Currencies

Computer chip equipment maker ASM International (ASMI) said on Tuesday it expects annual sales to grow in a double-digit percentage range at constant currencies, despite increased macroeconomic uncertainty from trade tensions, after reporting quarterly orders above last year's level.The Dutch company expects sales to grow 10 per cent to 20 per cent for 2025. It posted first-quarter orders of 834.2 million euros ($950.99 million) compared to 697.9 million a year earlier, helped by the Chinese market."While we have reasonable visibility that we will achieve the lower end of the range,...

NEW YORK, April 29 — The dollar edged up today but was on track for its biggest two-month fall in more than 20 years as German fiscal spending plans boosted the euro, while US economic policies undermined investor confidence in the greenback.The common currency jumped in early March as German parties, after decades of austerity, reached a deal to sharply increase public spending, boosting growth expectations for the euro area’s biggest economy.In early April, investors rushed into safe-haven currencies such as the yen and the Swiss franc, but also the...

By Peter Morici The overvalued dollar has benefits for Americans, but also costs. A true global currency might be the answer. America's international arrangements are too expensive for the country to sustain. These costs include security alliances in which America bears too much of the burden, the World Trade Organization (WTO) in which the United States offered low barriers to its market with little reciprocity, and a U.S. dollar (DX00)-anchored global monetary system that requires large issuance of U.S. government debt to expand liquidity for global commerce. These challenges have...

EUR/USD retreats to the 1.1400 region after closing in positive territory on Monday.Markets await key macroeconomic data releases from the US.The technical outlook doesn't point to a buildup of bullish momentum.Following a quiet start to the week, EUR/USD gained traction and closed in positive territory above 1.1420 on Monday. The pair corrects lower in the European session on Tuesday and trades at around 1.1400. Euro PRICE This week The table below shows the percentage change of Euro (EUR) against listed major currencies this week. Euro was the strongest against the...

The global economy is undergoing a reset. Tariffs and protectionism pose real challenges—but they also offer countries like India a chance to lead.This shift puts India in a unique spot. For years, high tariffs acted like a safety net for our domestic industries—often protecting big business from real global competition. But now, with mounting pressure to bring those tariffs down, Indian companies will have to step up. They’ll need to focus on better quality, smarter innovation, and real efficiency if they want to compete. For consumers, that’s a win, more...

Tether’s Q1 attestation report reveals the stablecoin giant has shored up over 7.7 tons of physical Gold to back its issuance of XAU₮. Treasuries’ info shows that at the end of Q1, Tether held 100,521 Bitcoin tokens. Tether co-founder notes that USD-backed stablecoins currently dominate, other currencies could soon compete in the sector. Tether, a stablecoin giant and the seventh-largest holder of US Treasury bills, published its attestation report for the first quarter on Monday. The stablecoin firm noted the US Dollar’s (USD) dominance in the stablecoin sector and dropped the statistics on...

Rupee appreciated by 27 paise to 84.96 against the US dollar in early trade on Tuesday, buoyed by strong foreign fund inflows, healthier domestic economic data, and easing global tensions. Forex traders observed that India's manufacturing and industrial sectors both grew by 3 per cent, highlighting the strength of domestic demand. Additionally, a significant rally in domestic equities, fueled by an influx of foreign investments, helped boost market sentiment. Despite this positive movement, caution prevails, with traders pointing out that any rise in tensions between India and Pakistan could quickly...

Gold prices fell in India on Tuesday, according to data compiled by FXStreet. The price for Gold stood at 9,078.38 Indian Rupees (INR) per gram, down compared with the INR 9,162.60 it cost on Monday. The price for Gold decreased to INR 105,888.50 per tola from INR 106,870.80 per tola a day earlier. Unit measure Gold Price in INR 1 Gram 9,078.38 10 Grams 90,806.52 Tola 105,888.50 Troy Ounce 282,373.60   Daily Digest Market Movers: Gold price is pressured by receding safe-haven demand and a modest USD uptick China's recent...

Some Chinese exporters are speeding up the conversion of their US dollar income into yuan on bets the worst of the tariff-led loss in the local currency may be over.In a Bloomberg survey of 18 Chinese exporters this month, all of them said they’d already converted, or will immediately switch, their greenback holdings into the yuan, as they see the current yuan exchange rate of around 7.3 per US dollar as favourable. The companies in sectors ranging from furniture, ceramics, decorative lighting, and gardening to garments were interviewed at the Canton...

Other countries such as Vietnam and Thailand that rely on exports have been hit with some of the highest US tariffsPublished Tue, Apr 29, 2025 · 11:05 AM Asian countries should diversify their trading partners and boost domestic demand to ensure they can ride out the current global trade war, the head of the Asian Development Bank (ADB) said.The export-driven economies of countries in the region are stronger than in the past, but there is no room for complacency as the US persists with its strategy of high tariffs on...