Currencies

The official also claimed the ECB has recently been hyping the stablecoin menace to bolster political support for its controversial digital euro project, an effort to build a pan-European payment system that, it says, would shield Europe's financial infrastructure from crypto-assets. Stablecoins denominated in dollars, which are backed primarily by U.S. treasuries, account for 99 percent of the $240 billion market, according to Frankfurt. The central bank fears that allowing dollar-backed stablecoin issuers to offer their product in both the U.S. and the EU could also favor “existing non-EU stablecoin...

April 22 (Reuters) - The following table shows rates for Asian currencies against the U.S. dollar, as of 0206 GMT. CURRENCIES VS U.S. DOLLAR Currency Latest bid Previous Pct day Move Japan yen 140.800 140.85 +0.04 Sing dlr 1.306 1.305 -0.05 Taiwan dlr 32.484 32.46 -0.07 Korean won 1426.500 1421.5 -0.35 Baht 33.220 33.11 -0.33 Peso 56.739 56.59 -0.26 Rupiah 16830.000 16800 -0.18 Rupee 85.128 85.1275 0.00 Ringgit 4.378 4.367 -0.25 Yuan 7.311 7.2925 -0.25 Change so far in 2025 Currency Latest bid End 2024 Pct Move Japan yen 140.800...

BENGALURU: Emerging Asian currencies strengthened on Monday as renewed pressure on the dollar, this time from President Donald Trump’s criticism of the Federal Reserve, deepened concerns over central bank independence and added to uncertainty in global markets. The Thai baht led regional gains, just shy of its early October high, while the Singapore dollar rose 0.5% to 1.3040, its strongest level in six months. The dollar slid to a three-year low after the Trump administration criticised Fed Chair Jerome Powell last week and floated the idea of firing him. “It...

(Corrects paragraph 1 and 9 to say Singapore stocks gained for the sixth straight session, not seventh) * Indonesian rupiah leads losses * Asian equities mixed * Stocks in Malaysia snap three straight sessions of losses By Rishav Chatterjee April 22 (Reuters) - Currencies in emerging Asia were subdued on Tuesday, weighed down by President Donald Trump's renewed criticism of the U.S. Federal Reserve, while Singapore equities extended their winning streak into a sixth straight session. An MSCI index of Asian emerging market equities snapped a three-day streak of gains,...

Euro to Japanese Yen EUR JPY 1 EUR 161.88660313 JPY 5 EUR 809.43301565 JPY 10 EUR 1,618.8660313 JPY 25 EUR 4,047.16507825 JPY 50 EUR 8,094.3301565 JPY 100 EUR 16,188.660313 JPY 500 EUR 80,943.301565 JPY 1,000 EUR 161,886.60313 JPY 5,000 EUR 809,433.01565 JPY 10,000 EUR 1,618,866.0313 JPY 50,000 EUR 8,094,330.1565 JPY Japanese Yen to Euro JPY EUR 1 JPY 0.006177163 EUR 5 JPY 0.030885817 EUR 10 JPY 0.061771634 EUR 25 JPY 0.154429085 EUR 50 JPY 0.30885817 EUR 100 JPY 0.61771634 EUR 500 JPY 3.088581701 EUR 1,000 JPY 6.177163401 EUR 5,000 JPY...

Something rare is happening on Wall Street: Stocks, bonds and the dollar are all falling at the same time — and investors are debating why. Charly Triballeau/AFP via Getty Images hide caption toggle caption Charly Triballeau/AFP via Getty Images For decades, the U.S. financial system has been regarded as one of the most stable and powerful in the world. Now, there are fears that something unprecedented may be happening as a result of President Trump's tariffs: Investors everywhere may be losing their faith in the United States. The concerns come...

Updated April 21, 2025 at 17:15 PM ET For decades, the U.S. financial system has been regarded as one of the most stable and powerful in the world. Now, there are fears that something unprecedented may be happening as a result of President Trump's tariffs: Investors everywhere may be losing their faith in the United States. The concerns come as Wall Street is being convulsed by an extremely rare event: Stocks, U.S. government bonds, and the dollar are all taking a hit at the same time — and not everybody...

Macomb, Detroit, Michigan-In the vast theater of global trade, a silent drama unfolds every day: the USA buys real goods and services from across the world, not with hard-earned commodities or gold-backed guarantees, but with paper dollars— printed in abundance, backed by confidence, and accepted globally as the world’s reserve currency. For decades, this privilege has placed the USA in a position of unrivaled economic power. It can run persistent trade and budget deficits without suffering the traditional penalties other countries face, such as currency depreciation or reserve depletion. With...

Gold prices soared to fresh high on Monday as the dollar index in the global markets plunged by 1.13 per cent to a three-year low of 98.10. The dollar index gauges the greenback’s strength against a basket of six currencies. Since gold is a dollar-denominated metal, it becomes cheaper for institutional buyers and hedgers to buy haven gold in other currencies. Gold prices are inversely proportional to the dollar index movement.Gold prices in India were near ₹ 1 lakh for 10 gm, including 3 per cent Goods and Service Tax...

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...