Currencies

Instant payments often stop at national borders. That's an issue for banks and companies trying to do business around the world. As popular as real-time payments have become, the underlying protocols are mostly domestic and unable to work with each other.Circle, which is best known for issuing the USDC stablecoin, is trying to narrow this gap by launching the Circle Payments Network, which connects financial institutions, digital challenger banks, payment companies, and digital wallets to process payments instantly in different currencies and markets. Other firms tied to cryptocurrency, such as Ripple,...

Prices of rice shipped from India and Thailand edged higher this week, aided by currency fluctuations, although gains were capped by subdued demand, while Vietnamese rates were little changed. Indian rice prices recovered from a 22-month-low, with the 5% broken parboiled variety being quoted at $389-$396 per metric ton, up from the last week’s $388-$394. Prices were helped as the Indian rupee rose slightly versus the U.S. dollar. Indian 5% broken white rice was priced at $382-$388 per metric ton this week. Buyers from Africa “are on the sidelines. They...

KUALA LUMPUR, April 24 — The ringgit closed stronger against the US dollar on weaker greenback demand, amid a decline in investor confidence due to ongoing US-China trade tensions and a lack of progress in negotiations.At 6pm, the local unit stood at 4.3695/3750 against the greenback, improving from Wednesday’s close of 4.3880/3925.Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the ringgit gained about 0.32 per cent today amid the uncertainties over the US tariff spat with China and other global trading partners.“It seems China has demanded...

The Ghana Cedi has depreciated by about 4.0% to the US dollar so far in 2025, the World Bank April 2025 Africa Pulse Report has revealed. This is one of the best performances in recent times. In 2024, the cedi lost over 17% in value to the American greenback. In Africa, the CFA Franc used by most Francophone West African countries is the best performing.0 currency, appreciating by about 2.0% to the American dollar. According to the World Bank, the weakest performing currencies over the past year were the South...

India rates recover slightly from 22-month low In Vietnam, demand from buyers hasn't picked up, trader says Bangladesh begins purchasing 1.7 million tons of rice from local farmers April 24 (Reuters) - Prices of rice shipped from India and Thailand edged higher this week, aided by currency fluctuations, although gains were capped by subdued demand, while Vietnamese rates were little changed. Indian rice prices recovered from a 22-month-low, with the 5% broken parboiled variety being quoted at $389-$396 per metric ton, up from the last week's $388-$394. Prices were helped...

April 24 (Reuters) - The following table shows rates for Asian currencies against the U.S. dollar, as of 0202 GMT. CURRENCIES VS U.S. DOLLAR Currency Latest bid Previous Pct day Move Japan yen 142.750 143.44 +0.48 Sing dlr 1.314 1.3152 +0.09 Taiwan dlr 32.534 32.492 -0.13 Korean won 1430.100 1427.2 -0.20 Baht 33.485 33.52 +0.10 Peso 56.495 56.547 +0.09 Rupiah 16865.000 16860 -0.03 Rupee 85.420 85.42 +0.00 Ringgit 4.390 4.388 -0.05 Yuan 7.297 7.2885 -0.12 Change so far in 2025 Currency Latest bid End 2024 Pct Move Japan yen 142.750...

Investing Mc_Cloud / Shutterstock.com Published: April 24, 2025 7:40 am Financial markets around the world have faced significant upheaval this year, impacting not only stock markets but also the value of national currencies. This matters greatly not just to forex traders but to billions of people worldwide. When a currency is strong, it enables consumers to purchase more from other countries and draws in foreign investment, which in turn supports job creation and government revenues. On the other hand, weak currencies push up the cost of imports, drive inflation higher,...

Solana (SOL) price faces growing overhead pressure and slides below $150 to trade at $148 at the time of writing on Thursday. The sudden pullback follows the crypto market's edging higher on improving investor sentiment, which saw SOL climb to $154 on Wednesday.  Uniswap (UNI) price hovers around $5.92 at the time of writing on Thursday, having rallied 12.8% so far this week. According to Wu Blockchain, data shows that the address potentially related to the Uniswap team, investor, or advisor transferred 9 million UNI to the Coinbase Prime Deposit...

Sensex Nifty Today | Stock Market Live Updates: The Indian benchmark indices, Sensex and Nifty, opened on a flat note today, with both trading in the red. The Nifty is hovering near 24,250, while the Sensex is around the 80,000 mark. Select Asian markets, however, have started on a strong note. Nikkei is up over  1% after  US stock markets extended gains for the second day. This is after Donald  Trump announced that he had “no intention” of removing Fed Chair Jerome Powell before his term. The US indices closed the...

Asian markets were mixed on Thursday (Apr 24) after US President Donald Trump said he had “no intention” of firing the US central bank head and made conciliatory comments on his trade war with China.Trump’s attacks on the Federal Reserve for not cutting interest rates had raised fears that he would fire its “Mr Too Late” chief Jerome Powell, in a major blow to its independence. Trump’s rowback on Wednesday boosted Wall Street, as did his comments that US tariffs on China were “very high” and would “come down substantially”. The broad-based...