Currencies

Mumbai: Non-bank lenders and companies could spend less on foreign-currency loans as the Reserve Bank of India's (RBI) $15-billion dollar-rupee swaps, aimed at boosting domestic liquidity, have also helped reduce the benchmark rate used to price currency risks in the country. The Mumbai Interbank Forward Offer Rate (MIFOR), which gauges currency risk when Indian companies bring dollar funds into India, has fallen over the past month after the RBI bought dollars from banks with an agreement to sell them back three years later, indicating the central bank is ready to...

US President Donald Trump’s latest accusation of China’s trade advantage via yuan depreciation suggests his sights are set on reducing the US trade deficit, according to analysts who also noted that a priority of China’s central bank is stabilising the currency against the backdrop of a strong dollar and mounting tariff risks.They contended that Trump’s warning on Monday – that China and Japan “can’t continue to reduce” their currencies because it is “unfair” to the US – clashes with Beijing’s actual efforts to prevent a sharp yuan depreciation. Japan also...

Economic uncertainty across the globe has led to fluctuations in the currency markets, and there is still no clear understanding among analysts regarding which currencies are likely to become stable haven assets. Recent events, including the US tariff wars with Canada, Mexico, and China, the pause in American military aid to Ukraine, and changing global defense spending priorities, have only made the situation worse, as per CNBC. These factors are being watched very closely by market participants to see how they will impact foreign exchange rates in the coming months.British...

Alden Bentley, Harry Robertson and Ankur Banerjee  |  ReutersTrump doubles tariffs on China; China retaliates with tariffs on US goodsUnited States President Donald Trump doubled the tariff on Chinese imports, bringing that rate to 20%. China retaliated by announcing 15% tariffs on various imports from the US.Fox - SeattleThe dollar fell to a three-month low on Tuesday as concerns about slowing growth and the impact from tariffs on the U.S. economy outweighed any potential boost from new levies on Canada, China and Mexico.President Donald Trump's 25% tariffs on goods from Canada and Mexico took effect Tuesday, along with a doubling of duties on Chinese goods to 20%.In response, China said it will...

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Investors are starting to imagine a financial system without the US at its centre, handing Europe an opportunity that it simply must not miss.This exercise in thinking the unthinkable comes despite a cacophony of noise in markets. Mansoor Mohi-uddin, chief economist at Bank of Singapore, recently travelled to clients in Dubai and London. To his surprise, not one of them asked him about short-term issues like tech stocks or tweaks to interest...

Comparatively muted currency moves suggest traders are betting President Trump’s hefty tariffs on goods from Canada and Mexico will be short-lived, says MUFG, a Japanese bank.Selloffs in the Canadian dollar and Mexican peso "have been relatively modest considering the scale of the tariffs that have been put in place," wrote MUFG's Lee Hardman."The price action suggests that market participants remain hopeful that the tariff hikes won’t remain in place for long helping to limit trade and economic disruption."More persistent tariff hikes could push down both currencies by 5 to 10%,...

Comparatively muted currency moves suggest traders are betting President Trump’s hefty tariffs on goods from Canada and Mexico will be short-lived, says MUFG, a Japanese bank.Selloffs in the Canadian dollar and Mexican peso "have been relatively modest considering the scale of the tariffs that have been put in place," said MUFG's Lee Hardman."The price action suggests that market participants remain hopeful that the tariff hikes won’t remain in place for long helping to limit trade and economic disruption."More persistent tariff hikes could push down both currencies by 5% to 10%,...

The Mexican peso slumped after U.S. President Donald Trump imposed new import tariffs against the country, though other developing-nation currencies held their own amid concerns about the impact of the escalating trade war on growth in the world’s largest economy. The peso fell as much as 1% against the dollar, extending its decline to a fourth day and hitting the weakest level in a month after the 25% duties came into effect, together with levies on Canada and China. Investors are awaiting Mexico’s response, with President Claudia Sheinbaum expected to...

TEMPO.CO, Jakarta - Tempo English compiled the top 3 news on Tuesday, March 4, 2025. Here are the highlights: 10 Weakest Currencies in the World 2025, Is Rupiah Indonesia on the List?; Shell Becomes Sought After Following Pertamina's Adulterated Fuel Scandal; and Here Are 8 Pertamina Directors Caught in Corruption Cases.The following is the list of the top 3 news on Tempo English today:1. 10 Weakest Currencies in the World 2025, Is Rupiah Indonesia on the List?When it comes to currency, the focus often revolves around its strength—the higher the value, the more buying power it holds. However,...

By Olivier Fines Concerns are rising about the sustainability of U.S. government debt and spending Expectations are high for the dollar to lose its leading reserve currency status in the next five to 15 years. For decades, the U.S. dollar has enjoyed a unique status as the world's dominant reserve currency, granting the United States significant financial advantages. Yet without credible progress to address the U.S. federal budget deficit beyond statements of intention, concerns are rising about the sustainability of U.S. public finances and the dollar's (DX00) future as the...