Currencies

Asian currencies rallied on Monday, led by the Japanese yen and Australian dollar, after the U.S. dollar tumbled to a three-year low. The drop followed President Donald Trump’s proposed overhaul of the Federal Reserve, sparking investor uncertainty. The U.S. Dollar Index plunged 1.2% to 98.18 in Asian trading, its weakest level since March 2022. The decline was driven by comments from White House economic advisor Kevin Hassett, who confirmed that Trump is reviewing whether he can dismiss Fed Chair Jerome Powell. The potential threat to Fed independence rattled markets, especially...

Ain’t no breaking news, but the menace of counterfeit currency has grown manifold, with the conmen now openly flashing their business online. Several fake note makers have popped up on social media sites, especially Instagram. With trending music in the background, their Instagram Reels showcase stacks of currencies of varying denominations, including Rs 500 and Rs 100, among others. The users brag about not getting caught, even by counterfeit currency detectors. However, the quality of the notes manufactured with substandard material is quite evident when the content creator shows how...

Several African currencies are experiencing significant depreciation against the US dollar due to a combination of internal structural weaknesses and external global economic pressuresThe ten weakest African currencies against the dollar include Sierra Leone’s Leone, Guinea’s Franc, and Madagascar’s Ariary, with the Leone being the lowest-valued at 22,748 per $1Nigeria’s Naira has also seen a major decline, attributed to high inflation and economic mismanagement, which have eroded its purchasing powerThe Congolese Franc and Sierra Leone's Leone continue to suffer from the long-term effects of civil conflict, disease outbreaks, and a...

Monero to Ripple XMR XRP 1 XMR 106.052859036 XRP 5 XMR 530.264295181 XRP 10 XMR 1,060.528590361 XRP 25 XMR 2,651.321475903 XRP 50 XMR 5,302.642951805 XRP 100 XMR 10,605.28590361 XRP 500 XMR 53,026.42951805 XRP 1,000 XMR 106,052.8590361 XRP 5,000 XMR 530,264.2951805 XRP 10,000 XMR 1,060,528.590361 XRP 50,000 XMR 5,302,642.951805 XRP Ripple to Monero XRP XMR 1 XRP 0.00942926 XMR 5 XRP 0.047146301 XMR 10 XRP 0.094292602 XMR 25 XRP 0.235731504 XMR 50 XRP 0.471463009 XMR 100 XRP 0.942926017 XMR 500 XRP 4.714630087 XMR 1,000 XRP 9.429260174 XMR 5,000 XRP 47.146300868 XMR...

 Traders cited bids from importers and state-run banks as capping gains, with speculation that the RBI may be buying dollars to rebuild forex reserves, now at a near five-month high of $677.8 billion. | Photo Credit: The Indian rupee extended its winning streak on Monday as the dollar remained on the defensive, with investor confidence in U.S. assets dented by President Donald Trump’s criticism of the Federal Reserve chief.The rupee closed at 85.1275 against the U.S. dollar, up 0.3% on the day. The local unit touched an over two-week high...

Havens favoured as trade risks simmer This week's report dives into what looks set to influence the fair value of the major currencies – think the New Zealand Dollar (NZD), Australian Dollar (AUD), Japanese Yen (JPY), Swiss Franc (CHF), Euro (EUR), British Pound (GBP), Canadian Dollar (CAD), and US Dollar (USD) – over the coming seven days. We're setting this against the backdrop of the wider seven-week picture and, of course, how they've performed recently. We'll be looking at the usual suspects: what markets expect from central bank policy, the...

Gold prices returned to the green zone in India on Eaaster Monday, tracking the renewed record-setting rally in its Comex counterpart. The relentless US Dollar (USD) sell-off remains the primary reason for the buying resurgence in the USD-denominated Gold price on Comex. The USD remains heavy against its major currency rivals due to increased risks to US Federal Reserve's (Fed) independence and mounting recession fears, fuelled by the US-China trade war escalation.  Gold price edges up to 9,280.92 Indian Rupees (INR) per gram, as of writing, following Friday's close of...

New Delhi,  Apr 21: India’s foreign exchange reserves (Forex) rose USD USD 1.567 billion to USD 677.835 billion in the week that ended on April 4, extending gains for the sixth straight week, showed the official data released by Reserve Bank of India (RBI). According to the data released by RBI, for the week ended April 11, the foreign currency assets rose by USD 892 million to USD 574.98 billion. The foreign currency assets are the major constituesnts of forex reserves. The gold reserve also saw an uptick as it...

Ripple (XRP) edges higher on Monday, climbing 1.54% on the day to trade at $2.11 at the time of writing. Bulls have shown resilience and determination in the last week, upholding XRP above the $2.00 level. Several factors that could be contributing to the token’s bullish momentum include the launch of XRP futures trading by Coinbase Derivatives, a spike in open interest and technical indicators flashing buy signals amid improving sentiment across the crypto market. Bitcoin's (BTC) price broke above its key resistance level after facing multiple rejections around it the previous week. Ethereum...

Listen to article The US dollar tumbled on Monday as investor concerns mounted over the Federal Reserve’s independence, following fresh comments from President Donald Trump suggesting he may attempt to remove Fed Chair Jerome Powell. The greenback fell sharply across global currency markets, hitting a 10-year low against the Swiss franc and sliding to a seven-month low versus the yen. The euro surged to its highest level in three years, while emerging market currencies also gained ground. The market reaction followed remarks from White House economic adviser Kevin Hassett, who confirmed the...