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Currencies

Trump’s tariffs fuel Asian currency surge

Listen to article BENGALURU: Investors ramped up their bullish bets on most Asian currencies, a Reuters poll showed on Thursday, as worries about US trade policies under President Donald Trump continued to weaken the dollar. Analysts increased their long positions on the Singapore dollar, the Indian rupee, the Thai baht, and the Philippine peso, according to a fortnightly poll of 10 respondents. They also turned bullish on the South Korean won, the Taiwan dollar and the Malaysian ringgit for the first time since October. The dollar notched its weakest monthly performance in...
Currencies

Pakistan inches closer to entering crypto world

Listen to article ISLAMABAD: Pakistan on Saturday announced that it has initiated a deal with President Donald Trump-backed World Liberty Financial to accelerate the journey towards legally adopting digital currencies, in a move that might follow a slew of legal changes to inch towards the crypto world. The Ministry of Finance made the announcement following separate meetings between the World Liberty Financial (WLF) delegation and Chief of Army Staff General Asim Munir, Prime Minister Shehbaz Sharif and Deputy Prime Minister Ishaq Dar. The deputy prime minister is taking keen interest in promotion...
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