Asian FX rallies on Fed rate-cut bets – Business & Finance
BENGALURU: Asian currencies strengthened against the US dollar on Friday as traders positioned for a Federal Reserve rate cut this...
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Asian FX weakens as dollar recovers – Markets
BENGALURU: Asian currencies slipped on Wednesday, as the dollar made a tentative rebound with concerns over the US Federal Reserve’s...
Asian FX gain as dollar retreats – Markets
BENGALURU: Asian currencies gained on Monday as dollar weakness offered relief from recent losses, while equities climbed on hopes the...
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...