Currencies

Asian currencies saw modest gains on Monday as the US dollar retreated ahead of key trade talks between the U.S. and China in London. The US Dollar Index dipped 0.2% during Asian trading hours, reversing some of Friday’s gains driven by strong U.S. jobs data. However, US Dollar Index Futures remained 0.2% higher, reflecting investor caution. The anticipated meeting between U.S. Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, Trade Representative Jamieson Greer, and China’s Vice Premier He Lifeng aims to build on last month’s tentative Geneva truce. Talks are...

Stocks rallied on Monday (Jun 9) on hopes that a fresh round of China-US trade talks later in the day will ease tensions between the economic superpowers, while investors were also cheered by forecast-topping US jobs data. The gains extended a run-up across global markets in recent weeks as fears about US President Donald Trump’s tariff blitz subside and countries make deals with Washington.All eyes are on London, where top officials from China and the United States are due to meet for more negotiations aimed at preserving a fragile truce agreed...

KUALA LUMPUR, June 9 — The ringgit opened lower against the US dollar today as the greenback strengthened amid renewed volatility from a challenging global economy outlook for the second half of 2025.At 8.03am, the local note stood at 4.2375/2560 against the greenback, easing from Friday’s close of 4.2270/2360.Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the ringgit is expected to range between 4.23 and 4.24 today, following the stronger-than-expected United States (US) nonfarm payroll (NFP) data for May.He highlighted that the US NFP rose 139,000...

Stay informed with free updatesSimply sign up to the Currencies myFT Digest -- delivered directly to your inbox.For the past month or more, overnight interest rates in Hong Kong have been stuck just above zero per cent. Since everyone got used to ultra-low interest rates during the last couple of decades, it may not be immediately obvious how bizarre, unexpected and potentially alarming that situation is — or how it illustrates everything from the dwindling appetite of Asian investors for US assets, to a modest revival of Hong Kong’s capital...

After the Open Beta came to an end, the world of portals and fast-paced gameplay that is Splitgate 2 officially stormed on to all platforms on June 6, 2025. At the same time, a battle royale mode launched with a huge map made up of five unique biomes. Whether you’re making purchases or upgrading your gear, you’ll want to familiarise yourself with the role that currency plays in Splitgate 2. Splitgate 2’s in-game currency is made up of Splitcoin, Proelium, and blue battle pass tokens. Having three currencies may not seem like...

US equity markets made solid gains into the end of last week supported by labour market data and further signs of easing US-China trade tensions. The S&P closed 1% higher and reached the psychological 6,000 level for the first time since February, as steady employment growth helped ease concerns about an imminent slowdown. In Europe, the Euro Stoxx index made modest gains. Treasury yields closed higher, and the US dollar gained against G10 currencies. Brent crude traded above US$66 per barrel and is back at the top end of the...

Coimbatore: The Karumathampatti police on Sunday arrested a 30-year-old daily wage labourer man from Dharmapuri district for possession of fake currency notes.Police identified the accused as M Elavarasan, 30, from Indira Nagar near Krishna Puram in Dharmapuri district. Elavarasan and his four accomplices approached A Muthukumar, 33, a car driver from Ayyampalayam near Samalapuram in Tirupur district, with a promise to give Rs 2 lakh in return for Rs 50,000 investment. However, Muthukumar grew suspicious and informed the Karumathampatti police, who arrested Elavarasan.Police seized a car and 13 bundles of...

New Delhi: The Special Cell team of Delhi Police has busted an international racket involved in the supply of high-quality fake Indian currency notes of Rs 500. The police have arrested a key member of the cartel and recovered fake currency notes worth Rs 4 lakh in the denomination of Rs 500. The police have seized the recovered fake notes and are interrogating the accused to ascertain the truth about other members of the gang.  According to the police, the 22-year-old accused, identified as Naushad Alam, is a resident of...

New Delhi, Jun 7 (PTI) The Delhi Police has arrested a key member of an interstate Fake Indian Currency Note (FICN) syndicate and recovered counterfeit currency worth Rs 4 lakh from his possession, an official said on Saturday. The accused, identified as Naushad Alam (22), was apprehended near Vijay Ghat Bus Stand on May 8 while allegedly attempting to deliver a major FICN consignment, he said. A police team had been working on FICN-related intelligence for the past four months. During this period, credible inputs were received regarding the activities...

India’s foreign exchange (forex) reserves stood at $691.5 billion, as of May 30, and are sufficient to fund more than 11 months of goods imports and about 96 per cent of external debt outstanding, RBI Governor Sanjay Malhotra said on Friday.For the week ended May 30, the reserves dropped by $1.2 billion to break an 8-week rising trend. India’s foreign exchange reserves had recorded a robust increase of $6.99 billion to $692.72 billion in the preceding week ended May 23.Changes in foreign currency assets, expressed in dollar terms, include the...