Currencies

Analysts on Tuesday (Mar 11) said uncertainty could weigh on US shares in the near term given the impact of tariffs and earnings outlook, as US markets sold off.Asia could also be hit on a slowdown of investments from the tariffs factor, they said. Markets across the Asia-Pacific also declined on Tuesday.Investors fear the impact of tariffs on the US’ major trading partners, such as China, Canada and Mexico. US President Donald Trump has said that the country’s economy is facing “a period of transition”, as he avoided addressing the...

India has "absolutely no interest" in undermining the US dollar, and its fellow members of the Brics grouping of emerging economies have not formed a unified position on a proposed alternative payment system, according to New Delhi's foreign minister.Speaking at the London-based think tank Chatham House last week during a six-day visit to Britain and Ireland, Subrahmanyam Jaishankar described the dollar as a "source of international economic stability".His comments followed repeated warnings from US President Donald Trump against any efforts by Brics - an acronym of founding nations Brazil, Russia,...

A new chapter has begun in the world of digital currencies! Utkarsh Sinha, India's youngest Web3 entrepreneur, has revealed his face to the public, solidifying his place in the Bitcoin and other digital currency sectors.This dynamic and young founder of KriptoAD, a digital currency marketing agency, drives digital innovation, especially with Bitcoin and other digital currencies.A Journey of Ambition and Strategic VisionUtkarsh Sinha hails from Varanasi, Uttar Pradesh. His journey to becoming India's youngest Web3 entrepreneur is a story of ambition and hard work. At just 16 years old, he...

Singapore shares tumbled in early trade on Tuesday (Mar 11) morning, joining Asia-wide declines as US markets dropped deep into negative territory on fears over tariffs and recession risks.At around 1.02 pm, the Straits Times Index (STI) was down by 2 per cent at 3,822.55. Across the broader market, losers outnumbered gainers 354 to 148 after around one billion securities worth S$1.2 billion changed hands. As at 12.55 pm, local banking stocks were all down. DBS was down 2.9 per cent or S$1.31 at S$44.54 with 6.3 million shares transacted. UOB...

Cardano (ADA) recovers slightly by 4%, trading around $0.70 on Tuesday after falling nearly 7% the previous day. On-chain metrics signal further recovery as ADA’s funding rate turns positive while its bullish bets reach the highest level over a month. Ripple's XRP declined 10% on Monday, trading around $1.96 at press time after odds of its price plunging below $2.00 skyrocketed to 81% on prediction platform Polymarket. Despite the high risk-off sentiment, XRP's 30-day Market Value to Realized Value (MVRV) Ratio indicates prices may have found a bottom. The crypto market continued its...

Fears of a US recession may be exaggerated despite slowing growth, according to Steven Englander, Managing Director & Global Head of G10 FX Research & North American Macro Strategy at Standard Chartered Bank. While concerns persist over high interest rates and government spending, he believes economic data does not fully support a worst-case scenario.“We do think the economy is slowing, but nowhere near the pessimism that's being expressed,” Englander said.Falling energy prices and improving weather conditions could boost consumer spending in the coming months, potentially supporting growth. Englander expects the...

(Bloomberg) -- Thailand’s currency has received a boost this year from a rally in gold prices. But strategists warn that won’t be enough to protect it as tariff risks and interest-rate cuts start to bite. The baht is up around 1.2% against the dollar this year, more than double the gain of a broad gauge of Asian currencies. A key reason is Thailand’s role as a gold-trading hub, which has helped lift the currency as the precious metal hit new highs. The baht has a much closer link with gold...

Gold prices rose in India on Tuesday, according to data compiled by FXStreet. The price for Gold stood at 8,136.41 Indian Rupees (INR) per gram, up compared with the INR -0.03 it cost on Monday. The price for Gold increased to INR 94,901.45 per tola from INR 94,612.61 per tola a day earlier. Unit measure Gold Price in INR 1 Gram 8,136.41 10 Grams 81,347.34 Tola 94,901.45 Troy Ounce 253,060.20   Daily digest market movers: Gold price retreats amid falling US yields The US 10-year Treasury bond yield dropped nearly...

BENGALURU: Emerging Asian stocks were mixed while most currencies declined on Monday as concerns about flip-flopping US tariffs and a slowing US economy weighed on sentiment, with the Philippine peso being the only outlier. Most regional currencies were unable to leverage the softer US dollar, with the Indonesian rupiah depreciating 0.3% while Singapore dollar, Malaysian ringgit and Thai baht trading marginally lower. “The ongoing US trade probe, set to conclude by April 1, may trigger further tariff headlines, adding to FX uncertainty,” Goldman Sachs analysts wrote. Over the weekend, US...

While Africa is home to some powerhouse economies, including South Africa, Nigeria, Ethiopia and Ghana, not all of the continent is so lucky. Many are facing severe economic challenges, ranging from rising inflation and decreased buying power to adverse trade conditions.The tiny island country of São Tomé and Príncipe lies in the Gulf of Guinea, off the western coast of Central Africa. With a population of around 220,400, it is the second-smallest and second-least populous African sovereign state after Seychelles. The country has used the dobra as its currency since...