archivecurrencies

USD remains offered across the board as investor flows shift sharply into Asia, following a record 6% two-day surge in the Taiwan dollar (TWD) and strong gains in the Korean won (KRW), Chinese yuan, and Thai baht (THB). Markets are reassessing US asset exposure amid weakening U.S. growth and erratic trade policies, with the greenback under sustained pressure.Asian selling continues, amplified by speculation that Taiwan and other regional economies may be allowing currency appreciation to ease trade tensions with Washington. The Singapore dollar (SGD) and Malaysian ringgit (MYR) have also...

More than a decade ago, walking along the busy main road of Goma in the Eastern Democratic Republic of the Congo, you could find a lot of things for sale: clothes, hats, groceries. And dollars. Huge stacks of dollars carried by young men, known as money changers. Some dollars were so soiled they were black and limp like cloth, they’d been in circulation for so long. Others were newer.“Everyone prefers U.S. dollars over Congolese francs,” one money changer told me. “It’s more stable. A lot of people here are import-exporters,...

The US Dollar Index edges to 99.60 as the Taiwan Dollar posts the biggest intraday jump in over 30 years.ISM Services PMI climbs to 51.6 in April, beating estimates and March’s 50.8 reading.Treasury Secretary Bessent says trade deals may be reached this week; deficit reduction targeted.Market activity remains thin with holidays in China and the United Kingdom.The US Dollar Index (DXY), which measures the value of the US Dollar against a basket of currencies, posted mild gains on Monday as the Taiwan Dollar surged over 5%. The move sparked a...

The Middle East is home to many fascinating countries that attract tourists in their millions. Last year, a whopping 95 million visitors descended on the region, seeking new horizons and experiences.Saudi Arabia was the most popular Middle Eastern destination in 2024, followed by Egypt and the United Arab Emirates. One tiny country in the region is continuing to see a growth in visitor numbers, as it looks to expand its tourism sector. Kuwait is situated in the northern edge of the Arabian Peninsula at the head of the Persian Gulf.The country...

EUR/USD retreats to the 1.1400 region after closing in positive territory on Monday.Markets await key macroeconomic data releases from the US.The technical outlook doesn't point to a buildup of bullish momentum.Following a quiet start to the week, EUR/USD gained traction and closed in positive territory above 1.1420 on Monday. The pair corrects lower in the European session on Tuesday and trades at around 1.1400. Euro PRICE This week The table below shows the percentage change of Euro (EUR) against listed major currencies this week. Euro was the strongest against the...

GBP/USD holds above 1.3300 to start the week.The technical outlook highlights sellers' hesitancy in the near term.Markets will continue to pay close attention to headlines surrounding the US-China relations.GBP/USD closed marginally lower on Friday but ended up posting small weekly gains. The pair holds its ground in the European session on Monday and trades above 1.3300. British Pound PRICE Today The table below shows the percentage change of British Pound (GBP) against listed major currencies today. British Pound was the strongest against the New Zealand Dollar. USD EUR GBP JPY...

Havens favoured as trade risks simmer This week's report dives into what looks set to influence the fair value of the major currencies – think the New Zealand Dollar (NZD), Australian Dollar (AUD), Japanese Yen (JPY), Swiss Franc (CHF), Euro (EUR), British Pound (GBP), Canadian Dollar (CAD), and US Dollar (USD) – over the coming seven days. We're setting this against the backdrop of the wider seven-week picture and, of course, how they've performed recently. We'll be looking at the usual suspects: what markets expect from central bank policy, the...

BOSTON, April 15, 2025 /PRNewswire/ -- oneZero, a global leader in multi-asset enterprise trading technology solutions, is proud to announce that it has been named Best FX Market Data and Analytics Provider for Asia Currencies in the FX Markets Asia Awards 2025. This prestigious recognition honors oneZero's continued investment in cutting-edge analytics and market data capabilities tailored to meet the demands of Asia-Pacific FX participants. oneZero's FX market data and analytics services are at the heart of its technology solution differentiation in Asia. Over the past 12 months, oneZero has...

Currency volatility across the region has jumped ever since the larger-than-expected new US tariffs were announced last week. (EPA Images pic) BEIJING: President Donald Trump’s US tariff whiplash and the Chinese yuan’s trajectory will likely keep Asian currency volatility elevated. Currency volatility across the region has jumped ever since the larger-than-expected new US tariffs were announced last week, while foreign currency options signal increased bearishness. Concerns over economic growth have also driven more aggressive bets that regional central banks will cut interest rates. Uncertainty could remain high, even as Trump...

A $100-dollar bill is seen on top of Euro bills in Bogota, on July 12, 2022. - The euro struck parity with the dollar for the first time in nearly 20 years on Tuesday as a cut in Russian gas supplies to Europe heightened fears of a recession in the eurozone. (Photo by DANIEL MUNOZ / AFP) (Photo by DANIEL MUNOZ/AFP via Getty Images) It depends on the day. As the two most-traded currencies on the planet, the U.S. Dollar and Euro always rank highly. But they're far from the...