Currencies

This content was published on May 5, 2025 - 19:18 (Bloomberg) — Another report showing the US economy entered the trade war on solid footing pushed stocks away from session lows, while bond yields rose amid speculation the Federal Reserve will stay on hold this week.A rebound in industrial shares helped the S&P 500 erase most of a slide that earlier approached 1%. Data showing a pick-up in growth at US service providers helped assuage concerns of a recession even as the outcome of President Donald Trump’s trade war has...

This content was published on May 5, 2025 - 20:16 (Bloomberg) — Another report showing the US economy entered the trade war on solid footing pushed stocks away from session lows, while President Donald Trump suggested that his administration could strike trade deals with some countries as soon as this week.A rebound in industrial shares helped the S&P 500 erase most of a slide that earlier approached 1%. Data showing a pick-up in growth at US service providers helped assuage concerns of a recession even as the outcome of the...

Asian currencies turbocharged by US dollar weakness are attaining rarely seen superlatives and triggering central bank intervention to curb excessive gains.The Hong Kong Monetary Authority on Friday (May 2) sold a record amount of local dollars to prevent its advance and protect the currency’s 42-year-old peg to the greenback. Taiwan’s central bank also intervened as its currency soared the most since 1988. The offshore yuan rallied to its strongest since November. The volatility shows how an exodus from the world’s reserve currency can ripple through financial markets, as US President Donald...

(Bloomberg) -- Asian currencies ripped higher against the US dollar Monday, extending a move that’s hurting exporters, weighing on equities and forcing central banks to intervene in the market to curb excessive gains. Most Read from Bloomberg Taiwan’s dollar surged the most since 1988, sending the nation’s benchmark stock index to its steepest slide in nearly a month. The offshore yuan climbed to its highest level in almost six months as exporters repatriated dollar earnings. The Hong Kong dollar held at the strong end of its allowed trading band for...

‘SHORT TERM’: The local currency would likely remain strong in the near term, driven by anticipated US trade pressure, capital inflows and expectations of a US Fed rate cut The US dollar is expected to fall below NT$30 in the near term, as traders anticipate increased pressure from Washington for Taiwan to allow the New Taiwan dollar to appreciate, Cathay United Bank (國泰世華銀行) chief economist Lin Chi-chao (林啟超) said.Following a sharp drop in the greenback against the NT dollar on Friday, Lin told the Central News Agency that the local...

United States Dollar to Argentine Peso USD ARS 1 USD 1,175.525235 ARS 5 USD 5,877.626175 ARS 10 USD 11,755.25235 ARS 25 USD 29,388.130875 ARS 50 USD 58,776.26175 ARS 100 USD 117,552.5235 ARS 500 USD 587,762.6175 ARS 1,000 USD 1,175,525.235 ARS 5,000 USD 5,877,626.175000001 ARS 10,000 USD 11,755,252.350000001 ARS 50,000 USD 58,776,261.75 ARS Argentine Peso to United States Dollar ARS USD 1 ARS 0.000850684 USD 5 ARS 0.004253418 USD 10 ARS 0.008506836 USD 25 ARS 0.021267089 USD 50 ARS 0.042534178 USD 100 ARS 0.085068357 USD 500 ARS 0.425341783 USD 1,000 ARS...

Trade is structural and its implications for policy and markets alike are pervasive, especially when deficits have been persistent and accumulating for a long time. Currencies and trade imbalances are linked. This link is even more complex and consequential when the currency is also the global reserve currency, as is the case with the US dollar. Therefore, to understand America’s current position and predicament, and also to understand Trump’s tariff agenda, it is necessary to understand the complexities associated with global reserve currency status, its advantages and disadvantages, and why...

Despite the recovery in reserves, the Indian Rupee remains at or near its all-time low against the US dollar. The RBI continues to intervene in the foreign exchange market by selling dollars to prevent steep depreciation of the currency. India’s foreign exchange reserves increased by USD 1.983 billion to reach USD 688.129 billion during the week ending April 25, according to official data released by the Reserve Bank of India (RBI). This marks the eighth consecutive weekly increase in the reserves. However, the reserves still remain below the all-time high...

Mumbai (Maharashtra) , May 4 (ANI): India’s foreign exchange reserves (Forex) rose by USD 1.983 billion to USD 688.129 billion in the week that ended on April 25, extending gains for the eighth straight week, official data released by the Reserve Bank of India (RBI) this week showed. Despite eight consecutive rises in the Forex the reserve remained below the all time high of USD 704.885 billion which was achieved in the last September previous year. Show Full Article The RBI data shows that foreign currency assets (FCAs) witnessed an...

China's Renmimbi has become world's second most used currency in trade finance Monday, November 2nd 2015 - 09:18 UTC Markets expect RMB’s market share in trade settlement and payments to continue to grow anticipating China will further open up its financial markets. China has entered into more than 30 bilateral currency swap agreements since December 2008. As of May 15, 2015, the total value of effective currency swap agreements was RMB 2.9 trillion (US$ 468 billion). Argentina's central bank reportedly drew upon...