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ASIAN currencies, including the peso, are expected to remain under pressure in the near term as the dollar stays firm, supported by geopolitical tensions and a cautious stance from the US Federal Reserve, MUFG said. “For Asian currencies, we expect a cautious start to the week, amid a pickup in geopolitical risks that could keep USD strength in play in the near term,” the Japanese financial group said in a market note.MUFG said geopolitical risks had intensified, encouraging investors to stay defensive and favor the dollar. These include worsening protests...

Asian equities attracted strong foreign inflows in May as concerns over an immediate economic hit from higher US tariffs eased, prompting a return by investors who had previously exited large and concentrated positions in the region.The inflows marked a sharp reversal after four consecutive months of net foreign selling.According to data from LSEG, foreign investors bought approximately $10.65 billion worth of equities across India, Taiwan, South Korea, Thailand, Indonesia, Vietnam, and the Philippines, registering their largest monthly net purchase since February 2024.US President Donald Trump’s announcement of reciprocal tariffs in...

New Delhi , May 24 (ANI): Asian currencies are likely to appreciate against the US dollar in the long term, according to a recent report by Jefferies.AdvertisementThe report highlighted that the gross national savings in emerging Asian countries are significantly higher than those in developed G7 nations, giving Asian economies a strong foundation for currency strength.It said, "The most likely currency bloc to enjoy long-term appreciation against the US dollar remains Asian currencies in what amounts to a reversal of the dynamic triggered by the Asian Crisis nearly 30 years...