Currencies

Gold prices rose in India on Monday, according to data compiled by FXStreet. The price for Gold stood at 8,824.17 Indian Rupees (INR) per gram, up compared with the INR 8,784.65 it cost on Friday. The price for Gold increased to INR 102,923.40 per tola from INR 102,462.40 per tola on friday. Unit measure Gold Price in INR 1 Gram 8,824.17 10 Grams 88,241.72 Tola 102,923.40 Troy Ounce 274,462.60   Daily Digest Market Movers: Gold price attracts some safe-haven flows amid rising geopolitical tensions In an interview broadcast on Sunday,...

Asian currencies turbocharged by dollar weakness are attaining rarely seen superlatives and triggering central bank intervention to curb excessive gains.The Hong Kong Monetary Authority on Friday sold a record amount of local dollars to prevent its advance and protect the currency’s 42-year-old peg to the greenback. Taiwan’s central bank also intervened as its currency soared the most since 1988. The offshore yuan rallied to its strongest since November.The volatility shows how an exodus from the world’s reserve currency can ripple through financial markets, as President Donald Trump’s shifting tariff policies...

HONG KONG – Asian currencies turbocharged by US dollar weakness are triggering central bank intervention to curb excessive gains.The Hong Kong Monetary Authority on May 2 sold a record amount of local dollars to prevent its advance and protect the currency’s 42-year-old peg to the greenback. Taiwan’s central bank also intervened as its currency soared the most since 1988. The offshore yuan rallied to its strongest since November.The volatility shows how an exodus from the world’s reserve currency can ripple through financial markets, as President Donald Trump’s shifting tariff policies...

This content was published on May 5, 2025 - 09:24 (Bloomberg) — The dollar weakened and US equity-index futures dropped, threatening to end the S&P 500 Index’s longest winning streak in two decades, as uncertainty about US trade policy hung over markets. Crude oil slumped after OPEC+’s latest supply increase.A gauge of the greenback declined for a second day and contracts for the S&P 500 retreated 0.7% after President Donald Trump said he had no plans to talk to his Chinese counterpart this week, though he signaled trade deals with...

This content was published on May 5, 2025 - 16:37 (Bloomberg) — A historic stock-market run came to a halt as President Donald Trump’s latest tariff remarks provided little relief to investors bracing for the impacts of his trade war on the economy and corporate earnings.Not even data showing a pick-up in growth at US service providers was able to buoy sentiment, with the S&P 500 halting its longest advance in about 20 years. While Trump suggested some trade deals could come as soon as this week, he signaled no...

This content was published on May 5, 2025 - 17:24 (Bloomberg) — A historic stock-market run came to a halt as President Donald Trump’s latest tariff remarks provided little relief to investors bracing for the impacts of his trade war on the economy and corporate earnings.Not even data showing a pick-up in growth at US service providers was able to erase equity losses, with the S&P 500 set to halt its longest rally in about 20 years. While Trump suggested some trade deals could come as soon as this week,...

This content was published on May 5, 2025 - 19:18 (Bloomberg) — Another report showing the US economy entered the trade war on solid footing pushed stocks away from session lows, while bond yields rose amid speculation the Federal Reserve will stay on hold this week.A rebound in industrial shares helped the S&P 500 erase most of a slide that earlier approached 1%. Data showing a pick-up in growth at US service providers helped assuage concerns of a recession even as the outcome of President Donald Trump’s trade war has...

This content was published on May 5, 2025 - 20:16 (Bloomberg) — Another report showing the US economy entered the trade war on solid footing pushed stocks away from session lows, while President Donald Trump suggested that his administration could strike trade deals with some countries as soon as this week.A rebound in industrial shares helped the S&P 500 erase most of a slide that earlier approached 1%. Data showing a pick-up in growth at US service providers helped assuage concerns of a recession even as the outcome of the...

Asian currencies turbocharged by US dollar weakness are attaining rarely seen superlatives and triggering central bank intervention to curb excessive gains.The Hong Kong Monetary Authority on Friday (May 2) sold a record amount of local dollars to prevent its advance and protect the currency’s 42-year-old peg to the greenback. Taiwan’s central bank also intervened as its currency soared the most since 1988. The offshore yuan rallied to its strongest since November. The volatility shows how an exodus from the world’s reserve currency can ripple through financial markets, as US President Donald...

(Bloomberg) -- Asian currencies ripped higher against the US dollar Monday, extending a move that’s hurting exporters, weighing on equities and forcing central banks to intervene in the market to curb excessive gains. Most Read from Bloomberg Taiwan’s dollar surged the most since 1988, sending the nation’s benchmark stock index to its steepest slide in nearly a month. The offshore yuan climbed to its highest level in almost six months as exporters repatriated dollar earnings. The Hong Kong dollar held at the strong end of its allowed trading band for...