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Global currencies experienced significant declines on Wednesday as the U.S. dollar soared, spurred by the detention of President Erdogan's main political opponent in Turkey. This geopolitical move unsettled investors and sent the Turkish lira to unprecedented lows, prompting a noticeable shift towards safer assets.The ensuing drop in Turkey's lira reverberated through financial markets, impacting major currencies and spurring capital flows into the dollar. The euro, yen, and other currencies saw declines, while investors kept a close eye on the Federal Reserve's impending decision regarding interest rates.Market analysts, including Michael...

On Monday, the dollar hovered near a five-month low against major currencies as President Donald Trump's erratic trade policies and soft economic data took their toll. The euro, benefiting from domestic drivers, is faring better, last recorded at $1.0876. Despite slight dips, it's close to hitting its highest point since October 11.Similarly, the Japanese yen witnessed softness at 148.94 per dollar but remains stronger having recently peaked in five months. These movements have driven the dollar index, which tracks the U.S. currency against six major counterparts, to linger just...

(Bloomberg) -- India’s dollar stockpile had its biggest weekly gain in over three years, bolstered by the Reserve Bank of India’s currency swap operations last month.Foreign exchange reserves grew by $15.3 billion to nearly $654 billion in the week to March 7, data released on Thursday showed. That is the highest weekly gain since Aug. 27, 2021, according to Bloomberg-compiled data.This comes after the central bank injected $10 billion through a foreign-exchange swap auction on Feb. 28, stepping up efforts to ease a cash crunch in the financial system. The...

(Bloomberg) -- India’s dollar stockpile had its biggest weekly gain in over three years, bolstered by the Reserve Bank of India’s currency swap operations last month.Foreign exchange reserves grew by $15.3 billion to nearly $654 billion in the week to March 7, data released on Thursday showed. That is the highest weekly gain since Aug. 27, 2021, according to Bloomberg-compiled data.This comes after the central bank injected $10 billion through a foreign-exchange swap auction on Feb. 28, stepping up efforts to ease a cash crunch in the financial system. The...

Highlights from Friday's game between Captain Shreve and CarencroHighlights from Friday's game between Captain Shreve and Carencro in the LHSAA Division I playoffsThe Department of Government Efficiency, led by Elon Musk, claims to have terminated 748 real estate leases throughout the U.S., totaling approximately 9,587,384 square feet and $660 million.Along with real estate terminations, DOGE has terminated 2,334 contracts and 3,489 grants. All leases, contracts and grants, as well as amounts DOGE has claimed to save, can be found on DOGE's "Wall of Receipts."DOGE claims to have saved a total...

Alden Bentley, Harry Robertson and Ankur Banerjee  |  ReutersTrump doubles tariffs on China; China retaliates with tariffs on US goodsUnited States President Donald Trump doubled the tariff on Chinese imports, bringing that rate to 20%. China retaliated by announcing 15% tariffs on various imports from the US.Fox - SeattleThe dollar fell to a three-month low on Tuesday as concerns about slowing growth and the impact from tariffs on the U.S. economy outweighed any potential boost from new levies on Canada, China and Mexico.President Donald Trump's 25% tariffs on goods from Canada and Mexico took effect Tuesday, along with a doubling of duties on Chinese goods to 20%.In response, China said it will...

The Mexican peso slumped after U.S. President Donald Trump imposed new import tariffs against the country, though other developing-nation currencies held their own amid concerns about the impact of the escalating trade war on growth in the world’s largest economy. The peso fell as much as 1% against the dollar, extending its decline to a fourth day and hitting the weakest level in a month after the 25% duties came into effect, together with levies on Canada and China. Investors are awaiting Mexico’s response, with President Claudia Sheinbaum expected to...

TEMPO.CO, Jakarta - Tempo English compiled the top 3 news on Tuesday, March 4, 2025. Here are the highlights: 10 Weakest Currencies in the World 2025, Is Rupiah Indonesia on the List?; Shell Becomes Sought After Following Pertamina's Adulterated Fuel Scandal; and Here Are 8 Pertamina Directors Caught in Corruption Cases.The following is the list of the top 3 news on Tempo English today:1. 10 Weakest Currencies in the World 2025, Is Rupiah Indonesia on the List?When it comes to currency, the focus often revolves around its strength—the higher the value, the more buying power it holds. However,...

(Bloomberg) -- From China’s artificial-intelligence successes to Dubai’s immigrant-led boom and rising prospects of debt restructuring in Venezuela and Lebanon, the winning emerging-market trades of 2025 all help investors withstand President Donald Trump’s trade agenda. Such selective trades are protecting investors from the unpredictability of Trump’s second term because they aren’t reliant on exports to the US, interest-rate cuts or a weak dollar. While benchmark indexes across stocks, bonds and currencies in developing markets have had the best start in years, the end of February brought a selloff, triggered by yet another...

TEMPO.CO, Jakarta - When it comes to currency, the focus often revolves around its strength—the higher the value, the more buying power it holds. However, there are notable exceptions, with some named as the weakest currency in the world.These currencies are known for their low exchange rates and significant depreciation, which can be indicative of various economic challenges.List of the Weakest Currencies in the WorldBank Bazaar and Forbes both named the Iranian Rial as the weakest currency in the world. Keep reading to discover nine other currencies that share this reputation...