Currencies

BENGALURU: Asian emerging market equities climbed for a fourth consecutive session on Tuesday as risk sentiment improved after US President Donald Trump hinted he might grant exemptions on auto-related tariffs. Currencies hovered around multi-week highs against the dollar, which held near a two-year low versus a basket of major peers. Meanwhile, an MSCI index tracking emerging market currencies hovered at a seven-session high. Investors took delight in signs of temporary tariff exemptions for certain sectors and hopes that punitive levies could be negotiated down after the last two weeks’ unprecedented...

Vladimir Putin’s capital controls have prevented foreign firms from moving currency out of Russia and bolstered the price of the rouble - Gavriil Grigorov/Sputnik/Pool via Reuters Russia’s rouble has become the world’s best-performing global currency as Donald Trump’s tariff war upends financial markets. The rouble has strengthened 38pc against the dollar since the start of the year, according to data compiled by Bloomberg, following a dramatic fall in confidence in the US currency. Its returns have vastly outpaced the next best performing currencies, the Swedish krona and Swiss franc, which...

Vladimir Putin’s capital controls have prevented foreign firms from moving currency out of Russia and bolstered the price of the rouble - Gavriil Grigorov/Sputnik/Pool via Reuters Russia’s rouble has become the world’s best-performing global currency as Donald Trump’s tariff war upends financial markets. The rouble has strengthened 38pc against the dollar since the start of the year, according to data compiled by Bloomberg, following a dramatic fall in confidence in the US currency. Its returns have vastly outpaced the next best performing currencies, the Swedish krona and Swiss franc, which...

Vladimir Putin’s capital controls have prevented foreign firms from moving currency out of Russia and bolstered the price of the rouble - Gavriil Grigorov/Sputnik/Pool via Reuters Russia’s rouble has become the world’s best-performing global currency as Donald Trump’s tariff war upends financial markets. The rouble has strengthened 38pc against the dollar since the start of the year, according to data compiled by Bloomberg, following a dramatic fall in confidence in the US currency. Its returns have vastly outpaced the next best performing currencies, the Swedish krona and Swiss franc, which...

Vladimir Putin’s capital controls have prevented foreign firms from moving currency out of Russia and bolstered the price of the rouble - Gavriil Grigorov/Sputnik/Pool via Reuters Russia’s rouble has become the world’s best-performing global currency as Donald Trump’s tariff war upends financial markets. The rouble has strengthened 38pc against the dollar since the start of the year, according to data compiled by Bloomberg, following a dramatic fall in confidence in the US currency. Its returns have vastly outpaced the next best performing currencies, the Swedish krona and Swiss franc, which...

Citigroup Inc. (NYSE:C) reported on Tuesday that the first-quarter fiscal 2025 revenue growth was 3% year-over-year and was $21.6 billion, beating the analyst consensus of $21.29 billion. This growth was driven by each of the five interconnected businesses. Excluding divestiture-related impacts in both periods, revenues also went up 3%. The U.S. banking giant reported earnings per share of $1.96, increased from $1.58 a year ago, beating the consensus of $1.84. Also Read: JPMorgan, Wells Fargo, Morgan Stanley, BNY Mellon Will ‘Strike A Cautious Tone': Analysts Net income was $4.1 billion, compared...

The U.S. dollar has been the dominant currency in global trade and finance for more than seven decades. Over that time, little has ever truly threatened its position. Global economic systems operate with significant inertia. Major players, from governments to banks to multinational corporations, prefer tried and tested mechanisms for conducting trade and finance. Breathless headlines frequently declare that countries are seeking alternatives to the dollar, that a new consortium is attempting to create a rival currency, or that the latest political crisis in Washington will finally end the dollar’s...

Stay informed with free updatesSimply sign up to the Currencies myFT Digest -- delivered directly to your inbox.Big investors are more bearish about the prospects for the dollar than at any time in nearly two decades, according to data that underlines the hit to US assets from Donald Trump’s trade war. A net 61 per cent of respondents to Bank of America’s Global Fund Manager Survey expect the dollar to depreciate over the next 12 months, the most since May 2006. The dollar has tumbled 9 per cent this year against...

Amid loss of confidence in the US economy as a result of President Donald Trump’s policies, euro has climbed to a three-year high as the US dollar has fallen 8% since Januaryread moreAs confidence in the US economy falls as a result of President Donald Trump’s policies, euro has emerged as a safe haven that has gained at the cost of US dollar.Even though Trump came to office with the promise of bringing US economy out of the purported yearslong decline, the US dollar’s value has fallen 8 per cent...