Currencies

MELBOURNE – The Indonesian rupiah declined to its weakest level since the Asian financial crisis as fears mounted over the nation’s fiscal trajectory, putting pressure on the central bank to step up efforts to defend the currency. The rupiah fell 0.5 per cent to 16,641 against the US dollar on March 25, its weakest since June 1998. The currency has slumped more than 3 per cent in 2025, making it one of the worst performers in emerging markets.The rupiah has also slumped against the Singapore currency, down about 6 per...

Shark Tank investor Kevin O'Leary shared an Instagram clip on March 23, 2025, revealing a game-changing move related to the crypto industry. This would benefit entrepreneurs and investors looking forward to getting the latest updates related to digital currencies. Kevin O'Leary stated that after waiting for seven years, the crypto industry has gotten "the Stablecoin Act." He referred to that as a "first step" towards a series of "legislative" moves and how it would drastically change the working of digital payments. Shark Tank mentor captioned the video clip with: "Finally,...

The chance to convert into valuable currency in Honkai Star Rail is vanishing soon. If you don’t act fast, you’ll miss out. Honkai Star Rail runs on a maze of currencies. Stellar Jade fuels gacha pulls. Credits handle upgrades. Passes open banners. Some currencies are forever, others are here today, gone tomorrow. The trick is knowing which ones to hoard and which ones to spend before they disappear. One particularly useful item is on its way out as soon as each month turns. If you don’t convert it before March...

(Bloomberg) -- Emerging-market equities and currencies snapped three days of declines on Monday as President Donald Trump signaled certain nations will receive breaks from next week’s reciprocal tariffs, boosting risk appetite across the region. Most Read from Bloomberg The MSCI emerging-market equity index rose 0.4%, driven by gains in Hong Kong-traded technology bluechips. Developing-world currencies, meanwhile, traded mixed, with the broad gauge up less than 0.1%. The Mexican peso led gains amid easing tariff pressures from the world’s largest economy. Trump’s upcoming tariff announcement on April 2 is poised to...

The global economy is inexorably moving towards a multicurrency system as China’s persistent efforts to internationalise the yuan and technological changes erode the US dollar’s dominant position, economists said at a conference on Monday.“Trade invoicing in yuan went from zero per cent to 30 per cent in the last 10 years, and half of Chinese capital flows are now in yuan, much higher than before,” said Jin Keyu, a professor at the London School of Economics, at a panel hosted by the Milken Institute, a US-based think tank.“The truth is...

Here is what you need to know on Monday, March 24: After outperforming its rivals for three consecutive days, the US Dollar (USD) struggles to find demand at the beginning of the week. Later in the day, S&P Global will publish preliminary Manufacturing and Services Purchasing Managers Index (PMI) data for Germany, the Eurozone, the UK and the US.  US Dollar PRICE Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the weakest against the Australian Dollar.   USD...

Avalanche (AVAX) price extends its gains by 7%, trading above $21 on Monday after rallying almost 9% the previous week. On-chain metrics suggest a bullish outlook as AVAX’s long-to-short ratio reached its highest in over a month. The technical analysis and funding rates data suggest a rally continuation, targeting 20% additional gains. Bitcoin (BTC) hovers around $85,600 on Monday after recovering 4.25% last week. Ethereum (ETH) and Ripple (XRP) also followed in BTC’s footsteps, hovering around their key levels after recovering almost 7% each the previous week.  Ethereum (ETH) trades above $1,900 on Friday following investors stepping...

 Asian markets swung on Monday as the White House prepares to impose tariffs on key trading partners next week that many fear could deal a painful blow to the global economy.A report saying US President Donald Trump was considering a more targeted approach to the levies, which are expected to kick in on April 2, did little to soothe investors’ nerves, with the uncertainty dealing a blow to confidence.The US leader has sent shivers through markets since resuming power in January by hitting out at long-standing allies and imposing or...

The Indian Rupee gains ground in Monday’s Asian session.  Fresh foreign and USD inflows support the INR.  The preliminary readings of the India HSBC PMI and US S&P Global PMI reports will be the highlights later on Monday. The Indian Rupee (INR) trades stronger on Monday after closing its strongest in over two months. Positive domestic equities and fresh foreign fund inflows could provide some support to the Indian currency. Additionally, the US Dollar (USD) inflows help mitigate the impact of the decline in Asian peers. Nonetheless, a rebound in Crude...

Mumbai: Some of the large banks are blocking plans of Indian promoters to form investment companies abroad.The banks fear such offshore entities are intended to sidestep the curbs on foreign currency remittance and undertake activities which are against the spirit of overseas investment regulations.At least two leading private sector banks have stalled overseas direct investment (ODI) proposals by Indian entities to set up overseas non-banking finance companies (NBFCs), two persons familiar with the discussions with the banks told ET.According to the overseas investment rules, that were framed by the government...