Currencies

(Bloomberg) -- Asian currencies ripped higher against the US dollar Monday, extending a move that’s hurting exporters, weighing on equities and forcing central banks to intervene in the market to curb excessive gains. Most Read from Bloomberg Taiwan’s dollar surged the most since 1988, sending the nation’s benchmark stock index to its steepest slide in nearly a month. The offshore yuan climbed to its highest level in almost six months as exporters repatriated dollar earnings. The Hong Kong dollar held at the strong end of its allowed trading band for...

‘SHORT TERM’: The local currency would likely remain strong in the near term, driven by anticipated US trade pressure, capital inflows and expectations of a US Fed rate cut The US dollar is expected to fall below NT$30 in the near term, as traders anticipate increased pressure from Washington for Taiwan to allow the New Taiwan dollar to appreciate, Cathay United Bank (國泰世華銀行) chief economist Lin Chi-chao (林啟超) said.Following a sharp drop in the greenback against the NT dollar on Friday, Lin told the Central News Agency that the local...

United States Dollar to Argentine Peso USD ARS 1 USD 1,175.525235 ARS 5 USD 5,877.626175 ARS 10 USD 11,755.25235 ARS 25 USD 29,388.130875 ARS 50 USD 58,776.26175 ARS 100 USD 117,552.5235 ARS 500 USD 587,762.6175 ARS 1,000 USD 1,175,525.235 ARS 5,000 USD 5,877,626.175000001 ARS 10,000 USD 11,755,252.350000001 ARS 50,000 USD 58,776,261.75 ARS Argentine Peso to United States Dollar ARS USD 1 ARS 0.000850684 USD 5 ARS 0.004253418 USD 10 ARS 0.008506836 USD 25 ARS 0.021267089 USD 50 ARS 0.042534178 USD 100 ARS 0.085068357 USD 500 ARS 0.425341783 USD 1,000 ARS...

Trade is structural and its implications for policy and markets alike are pervasive, especially when deficits have been persistent and accumulating for a long time. Currencies and trade imbalances are linked. This link is even more complex and consequential when the currency is also the global reserve currency, as is the case with the US dollar. Therefore, to understand America’s current position and predicament, and also to understand Trump’s tariff agenda, it is necessary to understand the complexities associated with global reserve currency status, its advantages and disadvantages, and why...

Despite the recovery in reserves, the Indian Rupee remains at or near its all-time low against the US dollar. The RBI continues to intervene in the foreign exchange market by selling dollars to prevent steep depreciation of the currency. India’s foreign exchange reserves increased by USD 1.983 billion to reach USD 688.129 billion during the week ending April 25, according to official data released by the Reserve Bank of India (RBI). This marks the eighth consecutive weekly increase in the reserves. However, the reserves still remain below the all-time high...

Mumbai (Maharashtra) , May 4 (ANI): India’s foreign exchange reserves (Forex) rose by USD 1.983 billion to USD 688.129 billion in the week that ended on April 25, extending gains for the eighth straight week, official data released by the Reserve Bank of India (RBI) this week showed. Despite eight consecutive rises in the Forex the reserve remained below the all time high of USD 704.885 billion which was achieved in the last September previous year. Show Full Article The RBI data shows that foreign currency assets (FCAs) witnessed an...

China's Renmimbi has become world's second most used currency in trade finance Monday, November 2nd 2015 - 09:18 UTC Markets expect RMB’s market share in trade settlement and payments to continue to grow anticipating China will further open up its financial markets. China has entered into more than 30 bilateral currency swap agreements since December 2008. As of May 15, 2015, the total value of effective currency swap agreements was RMB 2.9 trillion (US$ 468 billion). Argentina's central bank reportedly drew upon...

Asian currencies strengthened against the dollar, with the Taiwanese dollar leading the charge. Taiwan's stock benchmark Taiex fell. Australia stocks fell following Prime Minister Anthony Albanese's reelection. India's benchmark Nifty 50 and broader BSE Sensex rose. Japanese, South Korean, Hong Kong and Chinese markets were closed for public holidays. Asia-Pacific currencies appreciated Monday, led by the Taiwanese dollar, as the U.S. dollar weakened. Taiwan's currency continued to strengthen, appreciating 5.77% against the greenback to 3-year highs of 28.93. The offshore Chinese yuan strengthened 0.21% against the dollar to 7.196, hitting its strongest...

HONG KONG :Hong Kong's de-facto central bank said it sold HK$46.54 billion ($6 billion) into the market on Saturday to prevent the local currency from strengthening beyond its official peg to the U.S. dollar, the first such intervention in more than four years. The Hong Kong dollar is pegged to a tight band between 7.75 and 7.85 per U.S. dollar.The Hong Kong Monetary Authority intervened as the Hong Kong dollar touched the strong side of that currency convertibility range. The last time it sold Hong Kong dollars to defend the...

Gold Ounce to United States Dollar XAU USD 1 XAU 3,241.35971 USD 5 XAU 16,206.79855 USD 10 XAU 32,413.5971 USD 25 XAU 81,033.99275 USD 50 XAU 162,067.9855 USD 100 XAU 324,135.971 USD 500 XAU 1,620,679.855 USD 1,000 XAU 3,241,359.71 USD 5,000 XAU 16,206,798.550000001 USD 10,000 XAU 32,413,597.100000001 USD 50,000 XAU 162,067,985.5 USD United States Dollar to Gold Ounce USD XAU 1 USD 0.000308513 XAU 5 USD 0.001542563 XAU 10 USD 0.003085125 XAU 25 USD 0.007712813 XAU 50 USD 0.015425625 XAU 100 USD 0.03085125 XAU 500 USD 0.154256252 XAU 1,000 USD...