Currencies

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...

shana espinoza/Shutterstock Suitcases of forged banknotes aren't just the stuff of heist movies and spy novels. Banks and governments around the globe are constantly working to prevent fraudsters from introducing fake cash into circulation – and some countries are more successful in their efforts than others. Nations typically use parts per million (ppm), a metric borrowed from chemistry, to monitor counterfeit currency. They give a score by measuring the number of fake banknotes found in circulation for every one million genuine notes. Most nations aim to stay below the 15 ppm mark, though quite a few have seen...

Japan has denied an accusation by US President Donald Trump that it is manipulating the yen to benefit local manufacturers after the American leader suggested he is planning to impose retaliatory tariffs if his demands are not met.Speaking to reporters in the White House on Monday night, Trump singled out Japan and China for criticism.“Whether it is Japan or China, the weak currency against the dollar puts us at a great disadvantage,” Trump said. “It is hard for Caterpillar to make tractors when Japan and China are devaluing their currencies.“I...

TEMPO.CO, Jakarta - Despite being recognized as the world’s reserve currency, the U.S. dollar is not among the most powerful on the global scale. Various factors, including inflation, interest rates, and supply, play pivotal roles in determining the values of currencies. These strongest currencies in the world are widely acknowledged for their exceptional purchasing power, reinforcing their substantial value amid the ever-shifting global economic landscape.5 Strongest Currencies in the World Wise and Investopedia named Kuwaiti Dinar as the strongest currency in the world alongside a number of other Middle Eastern countries’ currencies. Read...

Japan was also in the firing line on Monday.The US president accused the country of currency manipulation, and hinted he might respond with tariffs. Trump said other countries are deliberately pushing down the value of their currencies to give their economies a competitive advantage. He singled out Japan and China. Trump said he had phoned Chinese President Xi Jinping and Japanese leaders. He said he told them that they can't continue to devalue their currencies against the dollar because it's unfair to the US. Trump said the easy solution for...