Currencies

What will Trump do next? Here are three scenariospublished at 10:21 British Summer Time10:21 BSTImage source, ReutersHope for a favourable ruling from a higher courtTrump looks set to appeal the ruling through the courts, a route which will see the government first take the case to the US Court of Appeals for the Federal Circuit in Washington, DC. It could ultimately go to the US Supreme Court, which is already considering other cases about the scope of presidential power.Shift the legal basis for reciprocal tariffsThe tariffs court ruling said Trump...

Mumbai, May 29 (PTI) The expenditure incurred on security printing during 2024-25 increased by nearly 25 per cent to Rs 6,372.8 crore as against Rs 5,101.4 crore in the previous year mainly due to increase in indent for printing of banknotes, according to the RBI’s annual report released on Thursday. The value and volume of banknotes in circulation increased by 6 per cent and 5.6 per cent, respectively, during 2024-25. “During 2024-25, the share of Rs 500 banknotes at 86 per cent, declined marginally in value terms,” said the RBI’s...

Here is what you need to know on Thursday, May 29:Markets turn risk-positive in the second half of the week as fears over an economic downturn in the United States (US) ease following a federal court's decision to block US President Donald Trump's 'Liberation Day' tariffs. The US Bureau of Economic Analysis will release its second estimate of the Gross Domestic Product (GDP) growth for the first quarter on Thursday. The US economic calendar will also feature weekly Initial Jobless Claims and April Pending Home Sales data. US Dollar PRICE...

Nigeria’s naira and the Ghanaian cedi are among the African currencies that are expected to witness a decline this year driven by a potential fall in export earnings, African Development Bank (AfDB) said in its 2025 economic outlook. The Abidjan-based lender revealed that 21 of the 54 African nations are likely to see their currencies fall in 2025 while 25 could see some gains as the global uncertainty leaves the financial markets volatile. “Several countries—Egypt, Ethiopia, Ghana, Libya, Nigeria, Rwanda, Zambia, and Zimbabwe—are expected to experience currency depreciations of 6...

The US Dollar Index continues to advance as a federal court blocked Trump’s "Liberation Day" tariffs from taking effect.US Gross Domestic Product Annualized is expected to fall again by 0.3% in the first quarter.FOMC Meeting Minutes indicated that Fed officials broadly agreed that heightened economic uncertainty warranted a cautious approach to adjusting rates.The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its gains for the third successive day and trading more than 0.50% higher around 100.30 during the Asian...

MUMBAI: The Indian rupee is set to open weaker on Thursday, weighed by the dollar’s strength after a U.S. court blocked President Donald Trump’s tariffs. The 1-month non-deliverable forward indicated the local currency would open in the 85.48-85.52 range, compared to a close of 85.36 in the previous session. “When you think about it, it’s a bit counterintuitive that Asia is lower on the back of the U.S. court blocking tariffs,” a currency trader at a Mumbai-based bank said. “However, that’s been the pattern — tariffs imply weaker U.S. growth...

U.S. stock futures saw a boost while the dollar surged against traditional safe-haven currencies like the yen and Swiss franc after a federal court halted President Trump's proposed tariffs. The Trump administration is expected to make an appeal.The S&P 500 E-mini futures advanced by 1.5%, and the U.S. dollar gained 0.7% against the yen. According to Matt Simpson, senior market analyst at City Index, the involvement of the Supreme Court is likely, casting today's ruling as a temporary stop rather than a definitive conclusion. Investors, meanwhile, are relieved by...

Imagine someone who found secondary-school maths difficult being grilled about logarithms. That is how a lot of equity investors look if you ask them about currency risk. It is not because the question is novel: any client can spot that the share price of an overseas firm, or one doing business across borders, ought to depend on foreign-exchange (FX) rates. It is because it is easy to pose, but maddeningly hard to answer. Forecasting earnings is already a pain. It becomes much worse when the task is to make forecasts...

Go beyond buy-and-sell with the tightest and most stable spreads on gold*. Gold has been an omnipresent asset in central banks’ reserves for centuries. Its physical stability has contributed significantly to the precious metal’s appeal, which has surpassed the test of time. Unlike other metals, it doesn’t corrode, which makes it future-proof. In the trading and investment space, gold’s stability translates into safe-haven behavior, meaning its price holds even when other asset classes like stocks, bonds, or currencies depreciate. In times of uncertainty and high inflation, gold makes a good...

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The writer is the co-founder of Ethereum and chief executive and founder of Consensys, a blockchain software companyThe modern financial system is undergoing a foundational stress test. Decades of globalisation combined with increasingly fragile institutions have given way to a period of volatility marked by inflation shocks, debt overhangs and declining confidence in centralised authorities. Cross-border payments remain inefficient, sovereign currencies face growing scrutiny, and trust — long held together by central...