Currencies

US President Donald Trump may have hit the pause on his trade vacillations, but there seems to be a lingering deleterious effect on the American Dollar, which has slumped sharply. Reason: waning confidence in the American economy is leading to a huge flight out of the greenback to other safe haven currencies and gold. This is reflective of a breakdown of a fundamental assumption underpinning global finance – that when there are serious bouts of volatility in the forex markets and a spike in the VIX (volatility index), it normally...

By Siti Noor Afera Abu KUALA LUMPUR, April 11 (Bernama) -- The ringgit ended the week firmer against the US dollar, supported by weaker sentiment towards the greenback amid escalating US-China trade tensions. At 6 pm, the local currency rose to 4.4200/4265 against the US dollar, up from Thursday’s close of 4.4670/4730. Year to date, the ringgit has strengthened by 1.09 per cent. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the ringgit’s appreciation aligned with the decline in the US Dollar Index (DXY),...

US dollars and Treasurys are selling off as President Donald Trump's trade war increases risk for American assets.Investors are uneasy about Trump's policy changes and moving their money from US assets to classic safe havens.The euro has hit a three-year high against the dollar, benefiting from the 'Sell America' trend.Dollar and Treasurys are selling off on Friday as President Donald Trump's trade war ratchets up the risk for American assets.The US Dollar Index — which measures the greenback against a basket of major currencies — fell below the key 100...

US President Donald Trump may have hit the pause on his trade vacillations, but there seems to be a lingering deleterious effect on the American Dollar, which has slumped sharply. Reason: waning confidence in the American economy is leading to a huge flight out of the greenback to other safe haven currencies and gold. This is reflective of a breakdown of a fundamental assumption underpinning global finance – that when there are serious bouts of volatility in the forex markets and a spike in the VIX (volatility index), it normally...

United States Dollar to Ripple USD XRP 1 USD 0.50116521 XRP 5 USD 2.50582605 XRP 10 USD 5.0116521 XRP 25 USD 12.52913025 XRP 50 USD 25.0582605 XRP 100 USD 50.116521 XRP 500 USD 250.582605 XRP 1,000 USD 501.16521 XRP 5,000 USD 2,505.82605 XRP 10,000 USD 5,011.6521 XRP 50,000 USD 25,058.2605 XRP Ripple to United States Dollar XRP USD 1 XRP 1.995349996 USD 5 XRP 9.976749982 USD 10 XRP 19.953499965 USD 25 XRP 49.883749912 USD 50 XRP 99.767499823 USD 100 XRP 199.534999646 USD 500 XRP 997.674998231 USD 1,000 XRP 1,995.349996461 USD...

Rupee made a strong comeback in early trade on Friday, rising by 51 paise to 86.17 against the US dollar. This sharp gain was fueled by a positive opening in domestic equity markets, a weaker greenback, and a drop in global oil prices. The rally in the local currency follows US President Donald Trump’s decision to suspend the additional 26 per cent tariffs on Indian goods until July 9, easing trade tensions between the two nations. At the interbank foreign exchange market, the rupee opened at 86.22 against the dollar—46 paise...

Currency volatility across the region has jumped ever since the larger-than-expected new US tariffs were announced last week. (EPA Images pic) BEIJING: President Donald Trump’s US tariff whiplash and the Chinese yuan’s trajectory will likely keep Asian currency volatility elevated. Currency volatility across the region has jumped ever since the larger-than-expected new US tariffs were announced last week, while foreign currency options signal increased bearishness. Concerns over economic growth have also driven more aggressive bets that regional central banks will cut interest rates. Uncertainty could remain high, even as Trump...

Since 1971, when President Richard Nixon dropped the gold standard, the US dollar has not been backed by precious metals. Instead, everyone has put their faith in the credit of the US government, but not everyone.That move started talk about a de-dollarization of the global economy, especially in recent years among BRIC countries (Brazil, Russia, India and China), among others, who have discussed creating a single currency and payment system among the members. However, no other currency, not even the euro launched in 1999, has been able to sustain a...

Market intelligence firm BigMint noted Chinese FOB prices dropped from $470 to $465 per tonne, with cost and freight prices ranging around $530–$536.  | Photo Credit: Chinese steel offers for India have continued  to be cheaper by 5–12 per cent, week-on-week since March 4, following  the first round of Trump tariffs. This accounts for basic customs duty, currency fluctuations, and port and miscellaneous charges. Price fluctuations have been in the ₹500 per tonne range, although purchases  from Indian traders have been on the slower side, sources said. Corresponding prices in...

By Dow Jones Newswires Staff Asian stock markets powered higher on Thursday, tracking an overnight rally on Wall Street following President Trump's decision to pause steep tariffs on a swath of countries that had been put into effect just hours before. Trump on Wednesday said that he would place a 90-day pause on so-called reciprocal rates announced a week earlier on nations the administration views as "bad actors" on trade--with the exception of China, which now faces an even higher 125% tariff. The pause "pulls stocks and the market from...