archiveAsian currencies

BENGALURU: Most Asian currencies inched slightly up on Monday as the dollar lost ground in volatile trading, while equities fell due to the intensifying conflict between Israel and Iran, with investors awaiting several central bank meetings this week. Bank Indonesia is set to announce its monetary policy decision on Wednesday, hours before the US Federal Reserve, and is broadly expected to keep its benchmark interest rate steady after a surprise rate cut last month. The Bangko Sentral ng Pilipinas (BSP) is expected to cut its key policy rate by 25...

BENGALURU: Asian stock markets and currencies fell on Friday as investors rushed to safe havens after Israel struck Iran’s nuclear and military sites, deepening market jitters already stoked by global trade tensions. Israel said it was declaring a state of emergency in anticipation of a missile and drone strike by Tehran, after what it called a “preemptive strike” over Iran’s nuclear programme. Crude prices surged over 9% on worries about disrupted oil supplies. Rising oil prices typically pressure emerging Asian currencies by widening current account deficits in net oil-importing countries....

June 12 (Reuters) - The following table shows rates for Asian currencies against the dollar at 0201 GMT. CURRENCIES VS U.S. DOLLAR Currency Latest bid Previou Pct s day Move Japan yen 144.000 144.54 +0.37 Sing dlr 1.283 1.2839 +0.08 Taiwan dlr 29.785 29.92 +0.45 Korean won 1369.600 1370.9 +0.09 Baht 32.475 32.56 +0.26 Rupiah 16240.000 16250 +0.06 Rupee 85.510 85.51 0.00 Ringgit 4.228 4.235 +0.17 Yuan 7.187 7.189 +0.03 Change so far in 2025 Currency Latest bid End Pct 2024 Move Japan yen 144.000 157.180 +9.15 Sing dlr 1.283...

(Bloomberg) -- Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here. Markets across much of emerging Asia traded in a narrow range ahead of US payrolls data, with the exception of Indian bonds that swung wildly after a bigger-than-expected interest-rate cut. Bloomberg’s Asia Dollar Spot Index dipped 0.1% on Friday, with the stock benchmarks in Taiwan, Hong Kong, and mainland China also slipping. Bucking the trend was India, where the Nifty 50 advanced and the 10-year bond yield slid...

* MSCI's gauge of Asian emerging market equities down 0.2% * Trump, Xi agree to further trade talks * U.S. jobs, non-farm payrolls data due Friday By Roshan Thomas June 6 (Reuters) - Asian currencies were steady on Friday but on track for weekly gains, while regional stock markets edged lower after U.S. President Donald Trump and Chinese leader Xi Jinping agreed to further trade talks in a telephone call. MSCI's index of emerging market currencies was flat after touching an all-time high on Thursday. For the week, the index...

BENGALURU: Asian currencies were subdued on Thursday with investors tracking developments in US trade negotiations, while South Korean stocks led gains among regional equities on optimism around President Lee Jae-myung’s pro-growth policies. In South Korea, shares rose 1.5% to their highest since July 2024, after gaining 2.7% on Wednesday. The won advanced 0.3% to hit an eight-month high. South Korea’s new President Lee held his first cabinet meeting on Thursday, focusing on an emergency package to tackle stagnating economic growth and provide household relief. MSCI’s gauge of Asian emerging market...

BENGALURU: Asian currencies reversed course to trade lower on Tuesday as a rally in global bonds whipsawed markets that remained concerned about US fiscal health and President Donald Trump’s erratic trade policies. The Malaysian ringgit fell 0.3% against a stronger dollar after reaching a three-week high earlier in the session. The Singaporean dollar, Indonesian rupiah, and the Indian rupee weakened between 0.2% and 0.4%. US Treasury yields slumped after 30-year bonds mimicked a steep price rally in longer-term Japanese debt and as investors mulled the latest developments in US tariff...

Asian currencies were broadly higher on Tuesday as persistent concerns about US fiscal health and President Donald Trump’s erratic trade policies led investors to continue shunning the dollar. Malaysia’s ringgit and Taiwan’s dollar gained up to 0.4% each to trade at their highest levels in three weeks. The Taiwanese currency is on course to log its best monthly performance on record, buoyed by a historic 6% spike over two days in early May. The surge was fuelled by speculation that the country had agreed to allow its currency to strengthen...

BENGALURU: The Thai baht surrendered early gains on Thursday after the commerce minister called for a weaker currency to bolster exports, while the Philippine peso lagged regional peers over mounting political uncertainty in the Southeast Asian country. Overall, Asian currencies gained on a weak dollar while equities fell. Thailand’s currency fell 0.3% to 32.825 per US dollar after rising 0.5% earlier in the day. Equities in Bangkok traded 0.3% lower. Pichai Naripthaphan, the country’s commerce minister, said he wanted a weaker baht to support exports and that a level of...

The US dollar continues its downward slide, and in turn, currencies in Asia have surged to near a seven-month high. There are at least two reasons for the dollar's descent.First, the likelihood of US President reaching trade deals with multiple countries he's imposed tariffs on has raised the risk appetite in the market for other currencies considered less safe than the greenback. At the same time, the slump in the US economy has increased the odds of interest rate cuts by the US Fed. Will these trends continue? If yes,...