Currencies

Currencies

Asia-Pacific markets trade mixed as trade tensions dent sentiment; China stands pat on benchmark lending rates – NBC4 Washington

This is CNBC's live blog covering Asia-Pacific markets. Asia-Pacific markets opened mixed Monday as investors awaited China's rate decision at a time when the yuan has come under pressure due to Beijing-Washington trade tensions. Japan's benchmark Nikkei 225 fell 1.16%, while the broader Topix index lost 1.24%. In South Korea, the Kospi index increased 0.14% while the small-cap Kosdaq moved up 0.13%. Over in China, the central bank kept its key loan prime rates unchanged at 3.10% for 1-year loan maturities and 3.60% for 5-year loan maturities. Australian and Hong Kong markets were closed...
Currencies

Asia-Pacific markets trade mixed as China keeps benchmark lending rates steady – NBC4 Washington

This is CNBC's live blog covering Asia-Pacific markets. Asia-Pacific markets traded mixed Monday as China's central bank held rates at a time when the yuan has come under pressure due to Beijing-Washington trade tensions. Mainland China's CSI 300 rose 0.18% after the People's Bank of China kept its key loan prime rates unchanged at 3.10% for 1-year loan maturities and 3.60% for 5-year loan maturities, in line with the expectations of economists polled by Reuters. Japan's benchmark Nikkei 225 fell 1.24%, while the broader Topix index declined 1.18%. In South Korea, the Kospi index was flat...
Currencies

India’s Foreign Exchange Reserves Climb to USD 677.84 Billion, Sixth weekly gain News24 –

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 the 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 surged by USD...
Currencies

India’s Forex Reserves Climb To $677.8 Billion, Sixth Weekly Gain In A Row

In 2023, India added approximately USD 58 billion to its forex reserves, recovering from a USD 71 billion decline in 2022. In 2024, the reserves have risen by over USD 20 billion so far. India’s foreign exchange reserves continued their upward momentum, rising by USD 1.567 billion to USD 677.835 billion in the week ending April 4, according to data released by the Reserve Bank of India (RBI). This marks the sixth consecutive week of gains in the country’s forex holdings. The increase reflects strong foreign currency asset growth and...
Currencies

RINGGIT LIKELY TO TRADE FLAT NEXT WEEK

By Danni Haizal Danial Donald KUALA LUMPUR, April 19 (Bernama) -- The ringgit is expected to trade flat next week, potentially trading at around RM4.41 to RM4.42, said Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid. He said that United States (US) President Donald Trump indicated a reluctance to keep raising the tariff against China as it might impact the trade between the two nations. Additionally, He said several US Federal Reserve officials, including Christopher Waller and Austan Goolsbee, are scheduled to share their thoughts on the current state of the...
Currencies

India’s Forex Reserves Rise by $1.5 Billion to $677.8 Billion for Sixth Consecutive Week: RBI – Firstpost

India’s forex reserves rose by $1.5 billion to $677.8 billion for the week ended April 11. This marked the sixth consecutive weekly increase, reflecting that India’s economy remains robust despite turbulent timesread moreOn Friday, the Reserve Bank of India (RBI) said that the country’s forex reserves increased by $1.5 billion to $677.8 billion for the week ended April 11.This is the sixth consecutive week the Indian forex has seen a jump. The overall reserves jumped by $10.8 billion to $676.2 billion in the previous reporting week ended April 4.It is...
Currencies

Dollar’s role as global reserve currency under fire

At first, it was just a quiet murmur in relatively isolated sections of the financial press. But today, the voices are growing louder: the US dollar could lose its role as the world’s global currency amid the breakdown of all the arrangements and mechanisms of the post-war period under the impact of the US economic war against the world initiated by President Trump.A street money exchanger poses for a photo without showing his face as he counts U.S. dollars at Ferdowsi square, Tehran's go-to venue for foreign currency exchange, in...
Currencies

Should the US Be Worried? – The Diplomat

A decade ago, a traveler from Singapore visiting Bangkok or Jakarta would likely rely on U.S. dollars or a global credit card to settle the bill. Today, things are changing. A Malaysian tourist in Thailand can pay for street food by scanning a QR code, with money instantly debited from their account in ringgit and credited to the vendor in baht. Such small conveniences are part of a broader, quiet revolt in Southeast Asia – a concerted effort by regional governments to reduce their reliance on the U.S. dollar in...
Currencies

USD To COP: Convert United States Dollar to Colombian Peso

United States Dollar to Colombian Peso USD COP 1 USD 4,302.727285 COP 5 USD 21,513.636425 COP 10 USD 43,027.27285 COP 25 USD 107,568.182125 COP 50 USD 215,136.36425 COP 100 USD 430,272.7285 COP 500 USD 2,151,363.6425 COP 1,000 USD 4,302,727.285 COP 5,000 USD 21,513,636.425000001 COP 10,000 USD 43,027,272.850000001 COP 50,000 USD 215,136,364.25 COP Colombian Peso to United States Dollar COP USD 1 COP 0.000232411 USD 5 COP 0.001162054 USD 10 COP 0.002324107 USD 25 COP 0.005810268 USD 50 COP 0.011620537 USD 100 COP 0.023241073 USD 500 COP 0.116205366 USD 1,000 COP...
Currencies

EMERGING MARKETS-South Korea’s won slips, other Asian currencies mixed

April 18 (Reuters) - The following table shows rates for Asian currencies against the U.S. dollar as of 0208 GMT. CURRENCIES VS U.S. DOLLAR Currency Latest bid Previous day Pct Move Japan yen 142.320 142.41 +0.06 Sing dlr 1.311 1.31 -0.08 Taiwan dlr 32.576 32.531 -0.14 Korean won 1421.300 1416.6 -0.33 Baht 33.310 33.34 +0.09 Peso 56.700 56.7 - Rupiah 16820.000 16820 - Rupee 85.368 85.3675 - Ringgit 4.405 4.405 0.00 Yuan 7.287 7.299 +0.16 Change so far in 2025 Currency Latest bid End 2024 Pct Move Japan yen 142.320...
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