Currencies

The currency market caught up with the tariff threat at the start of this week, with the dollar stronger across the board, the yen supported, and high-beta currencies under pressure. Again, the big underperformers have been AUD and NZD, likely on the view that China will remain a big focus of US protectionism. In Australia, the Reserve Bank of Australia kept rates on hold overnight as expected. AUD responded to the rally initially, but this morning is not far off yesterday's close. Despite yesterday’s moves, the dollar has plenty of...

India's foreign exchange reserves stand at USD 658.8 billion, enough to cover 11 months of imports, Finance Minister Nirmala Sitharaman informed the Rajya Sabha.New Delhi, Apr 1 (PTI) India is the fourth largest country to hold foreign exchange reserves of USD 658.8 billion, enough to meet the country's imports for 11 months, Finance Minister Nirmala Sitharaman told the Rajya Sabha on Tuesday.Replying to supplementaries during the question hour, she assured members of their concerns on the foreign exchange reserves and the current account deficit."I want to assure you that total...

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Traders show little interest in the Greenback, volatility in the DXY tightens.  US President Trump is set to issue reciprocal tariffs for all countries on Wednesday.  The US Dollar Index trades stable in the green around 104.30, while looking for any sort of driver.  The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is consolidating this week with highs and lows coming in closer to one another at the 104.30 round level this Tuesday. Clearly, market participants are not fond of the...

Strong currencies are important in boosting economic resilience, attracting investment, and assisting overall growth. A stable currency creates economic stability by keeping inflation down and reducing exchange rate volatility.It also helps to serve as a cushion against economic shocks, preserving buying power and economic confidence. Below is a list of the top 10 best performing African currencies, according to the Forbes currency converter.10. Namibian Dollar: One pound sterling gives you 23.68 NAD9. South African Rand. One pound sterling gives you 23.55 ZAR8. Lesotho Loti: One pound sterling gives you 23.52LSL7....

A day before the US announced measures related to reciprocal tariffs, Moody’s on Tuesday said that India is relatively less susceptible to external financial shocks and will be the fastest-growing advanced and emerging economy.“India has a low external vulnerability indicator (EVI) of 61 per cent, indicating its relatively lower susceptibility to external financial shocks,” a report by Moody’s Ratings said. Further, this is supported by its relatively modest external debt-to-GDP ratio of 19 per cent and low export dependency on the US (about 2 per cent of GDP).Related StoriesIndia’s high tariffs,...

Here is what you need to know on Tuesday, April 1:Markets cling to a cautious stance on the first day of April as they await reciprocal tariff decisions from the US, which are expected to be announced at 19:00 GMT on Wednesday. In the European session, March inflation data from the Euro area will be watched closely and the US economic calendar will feature JOLTS Job Openings data for February and ISM Manufacturing Purchasing Managers Index (PMI) report for March. US Dollar PRICE Last 7 days The table below shows...

Hsin-Yi LoBBC News, South EastThe Lewes PoundLewes Pounds feature an image of the political writer and philosopher Thomas Paine, who lived in the townOne of the UK's best-known local currencies has announced it will be ending.The Lewes Pound was launched in 2008 by Transition Town Lewes to celebrate the East Sussex town and support its independent businesses.It is essentially a voucher that people can purchase at selected shops in the town, with one Lewes Pound being worth the same as one British pound.Susan Murray, a director of the Lewes Pound,...

Pepe (PEPE) memecoin approaches its descending trendline, trading around $0.000007 on Tuesday; a breakout indicates a bullish move ahead. Moreover, PEPE's long-to-short ratio supports a bullish thesis as bullish bets among the traders reach the highest over a month, aiming for double-digit gains on the horizon. Tron price defied the broader crypto market downtrend, surging 3% to $0.25 on Monday. This bullish momentum comes as stablecoin issuer Tether minted another $1 billion worth of USDT on the Tron network, according to on-chain data from Arkham. Meanwhile, market sentiment is shifting as the...

This content was published on April 1, 2025 - 06:01 (Bloomberg) — Asian shares snapped a multi-day losing streak amid increased volatility ahead of President Donald Trump’s tariff rollout plan. A regional gauge gained as much as 1.1% with stocks in Taiwan and South Korea rising the most. US equity-index futures slipped after the S&P 500 staged a late rally, showing markets remain under pressure. Gold hit a record high on demand for haven assets while the dollar strengthened marginally against most of the Group-of-10 currencies.  Traders got further details on...