philippines, where stocks tend to be more geared toward domestic demand. They favor sectors such as real estate and financials. Aberdeen Investments prefers defensive plays like consumer and healthcare stocks, while Societe Generale SA sees India as a major beneficiary from...

BAKU, Azerbaijan, May 6.​ The Central Bank of Azerbaijan (CBA) has released the official exchange rates as of May 6, Trend reports. According to the CBA, the official exchange rate for the US dollar remains unchanged at 1.7 manat. The euro's exchange rate is 1.9252 manat, while the Turkish lira is worth 0.044 manat. Additionally, 100 Russian rubles are equivalent to 2.1118 manat. Currencies Code Exchange rate 1 US dollar USD 1.7 1 euro EUR 1.9252 1 Australian dollar AUD 1.0996 1 Belarusian ruble BYN 0.5543 1 Bulgarian Lev BGN...

Global stocks remained in a narrow band on Tuesday, with the dollar regaining some lost ground against Asian currencies. Investor concerns have resurfaced over U.S. tariffs' implications on economic growth, coupled with oil producers' commitments to boost supply, keeping crude prices near historic lows. The erratic trade policies of President Donald Trump have sparked major waves of dollar selling since April. This trend has lifted the euro, yen, and Swiss franc, with the Taiwan dollar reaching record levels, prompting speculation over potential regional foreign exchange revaluation to secure U.S....

Indian stock markets witnessed a subdued opening on Tuesday as benchmark indices remained nearly flat, with investors keeping a keen eye on impending global developments, especially the U.S. Federal Reserve's policy meeting commencing later today. Geopolitical tensions between India and Pakistan further tempered market sentiments, although the steady influx of investments from foreign portfolio investors (FPIs) provided some support to Indian equities.The Nifty 50 index initiated trading at 24,500.75, reflecting a rise of 39.60 points or 0.16 percent, while the BSE Sensex opened at 80,907.24, marking an increase of...

Rupee traded in a narrow range on Tuesday, slipping 8 paise to 84.38 against the US dollar in early trade amid a stronger dollar index, weakness in Asian currencies, and lingering geopolitical tensions between India and Pakistan. At the interbank foreign exchange, the rupee opened at 84.28 and moved between an early high of 84.26 and a low of 84.38 against the greenback. The domestic currency had closed at 84.30 on Monday, registering a 27 paise gain. Forex traders said that while the USD/INR pair remained under pressure from global...

The dollar rose in Asia on Tuesday fuelled by hopes for trade deals to avert Donald Trump’s sweeping tariffs, while equities mostly rose as investors await the Federal Reserve’s latest policy decision.Oil also staged a comeback after tanking on news of an output hike by key producers that came despite growing concerns about demand and the outlook for the global economy.While no agreements have yet been reached with the White House, there is optimism that governments are making progress in averting or tempering the US president’s eye-watering levies, which have...

The U.S. dollar weakened on Tuesday as sharp gains in the Taiwan dollar triggered strength across Asian currencies, raising doubts about the greenback’s resilience. The Taiwan dollar soared 8% over two days, touching a three-year high of 29.59 per dollar after U.S.-Taiwan trade talks in Washington, before stabilizing at 30.02. Markets speculated that the appreciation was unofficially sanctioned, though Taiwan’s central bank denied any deal. The Hong Kong Monetary Authority intervened by buying $7.8 billion to defend its currency peg to the U.S. dollar, highlighting broader currency tensions in the...