Currencies

On President Donald Trump’s much-touted April 2 “Liberation Day,” he unveiled a range of potentially debilitating “reciprocal” tariffs on the United States’ major trading partners—and most other countries as well. Surprisingly, some of the countries facing the highest tariffs after the April announcement were U.S. partners in Asia, such as Japan, South Korea, and Vietnam; Vietnam, a huge trading partner, was hit with a 46 percent “reciprocal” tariff. Trump also put tariffs on Cambodia—a whopping 49 percent for one of East Asia’s poorest countries—and even Australia, a critical security ally...

US equities fell sharply after weak GDP data and lacklustre corporate earnings. At one point the index fell more than 2% before staging a partial rebound. There was a large amount of economic for investors to digest. Global bond yields are generally lower, and the dollar is mixed against G10 currencies, albeit with relatively small absolute moves. Brent crude prices fell towards US$63 per barrel. The US economy contracted an annualised 0.3% rate in the March quarter. This is the first GDP fall since 2022 and was weaker than consensus...

Listen to this article As decentralized digital assets, cryptocurrencies like Bitcoin currently require real-world comparisons to understand their actual valuation. The United States dollar is one of the most widely used currencies in such comparisons, as it serves as a global reserve currency. As such, investors must be aware of the Bitcoin price USD conversion rate, which provides real-world insight into the token’s market strength. Simply by comparing Bitcoin to the dollar, investors gain an accurate sense of the cryptocurrency’s actual purchasing power and market standing. A price comparison to...

Share this article As digital currencies gain wider acceptance, more individuals and entrepreneurs are exploring the benefits of accepting cryptocurrency payments. Crypto offers flexibility, global reach, and freedom from traditional banking barriers — but also brings new challenges. Here platforms like Cryptomus come into play as they help accept and manage crypto securely and easily.This article covers the main pros and cons of accepting cryptocurrency and how Cryptomus can support individuals and entrepreneurs entering digital finance.What are cryptocurrency payments?Crypto payments involve using digital currencies like Bitcoin, Ethereum, and Tether for...

Chuck Zhang, CFO of PolyFlow, Payment Infrastructure for Web3.0. getty Stablecoins have witnessed a remarkable surge, surpassing a total market value of $230 billion as of this writing. Just five years ago, they were in their infancy. Now, these digital currencies are transforming global finance by simplifying transactions, expediting cross-border trade and facilitating remittances. Stablecoins are digital currencies that are typically pegged to fiat currencies such as the U.S. dollar (USD) at a 1:1 ratio. They are issued on blockchain networks such as Ethereum and Tron, combining the advantages of...

South Korea, Singapore and China’s currencies are likely to be the biggest Asian beneficiaries as central banks look to diversify their reserves away from the US dollar, according to Goldman Sachs Group. While the greenback and euro remain pre-eminent reserve assets, there’s scope for central banks to boost their allocations to “non-traditional” peers as the US dollar’s dominance continues to ebb, strategists including Danny Suwanapruti and Rina Jio wrote in a note. The won, Singapore dollar and renminbi are the top candidates for the flows in Asia, according to Goldman. Demand for...

Did the US economy shrink in the first quarter of 2025? Economic malaise is a crucial worry among investors, and the first read of GDP – as well as the Fed's favorite inflation figure – are key.Follow live coverage here on DiscordJoin FXStreet Premium to participate in the live coverage, get Gold alerts, access the analysts, and lots more. A broad look at Trump's first quarter in officeUS Gross Domestic Product (GDP) is released three times, and the first estimate due out imminently is the most influential publication. This quarter is different...

MUMBAI: The Indian rupee is expected to find support from the Chinese yuan at Wednesday’s open while market participants remain vigilant for any news related to the India-Pakistan border, where tensions continue to simmer. The 1-month non-deliverable forward indicated that the rupee will open marginally higher-to-flat to the US dollar from the close of 85.2625 in the previous session. It was a choppy session for the rupee on Tuesday, with traders highly sensitive to any news related to India-Pakistan developments. The Indian currency hit a year-to-date high during the day,...

Bitcoin price broke above its 200-day Exponential Moving Average (EMA) at $85,000 early last week, rallying 11.14% until Friday. However, BTC failed to close above its March high of $95,000 and hovered around this level in the last four days. At the time of writing on Wednesday, it continues to stabilize around the $95,000 level. TRON’s price bullish outlook may be at risk, teetering on the brink, as the immediate support from the 50-day EMA near $0.24 shows signs of faltering. Its upside is capped under $0.25, the red-shaded area...

MUMBAI, April 30 (Reuters) - The Indian rupee, on Wednesday, rose to its highest level this year on the back of likely inflows into equities, a pickup in hedging-related dollar sales from local exporters and cutting of bearish positions on the local currency.The rupee rose 0.5% to a high of 84.78 per dollar, tracking gains in Asian currencies, which were up by as much as 0.8% on the day. Sign up here.Optimism surrounding a potential trade deal between India and the U.S. has also aided the rupee.U.S. President Donald Trump...