Currencies

Cryptocurrency users and owners are a key bloc for Labor, Jonathon Miller from the Australian arm of cryptocurrency exchange Kraken has revealed, with many Aussies turning to the digital currencies in a bid to “get ahead”.Mr Miller, the managing director of Kraken Australia, joined Sky News’ Business Now to reveal the array of Aussies purchasing cryptocurrencies were “not necessarily the ones you would have been certain of” just half a year ago.He said people living in suburbs, “aspirational” Aussies and “battlers looking to get ahead” were those flocking to cryptocurrencies...

Asian stocks battled to hold ground on Tuesday after a furious flight from US assets undermined Wall Street and the dollar, while concerns about the independence of the Federal Reserve piled fresh pressure on Treasuries.Relatively limited losses in Asia did spark talk that funds could be reallocating money to equities in the area, though the impact of tariffs on economic growth remained a major drag.President Donald Trump’s increasingly vocal attacks on Fed Chair Jerome Powell for not cutting interest rates saw Wall Street indexes shed around 2.4 per cent on...

CEO and investor Jack Truong has identified several substantial economic barriers that will prevent the BRICS currency initiative from seriously challenging U.S. dollar dominance in the global financial system. Drawing on his extensive experience transforming companies like 3M, Electrolux, and James Hardie, Truong offers a clear-eyed assessment of the economic realities that will maintain the dollar’s position as the world’s primary reserve currency for the foreseeable future.  The Economic Weight of the Dollar  Jack Truong points to the overwhelming economic dominance of the U.S. dollar in global financial transactions as...

As of April 2025, several African countries have maintained strong currencies against the U.S. dollar, reflecting various degrees of fiscal discipline, monetary policy effectiveness, and economic structure. Currency strength remains one of the key indicators of a country’s economic health and stability. According to the Forbes currency calculator, these are the strongest currencies in Africa Read  also: Top 10 strongest currencies in Africa as of March 2025 1. Tunisia – Tunisian Dinar (TND) Exchange Rate: 2.95 TND per USD Tunisia tops the list once again, with the Tunisian Dinar holding its...

Two men allegedly trying to smuggle foreign currency worth Rs 91 lakh out of the country were arrested at Delhi’s Indira Gandhi International Airport (IGIA), officials said on Tuesday. Based on a tip-off, the two accused were intercepted by officials of the Customs department when they were set to fly to Bangkok on flight SG 87 on April 20 from Terminal 3 of the airport. A thorough search led to the recovery of € 96,000, concealed in their belongings, as per an official statement. The passengers allegedly admitted that they...

NEW YORK — (AP) — U.S. stocks jumped in a widespread rally Tuesday, and other U.S. investments steadied a day after falling sharply on worries about President Donald Trump's trade war and his attacks on the head of the Federal Reserve.The S&P 500 climbed 2.5%. The Dow Jones Industrial Average rose 1,016 points, or 2.7%, and the Nasdaq composite gained 2.7%. All three indexes more than made up their big losses from the start of the week.The value of the U.S. dollar also stabilized after sliding against the euro and...

NEW YORK — (AP) — U.S. stocks are rising Tuesday as companies report fatter profits than expected, and other U.S. investments are also steadying themselves a day after sliding sharply on worries about President Donald Trump's trade war and his attacks on the head of the Federal Reserve.The S&P 500 was 1% higher in early trading and on track to recover more than a third of Monday’s drop. The Dow Jones Industrial Average was up 417 points, or 1.1%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was...

NEW YORK — (AP) — U.S. stocks jumped in a widespread rally Tuesday, and other U.S. investments steadied a day after falling sharply on worries about President Donald Trump's trade war and his attacks on the head of the Federal Reserve.The S&P 500 climbed 2.5%. The Dow Jones Industrial Average rose 1,016 points, or 2.7%, and the Nasdaq composite gained 2.7%. All three indexes more than made up their big losses from the start of the week.The value of the U.S. dollar also stabilized after sliding against the euro and...

KUALA LUMPUR, April 22 — The ringgit retreated versus the US dollar at the close today due to renewed concerns over global economic uncertainties and mixed signals from the United States’ (US) monetary policy front, said an economist.At 6 pm, the local currency dropped to 4.3835/3905 against the greenback, from Monday’s close of 4.3670/3735.Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the ringgit saw some slight correction against the US dollar at RM4.3850 from the previous day’s closing.“The degree of uncertainties remained, but traders may have...

The yen advanced past the psychological level of 140 against the US dollar as investors sought alternatives to the greenback amid increasing risks for US assets. With the independence of the Federal Reserve under threat, heightened unease from tariffs and a looming meeting between the finance chiefs of Japan and the US, the yen broke through resistance to appreciate as much as 0.7 per cent to 139.90 per US dollar. That was its strongest level since September and made it the best performer among Group-of-10 currencies on Tuesday. President Donald Trump’s trade...