Currencies

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...

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...