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EMERGING MARKETS-Asian currencies fall as middle east tensions boost dollar safe-haven demand

* Philippine peso falls 1% to 2-month low * Indonesian rupiah down 0.3% ahead of rate decision * Federal Reserve decision due later in the day By Himanshi Akhand June 18 (Reuters) - Emerging Asian currencies lost ground on Wednesday as the dollar held firm on safe-haven demand as the conflict between Israel and Iran entered a sixth day, while investors awaited rate decisions by the Bank Indonesia and the Federal Reserve. Iran and Israel launched new missile strikes at each other, with U.S. President Donald Trump calling for Iran's...
Currencies

EMERGING MARKETS-Philippine peso falls 0.9% among largely subdued Asian currencies

June 18 (Reuters) - The following table shows rates for Asian currencies against the dollar at 0209 GMT. CURRENCIES VS U.S. DOLLAR Currency Latest bid Previous Pct day Move Japan yen 145.190 145.25 +0.04 Sing dlr 1.285 1.2857 +0.05 Taiwan dlr 29.530 29.535 +0.02 Korean won 1372.400 1374 +0.12 Baht 32.608 32.56 -0.15 Peso 56.776 56.256 -0.92 Rupiah 16315.000 16275 -0.25 Rupee 86.240 86.24 +0.00 Ringgit 4.245 4.243 -0.05 Yuan 7.187 7.1874 +0.01 Change so far in 2025 Currency Latest bid End 2024 Pct Move Japan yen 145.190 157.180 +8.26...
Currencies

Oil Price Surge Threatens Asian Currencies

The currencies of several major Asian oil importers are ripe for depreciation with the spike in international crude oil prices, analysts at Barclays said on Tuesday. The surge in oil prices in recent days “implies risks for most Asian FX in the near term, especially if oil prices move even higher in the event of a potential escalation in the conflict,” Barclays’ analysts wrote in a note to clients carried by Bloomberg. Thailand’s baht, the Taiwanese dollar, and the Korean won are the Asian currencies most at risk of depreciation, according to...
Currencies

Asian currencies edge up – Business & Finance

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...
Currencies

Asian currencies slip on risk off after Israel strikes Iran – Business & Finance

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....
Currencies

EMERGING MARKETS-Asian currencies inch up; Taiwan dollar adds 0.5%

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...
Currencies

India Bucks Tepid Trend Across Emerging Asia as US Data Awaits

(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...
Currencies

EMERGING MARKETS-Asian currencies set for weekly gains; investors weigh US-China talks

* 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...
Currencies

Asian FX tepid on trade uncertainty – Business & Finance

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...
Currencies

Asian currencies retreat after bonds rally – Business & Finance

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...
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