Currencies

Asian currencies rose on Thursday, driven by a weaker U.S. dollar after President Donald Trump adopted a softer tone on trade and affirmed progress with China. The South Korean won and Japanese yen led gains as investor sentiment improved slightly amid easing tensions. The U.S. Dollar Index slipped 0.3% in Asian trading, hitting its lowest in over six weeks, while futures also fell 0.3%. The decline followed lower-than-expected U.S. consumer inflation data, fueling expectations of potential Federal Reserve interest rate cuts later this year. Trump stated on Wednesday that a...

Cryptocurrencies, Casinos, and Cachet: Once A Concept, Now A Common Currency, It’s A Digital Payment Future Thursday, June 12th 2025 - 05:35 UTC Full article Photo: Pixabay It may seem like a long time ago, but it was really only back in 2009 that the world was first made aware of the concept of cryptocurrencies. At that time, there was but one - the one that is still perhaps the best-known and most widely used. I am, of course, referring to Bitcoin. Today, however, there...

Litecoin (LTC) is showing signs of weakness on Thursday as it fails to break above its key resistance level. The price action emerges as a classic dead-cat bounce pattern, which favors bears. The technical outlook suggests that sidelined traders looking to short LTC could consider entry points between $93 and $95 in anticipation of the price resuming its downtrend. Additionally, the bearish sentiment is building among traders, with short positions in the derivatives market reaching their highest point in over a month. Ethereum (ETH) briefly moved above $2,850 on Wednesday...

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Donald Trump spent time on the campaign trail advocating a weaker dollar, imagining this would be the key to unlocking a great renaissance in American manufacturing.We should give the man his due. Few thought it was possible to pull the world’s most important currency lower, pointing to the US’s long-running dominance over the global economy and markets. And yet through the magic of radical uncertainty and the erosion of America’s foundational values...

SYDNEY – Inflation is easing across Asia as lower food and fuel prices and stronger local currencies against the US dollar push down costs. That is giving the region’s central bank chiefs scope to support their trade-reliant economies as the risk of US tariffs and related uncertainty weigh on the outlook. Consumer price indexes have moderated across most of the economies in the region that have already reported data for May. In April, regional consumer prices on a simple average basis excluding Japan slowed to about 1.5 per cent, the...

June 12 (Reuters) - The following table shows rates for Asian currencies against the dollar at 0201 GMT. CURRENCIES VS U.S. DOLLAR Currency Latest bid Previou Pct s day Move Japan yen 144.000 144.54 +0.37 Sing dlr 1.283 1.2839 +0.08 Taiwan dlr 29.785 29.92 +0.45 Korean won 1369.600 1370.9 +0.09 Baht 32.475 32.56 +0.26 Rupiah 16240.000 16250 +0.06 Rupee 85.510 85.51 0.00 Ringgit 4.228 4.235 +0.17 Yuan 7.187 7.189 +0.03 Change so far in 2025 Currency Latest bid End Pct 2024 Move Japan yen 144.000 157.180 +9.15 Sing dlr 1.283...

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