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The value of the dollar saw fluctuations on Thursday during a week marked by a tariff truce between the U.S. and China. Speculation arose regarding Washington's potential strategy to weaken the dollar, affecting the South Korean won which showed volatility amid discussions between U.S. and South Korean officials.Investors remain uneasy over U.S. dollar policy, potentially supporting Asian currencies in the short term. The South Korean won rose 0.8% against the dollar, bouncing back from previous losses. This movement mirrors Taiwan's currency surge after U.S.-Taiwan trade negotiations.The dollar displayed mixed...

BENGALURU: Southeast Asian equity markets gained on Tuesday, while regional currencies benefited from a faltering US dollar, in their first reaction to the US-China trade deal, although there was the overhang of caution that weighed on Asian markets broadly. The financial markets in Thailand, Malaysia, Indonesia, the Philippines and Singapore were closed for the Vesak Day holiday on Monday, when global markets rallied after the United States and China struck a deal over the weekend to temporarily slash reciprocal tariffs. Malaysian shares surged 2.1% to their highest since March 3...

Beach holidays in Asia could get more expensive as the dollar weakens against local currencies.Nathalie Jamois/SOPA Images/LightRocket/Getty Images Asian currencies are surging as the US dollar weakens, and it could impact summer travel costs. The dollar's decline is driven by the "Sell America" trend and trade negotiations. A weaker dollar may shift purchasing power to Asia, affecting investments and markets. Dreaming of a cocktail on the beach in Malaysia or exploring the buzzing night markets of Taiwan? You might want to hold that thought: Summer vacations in Asia may get...

The U.S. dollar faced struggles on Tuesday, marked by impatient investors awaiting progress on expected U.S. trade deals. Asian currencies took a breather after an unprecedented two-day rise, emphasizing the dollar's fragility. The yen saw the dollar drop 0.57% to 142.87, while the British pound gained 0.56% to $1.3371.Jane Foley, head of FX strategy at Rabobank, noted a decline in last week's optimism linked to potential trade deals. Market participants are growing concerned about company warnings regarding economic damage from tariffs. Recent investor optimism about potential U.S. deals slashing...

(Bloomberg) -- A recent surge in Asian currencies is shifting the outlook for the region’s equities, with money managers and strategists favoring stocks tied to local consumption and expecting a return of global funds. Most Read from Bloomberg Morgan Stanley strategists said they like markets including India and the Philippines, where stocks tend to be more geared toward domestic demand. They favor sectors such as real estate and financials. Aberdeen Investments prefers defensive plays like consumer and healthcare stocks, while Societe Generale SA sees India as a major beneficiary from...

Global stocks remained in a narrow band on Tuesday, with the dollar regaining some lost ground against Asian currencies. Investor concerns have resurfaced over U.S. tariffs' implications on economic growth, coupled with oil producers' commitments to boost supply, keeping crude prices near historic lows. The erratic trade policies of President Donald Trump have sparked major waves of dollar selling since April. This trend has lifted the euro, yen, and Swiss franc, with the Taiwan dollar reaching record levels, prompting speculation over potential regional foreign exchange revaluation to secure U.S....

BENGALURU: The Taiwan dollar was poised for its biggest single-day gain since the 1980s on Monday, as the convergence of strong economic data and cooling global trade tensions ushered investors into the island’s currency. Taiwan’s currency appreciated as high as 29.59 per US dollar, its highest level in nearly three years. It was last trading at 30.04. Typically a quiet player in emerging Asian currency markets, the Taiwan dollar’s historic rally underscores a broader re-rating of the region’s economic prospects, with its role in the global semiconductor and AI supply...

(Bloomberg) -- Asian currencies ripped higher against the US dollar Monday, extending a move that’s hurting exporters, weighing on equities and forcing central banks to intervene in the market to curb excessive gains. Most Read from Bloomberg Taiwan’s dollar surged the most since 1988, sending the nation’s benchmark stock index to its steepest slide in nearly a month. The offshore yuan climbed to its highest level in almost six months as exporters repatriated dollar earnings. The Hong Kong dollar held at the strong end of its allowed trading band for...

BENGALURU: Emerging Asian equity markets opened the week higher on Monday, led by Taiwan tracking Wall Street gains, while Indonesian shares rose on strength in banking stocks. Most stock markets in the region were upbeat as an easing of trade tensions between the United States and China helped stir an appetite for risk among investors. Shares in Malaysia, Thailand and India added 0.7%, 0.1% and 1.3% respectively. “After a period of correction, ASEAN equities are showing upward momentum, having broken out of a technical downtrend that began from the 2017...

BENGALURU: Emerging Asia shares rallied on Friday, led by indexes in Manila and Taipei, on a potential de-escalation in trade tensions between the world’s two largest economies, while currencies in the region struggled for direction. Equities in Taiwan jumped more than 2%, tracking a tech-led rally on Wall Street after strong earnings reports from Google-parent Alphabet and AI major ServiceNow . Taiwan hosts some of the world’s largest chip manufacturers, such as TSMC, which gained 2.8%, boosting the broader index. Stocks in Kuala Lumpur, Bangkok and South Korea rose 0.1%,...