Currencies

WASHINGTON - US President Donald Trump said on March 3 he told leaders of Japan and China they cannot continue to reduce the value of their currencies, as doing so would be unfair to the United States.“I’ve called President Xi (Jinping), I’ve called the leaders of Japan to say you can’t continue to reduce and break down your currency,” Mr Trump said at the White House.“You can’t do it because it’s unfair to us. It’s very hard for us to make tractors, Caterpillar here, when Japan, China and other places...

This content was published on March 4, 2025 - 01:19 (Bloomberg) — Asian stocks fell Tuesday, tracking US shares lower as President Donald Trump’s pledge to impose tariffs on trading partners raised the spectre of a trade war hitting global economic growth.Tokyo and Sydney shares were down, with futures showing equity benchmarks in Hong Kong to open lower Tuesday. The S&P 500 declined almost 2% as the US president said Mexico and Canada couldn’t negotiate a reprieve from tariffs set to take effect Tuesday and signed an order doubling a...

By Leika Kihara and Makiko Yamazaki(Reuters) -U.S. President Donald Trump said he told the leaders of Japan and China they could not continue to reduce the value of their currencies, as doing so would be unfair to the United States.The remarks added to market jitters as Trump's new 25% tariffs on imports from Mexico and Canada took effect on Tuesday, along with a doubling of duties on Chinese goods to 20%, in a fresh escalation of global trade tensions.Highlighting the risk that Japan's export-reliant economy faces from uncertainty over Washington's...

US president Donald Trump has named the crypto currencies/assets to be included in the nation's strategic reserve: on top of the original crypto currency Bitcoin (BTC), its competitor Ethereum (ETH), Solana (SOL), XRP and Cardano-ADA will be part of the reserve. A reserve is an official stockpile of for example oil, that can be used in times of supply distribution, or a national crisis, to stabilise markets. The role of crypto currencies paid for with public money in reserves is new and untried, and not universally accepted as a good...

Bitcoin and other cryptocurrency prices jumped after President Donald Trump named them in a post about a crypto strategic reserve. The price of Bitcoin jumped more than 10% on Sunday, after President Donald Trump said it would be part of a Crypto Strategic Reserve, along with a handful of other digital currencies. Although he didn’t initially mention Bitcoin by name, he did name smaller digital assets whose prices also spiked. In a post on Truth Social, Trump said his executive order on digital assets directed the Presidential Working Group to...

A Truth Social post on Sunday, where President Donald Trump reiterated plans for a “U.S. Crypto Reserve” and praised several specific coins, is drawing ire in the crypto community.  Featured Video The post gave a bump to a floundering market, but the currencies picked had skeptics convinced the announcement was a ploy to boost the bottom line of people in his administration. Trump claimed he would make the U.S. “the Crypto Capital of the World” and create a “Crypto Strategic Reserve” that included a specific set of currencies: Ripple, Solana, and...

U.S. President Donald Trump announced on March 2 the first five cryptocurrencies that will form a U.S. strategic crypto reserve: Bitcoin, Ethereum, Ripple, Solana, and Cardano. Bitcoin and Ethereum are the two largest cryptocurrencies in the world by market value. By establishing a crypto reserve, the U.S. becomes a direct stakeholder in the digital asset market, gaining leverage over global policy, adoption rates, transaction standards, and institutional investment. Trump posted on Truth Social, “I will make sure the U.S. is the Crypto Capital of the World.” SEE: The 6 Best...

(Bloomberg) -- The outlook for emerging Asian currencies is worsening again after US President Donald Trump announced new tariffs on China, curbing optimism that his threats were mainly bargaining ploys. Most Read from Bloomberg Regional currencies have tumbled over the past week, with the Thai baht and South Korean won both sliding about 2%, as rising fears over a global trade war sapped risk appetite. Asian currencies have also unwound part of their January rally as a number of central banks in the region cut interest rates to support growth....

(Bloomberg) -- The Canadian dollar and Mexican peso slumped after President Donald Trump affirmed the launch of 25% tariffs on products from both nations beginning Tuesday, the latest in a string of trade announcements from the administration that have buffeted investors in the $7.5 trillion-a-day foreign-exchange market. Most Read from Bloomberg The loonie dropped as much as 0.6% to 1.4542 and the peso slid 0.9% to 20.75 against the US dollar on Monday, touching the weakest levels since Trump’s previous tariff deadline — for early February — caused traders to...

(Bloomberg) -- From China’s artificial-intelligence successes to Dubai’s immigrant-led boom and rising prospects of debt restructuring in Venezuela and Lebanon, the winning emerging-market trades of 2025 all help investors withstand President Donald Trump’s trade agenda. Such selective trades are protecting investors from the unpredictability of Trump’s second term because they aren’t reliant on exports to the US, interest-rate cuts or a weak dollar. While benchmark indexes across stocks, bonds and currencies in developing markets have had the best start in years, the end of February brought a selloff, triggered by yet another...