Currencies

Demand for local currency may sustain even as expectations for further MAS policy easing grow, with core inflation in February rising at the slowest pace since June 2021 The Singapore dollar’s outperformance during the first quarter (Q1) can extend over the near term, according to a Bloomberg analysis of its relationship with other markets.The city-state’s currency benefits the most in the region when the Bloomberg Dollar Spot Index weakens and also during times when the euro gains versus the greenback, according to a Bloomberg analysis of seven variables based on...

Rupee dropped 26 paise to 85.78 against the US dollar on Thursday morning after US President Donald Trump imposed tariffs on nearly 60 countries, including India. The US has introduced a 27 per cent tax on Indian imports, arguing that India charges high duties on American goods.  The tariffs being implemented were conceived as part of Trump's plan to reduce the US trade deficit and to rejuvenate manufacturing at home. Though expected to adversely affect India's exports to US, experts feel that India is in a relatively better position compared...

SINGAPORE – The Singapore dollar’s outperformance in the first quarter of 2025 can extend over the near term, at least according to a Bloomberg analysis of its relationship with other markets.The local currency benefits the most in the region when the Bloomberg Dollar Spot Index weakens and also during times when the euro gains versus the US dollar, as per a Bloomberg analysis of seven variables based on five years of weekly data. This dynamic is currently playing out.The US currency slid in Asian trading on April 3 on worries...

SINGAPORE – The Singapore dollar’s outperformance in the first quarter of 2025 can extend over the near term, at least according to a Bloomberg analysis of its relationship with other markets.The local currency benefits the most in the region when the Bloomberg Dollar Spot Index weakens and also during times when the euro gains versus the US dollar, as per a Bloomberg analysis of seven variables based on five years of weekly data. This dynamic is currently playing out.The US currency slid in Asian trading on April 3 on worries...

The Indian Rupee attracts some sellers in Thursday’s Asian session.  Trump plans to implement a 26% tariff on Indian imports, weighing on the INR.  The US weekly Initial Jobless Claims and ISM Services PMI will be the highlights later on Thursday.  The Indian Rupee (INR) remains under selling pressure on Thursday, pressured by the weakening in Asian equity and currency markets after US President Donald Trump imposed broad-based tariffs. Trump said on Wednesday that he would impose 26% tariffs on imports from India effective from April 9, a component of...

Donald Trump’s Reciprocal Tariff Fear Looms, U.S. Indices Respond With ApprehensionUS President Donald Trump ‘Liberation Day’ announcements have spooked the Asian markets, with Tokyo's Nikkei index and Australian shares opening in the red. The Indian stock market is also expected to give negative reaction, as reflected in Gift Nifty's 1.5 per cent drop. The sweeping Trump tariffs affect all major US trading partners - US President imposing a 34% tax on imports from China and 20% on the European Union, among other nations.In response to Trump's tariff announcements, the Dow...

NEW YORK: The US dollar fell against major currencies such as the euro, yen and sterling on Wednesday, as traders awaited details of US President Donald Trump’s plans for tariffs, which could upend the global trading system and shake financial markets. The euro last bought at $1.0825, up 0.3% against the dollar, while sterling edged up 0.1% to $1.2940 ahead of a White House Rose Garden announcement scheduled for 2000 GMT that will likely see the imposition of steep new duties on US imports. Trump has for weeks trumpeted April...

By Fabiana Negrin Ochoa and Ronnie Harui Asian equities tumbled as markets awoke to see some of their worst fears come true: a slate of sweeping U.S. tariffs that could inflict economic damage and disrupt industries. Indexes in Japan and South Korea followed U.S. stock futures lower at Thursday's open, as investors took in President Trump's announcement of an across-the-board 10% tariff on all imports that kicks in April 5. Countries on the White House's about 60-strong list of "bad actors" on trade will be hit by sharper levies that...

This is CNBC's live blog covering Asia-Pacific markets. Asia-Pacific markets plunged on Thursday, after U.S. President Donald Trump imposed hefty reciprocal tariffs on over 180 countries and territories — several of which are in the region. In charts posted on social media, the White House showed the effective tariff rates they claim other countries impose on American goods, including by "currency manipulation and trade barriers." The White House told CNBC's Eamon Javers on Wednesday that the new reciprocal rate on China will be added to existing tariffs totaling 20%, meaning...

04 Apr 2025, 06:25 AM IST Updates to this LIVE blog have ended 03 Apr 2025, 09:04 PM IST Trump Tariff Announcement LIVE: Dow drops 1,500 amid global market slump Trump Tariff Announcement LIVE: As Donald Trump's tariffs kicked in, the S&P 500 slumped 4 per cent in morning trading – being seen as the worst than the drops for other major stock markets.The Dow Jones Industrial Average was down 1,520 points, or 3.6 per cent, as of 10:10 am Eastern time, and the Nasdaq composite was 4 per cent...