Currencies

The euro is the world’s second most-used currency, accounting for 20% of global foreign exchange reserves, compared with 58% for the US dollar.Harbour Asset Management fixed income and currency strategist, Hamish Pepper, said the greenback was losing favour, but only at the margin.“The set-up to this weakness in the US dollar was one where pretty much everybody acknowledged that it was an expensive, or overvalued, currency,” Pepper said.AdvertisementAdvertise with NZME.“It’s been supported by this exceptional US economy, so that was the story.“All of a sudden we’ve had a couple of...

Asian currencies traded mostly flat on Wednesday as investors remained risk-averse amid the ongoing Israel-Iran war and uncertainty ahead of the U.S. Federal Reserve’s policy decision. The dollar edged slightly lower, pressured by weak U.S. economic data, while traders anticipated dovish signals from the Fed. The South Korean won and Taiwan dollar were notable outperformers. The USD/KRW dropped 0.6%, nearing an eight-month low, while the USD/TWD fell 0.4%. The Chinese yuan (USD/CNY) and Singapore dollar (USD/SGD) held steady, while the Australian dollar (AUD/USD) rose 0.2%. India’s rupee (USD/INR) also remained...

June 18 (Reuters) - The following table shows rates for Asian currencies against the dollar at 0209 GMT. CURRENCIES VS U.S. DOLLAR Currency Latest bid Previous Pct day Move Japan yen 145.190 145.25 +0.04 Sing dlr 1.285 1.2857 +0.05 Taiwan dlr 29.530 29.535 +0.02 Korean won 1372.400 1374 +0.12 Baht 32.608 32.56 -0.15 Peso 56.776 56.256 -0.92 Rupiah 16315.000 16275 -0.25 Rupee 86.240 86.24 +0.00 Ringgit 4.245 4.243 -0.05 Yuan 7.187 7.1874 +0.01 Change so far in 2025 Currency Latest bid End 2024 Pct Move Japan yen 145.190 157.180 +8.26...

Share this article A decade ago, “money” likely meant whatever sat in your wallet or bank account. Today, it might also include a token in a cryptocurrency wallet, a balance in a fintech app, or a line of code in a smart contract. The definition of currency is expanding rapidly, driven not by central banks, but by technology.This shift isn’t just moving from cash to digital. It’s reimagining trust, value assignment, and control of exchange systems. In this landscape, traditional fiat currencies and decentralized digital assets coexist and sometimes collide.The...

The currencies of several major Asian oil importers are ripe for depreciation with the spike in international crude oil prices, analysts at Barclays said on Tuesday. The surge in oil prices in recent days “implies risks for most Asian FX in the near term, especially if oil prices move even higher in the event of a potential escalation in the conflict,” Barclays’ analysts wrote in a note to clients carried by Bloomberg. Thailand’s baht, the Taiwanese dollar, and the Korean won are the Asian currencies most at risk of depreciation, according to...

Analysts at JPMorgan Chase are reportedly doubling down on emerging market currencies as the US dollar struggles its way through 2025. In an analysis published last week, the financial giant’s strategists gave emerging market currencies an overweight recommendation and predicted the market wouldn’t panic over the Israel/Iran conflict, Bloomberg reports. “The next few days will be critical to this, but we would think there is a higher bar for markets to panic.” The recommendation is the opposite of what the investment bank’s strategists predicted earlier this year. Following President Donald...

In our ever more globalized society, we have technology to thank for the unprecedented connectivity we enjoy, both in our ability to fly or sail practically anywhere and have face-to-face video chats from halfway around the globe. It’s easy to forget that the turn-by-turn directions we use on our phones or locations we tag on social media are all built upon time-honored analog maps that have been used for centuries. And forget virtual credit cards—remember good old fashioned cash? For South African artist Faith XLVII (previously), cartography, money, and national...

The dollar index, which measures the strength of the dollar against a basket of six currencies, fell 0.20 per cent to 97.98. The Iran-Israel war has become the centre of attention of the world currently because of which the prices of crude oil and gold ae increasing tremendously. Amid this, a new war has started in Asia once again. This is the currency war. India's currency rupee gained after falling against the US dollar on Monday.  With the ongoing conflict, prices of crude oil and gold are set to...

The dollar index, which measures the strength of the dollar against a basket of six currencies, fell 0.20 per cent to 97.98. The Iran-Israel war has become the centre of attention of the world currently because of which the prices of crude oil and gold ae increasing tremendously. Amid this, a new war has started in Asia once again. This is the currency war. India's currency rupee gained after falling against the US dollar on Monday.  With the ongoing conflict, prices of crude oil and gold are set to...

A recent surge in global oil prices, driven by geopolitical tensions in the Middle East, has increased pressure on Asian currencies, with analysts warning of heightened downside risks for the Thai baht, Korean won, and Taiwan dollar. According to a note by Barclays Plc, the upward momentum in oil is beginning to weigh heavily on the region’s largely oil-importing economies.In a report released Tuesday, Barclays’ Fixed Income, Currencies and Commodities (FICC) Research team said that a sharp escalation in the Israel-Iran conflict could worsen the outlook further. Barclays flags downside...