Currencies

The US dollar has been the anchor of the global financial system for decades now. But in recent weeks, market behaviour has started to tell a different story. As President Donald Trump continues to double down on tariffs and policy threats, capital is beginning to move elsewhere. What used to be as the safe haven currency is now treated as a liability. And while investors are losing their confidence in the dollar, the euro is moving in the opposite way. You don’t usually see that outside of wars or financial crises. But now,...

Bitcoin (BTC) price approaches its key resistance level at $85,000 on Monday; a breakout indicates a bullish trend ahead. Ethereum (ETH) and Ripple (XRP) found support around their key levels last week, suggesting a recovery is in the cards. Mantra (OM) price hovered at $0.83 during the Asian session on Monday, following a massive 90% crash from $6.33 on Sunday. The crash wiped out $5.2 billion in the token’s market capitalization, quickly drawing comparisons to the infamous collapse of Terra LUNA and FTX in 2022. Mantra’s team has been accused...

India’s stock, currency, and bond markets will remain closed on Monday, April 14, for a local holiday, resuming trading on Tuesday.  | Photo Credit: iStockphoto India's equity, currency and debt markets will be closed on Monday, April 14, for a local holiday. Trading will resume on Tuesday, April 15.The benchmark BSE Sensex rose 1.8%, while the broader NSE index advanced 1.9%, paring most of their weekly losses after U.S. President Donald Trump's 90-day pause on hefty "retaliatory" tariffs on countries excluding China.The Indian rupee rose 0.75% versus the U.S. dollar...

This is CNBC's live blog covering Asia-Pacific markets. Asia-Pacific markets climbed Monday as U.S. President Donald Trump paused tariffs on some consumer electronics, boosting risk sentiment. Hong Kong stocks led gains in the region, with the Hang Seng Index ending the day 2.4% higher at 21,417.40 to and Hang Seng Tech Index moving up 2.34% to 5,015.12. Mainland China's CSI 300 rose 0.23% to close at 3,759.14. Japan's benchmark Nikkei 225 ended the day 1.18% higher at 33,982.36%, while the broader Topix index rose 0.88% to 2,488.51. In South Korea, the Kospi index added 0.95%...

Share Share Share Share Email As cryptocurrencies like Bitcoin and Ethereum move towards mainstream adoption, some innovative companies are considering integrating virtual currencies into their payroll systems. But is compensating your workforce with decentralized digital money instead of traditional fiat currency a savvy move, or a risky experiment? This in-depth article examines the potential benefits and drawbacks for employers thinking about whether to pay their staff in cryptocurrency. The Potential Advantages of Crypto Payroll Lower Cross-Border Payment Fees One of the biggest appeals of paying employees in cryptocurrency...

The 21st Director General-Level Talks on Customs Cooperation was held between India and Nepal in Kathmandu on April 10-11, 2025 Published Date - 13 April 2025, 02:50 PM New Delhi: Customs authorities of India and Nepal have discussed ways to check trans-border criminal activities, smuggling of gold and narcotics, and fake currency notes (FCN), the finance ministry said in a statement on Sunday. The 21st Director General-Level Talks on Customs Cooperation was held between India and Nepal in Kathmandu on April 10-11, 2025, it said. Issues...

United States Dollar to Nigerian Naira USD NGN 1 USD 1,590.158378 NGN 5 USD 7,950.79189 NGN 10 USD 15,901.58378 NGN 25 USD 39,753.95945 NGN 50 USD 79,507.9189 NGN 100 USD 159,015.8378 NGN 500 USD 795,079.189 NGN 1,000 USD 1,590,158.378 NGN 5,000 USD 7,950,791.890000001 NGN 10,000 USD 15,901,583.780000001 NGN 50,000 USD 79,507,918.900000006 NGN Nigerian Naira to United States Dollar NGN USD 1 NGN 0.000628868 USD 5 NGN 0.003144341 USD 10 NGN 0.006288682 USD 25 NGN 0.015721704 USD 50 NGN 0.031443409 USD 100 NGN 0.062886818 USD 500 NGN 0.314434088 USD 1,000 NGN...

BENGALURU: Asian currencies rose against the dollar on Friday as US President Donald Trump’s tariffs on trading partners prompted a rush out of the world’s reserve currency, though stocks remained subdued on lingering tariff concerns. The US dollar index fell below 100 against a basket of major units for the first time since July 2023 as investors ditched US assets for other safe-havens like the Swiss franc, yen, euro and gold. Singapore’s dollar firmed to its highest level in more than five months, while Malaysia’s ringgit appreciated by 0.7%. The...

Foreign currency assets (FCA), which make up the largest share of the reserves, stood at 574.09 billion. (image source: Canva) India’s foreign exchange reserves surged to a record $676.3 billion as of April 4, reflecting a robust weekly increase of $10.9 billion, according to data released by the Reserve Bank of India (RBI). The spike came during a week marked by the US dollar's decline across global currency markets, following heightened trade tensions spurred by President Donald Trump's tariff offensive. Compared to end-March 2025, forex reserves have climbed by $7.9...

The South American nation’s central bank announced that it will undo a fixed currency peg from Monday, letting the peso freely fluctuate within a moving band between 1,000 and 1,400 pesos per dollar, versus 1,074 at the close on Fridayread moreArgentina dismantled key parts of its years-long currency controls and loosened its grip on the peso on Friday as it sealed a $20 billion, 48-month Extended Fund Facility deal with the International Monetary Fund (IMF).The IMF deal lays out an immediate disbursement $12 billion, and a first review is planned...