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(Photo: Reuters) SINGAPORE - A wave of dollar selling in Asia is an ominous sign for the greenback as the world’s export powerhouse starts to question a decades-long trend of investing its big trade surpluses in US assets.Ripples from a record rally in the Taiwan dollar on Friday and Monday are now spreading outward, driving surges for currencies in Singapore, South Korea, Malaysia, China and Hong Kong. The Thai baht has also been on the rise, trading around 32.62 to the dollar on Tuesday, compared with 34.88 baht a month...

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...

More on: Asia Program Asia Tariffs On U.S. President Donald Trump’s much-touted April 2nd “Liberation Day,” he unveiled a range of potentially debilitating reciprocal tariffs on the United States’ major trading partners—and most other countries as well. Surprisingly, some of the countries hit with the highest tariffs were U.S. partners in Asia and the Pacific, like Vietnam, South Korea, and Japan. Trump even imposed tariffs on Australia, a critical security ally, despite the fact that the United States has a trade surplus with Australia. Trump paused, for 90 days, many...

US President Donald Trump has touted an increase in new investments coming into the country at an event with some of the world's business leaders. More than 20 CEOs from major companies planning to invest took part in the event at the White House on Wednesday. Trump said, "The companies represented in this room have collectively announced more than 2 trillion dollars in new investments." He also said, "Every new investment, every new factory and every new job created, is a sign of strength in American economy and a declaration...

MUMBAI, April 30 (Reuters) - The Indian rupee, on Wednesday, rose to its highest level this year on the back of likely inflows into equities, a pickup in hedging-related dollar sales from local exporters and cutting of bearish positions on the local currency.The rupee rose 0.5% to a high of 84.78 per dollar, tracking gains in Asian currencies, which were up by as much as 0.8% on the day. Sign up here.Optimism surrounding a potential trade deal between India and the U.S. has also aided the rupee.U.S. President Donald Trump...

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Federal Reserve chair Jerome Powell warned on Wednesday that persistent trade tensions could complicate the central bank’s objectives of controlling inflation and sustaining employment, prompting a risk-off mood in the US market. “Asian markets saw a slight uptick, while the yen weakened as investors responded positively to the initial round of trade talks between the US and Japan,” said TickMill market strategy partner Patrick Munnelly. “Japanese stocks posted modest gains after President Donald Trump announced significant progress in discussions aimed at preventing higher tariffs on Japan. “The yen depreciated following...

BOSTON, April 15, 2025 /PRNewswire/ -- oneZero, a global leader in multi-asset enterprise trading technology solutions, is proud to announce that it has been named Best FX Market Data and Analytics Provider for Asia Currencies in the FX Markets Asia Awards 2025. This prestigious recognition honors oneZero's continued investment in cutting-edge analytics and market data capabilities tailored to meet the demands of Asia-Pacific FX participants. oneZero's FX market data and analytics services are at the heart of its technology solution differentiation in Asia. Over the past 12 months, oneZero has...

US and Russian officials have met in Turkey to discuss ways of normalizing the operations of their countries' embassies. Russia's state-run Tass news agency says the US and Russian diplomats held talks for five and a half hours at the Russian Consulate General in Istanbul on Thursday. The officials reportedly agreed to make it easier for diplomats to travel and receive visas. The agency also says the two sides discussed the need to resume direct air service between the countries. The Russian side is said to have mentioned that it...

Stock markets are extending a brutal selloff as Trump's trade tariffs spark investor fears.Asian markets are suffering due to concerns over tariffs hitting earnings and economies.Commodities are falling amid recession fears while the Japanese yen has risen as a haven currency.A brutal stock market selloff intensified on Monday as investor fears over the fallout from US President Donald Trump's sweeping new trade tariffs set in.Asia's stock markets opened the week deep in the red as investors fret over the impact of Trump's tariffs on company earnings and economies.The MSCI Asia...