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Currencies

PBOC Head Imagines New World Currency Order After Dollar Era

(Bloomberg) -- People’s Bank of China Governor Pan Gongsheng laid out in the clearest terms yet his vision for the future of a new global currency order after decades of dollar dominance, predicting a more competitive system will take root in the years to come. Most Read from Bloomberg “In the future, the global monetary system could continue to evolve toward a situation where a few sovereign currencies co-exist, compete and check and balance each other,” Pan said Wednesday in a keynote speech at the annual Lujiazui Forum in Shanghai....
Currencies

EMERGING MARKETS-Asian currencies fall as middle east tensions boost dollar safe-haven demand

* Philippine peso falls 1% to 2-month low * Indonesian rupiah down 0.3% ahead of rate decision * Federal Reserve decision due later in the day By Himanshi Akhand June 18 (Reuters) - Emerging Asian currencies lost ground on Wednesday as the dollar held firm on safe-haven demand as the conflict between Israel and Iran entered a sixth day, while investors awaited rate decisions by the Bank Indonesia and the Federal Reserve. Iran and Israel launched new missile strikes at each other, with U.S. President Donald Trump calling for Iran's...
Stock Market

We Just Witnessed the S&P 500 Make History for the 7th Time in 75 Years — and It Points to the Stock Market Soaring Over the Next 12 Months

The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite have all been violently whipsawed in recent months. Volatility-inducing variables, such as President Donald Trump's ever-changing tariff and trade policy, are unlikely to go away anytime soon. Outsize gains in May for the S&P 500 have historically correlated with big green arrows over the next year for investors. 10 stocks we like better than S&P 500 Index › For more than a century, Wall Street has been a wealth-creating machine for patient investors. Though other asset classes have enjoyed solid...
Currencies

EMERGING MARKETS-Asian currencies set for weekly gains; investors weigh US-China talks

* MSCI's gauge of Asian emerging market equities down 0.2% * Trump, Xi agree to further trade talks * U.S. jobs, non-farm payrolls data due Friday By Roshan Thomas June 6 (Reuters) - Asian currencies were steady on Friday but on track for weekly gains, while regional stock markets edged lower after U.S. President Donald Trump and Chinese leader Xi Jinping agreed to further trade talks in a telephone call. MSCI's index of emerging market currencies was flat after touching an all-time high on Thursday. For the week, the index...
Currencies

EMERGING MARKETS-Asian currencies retreat after bonds rally; US fiscal, trade concerns persist

* Malaysian ringgit falls 0.3% after reaching 3-week high * Thai baht weakens 0.4% * Thailand equities at 1-month low (Updates for afternoon trade) By Himanshi Akhand May 27 (Reuters) - Asian currencies reversed course to trade lower on Tuesday as a rally in global bonds whipsawed markets that remained concerned about U.S. fiscal health and President Donald Trump's erratic trade policies. The Malaysian ringgit fell 0.3% against a stronger dollaer after reaching a three-week high earlier in the session. The Singaporean dollar, Indonesian rupiah, and the Indian rupee weakened...
Stock Market

A Rare Signal for the S&P 500 — Its 15th in the Last 75 Years — Points to the Stock Market Skyrocketing Over the Next 5 Years

Though stocks are a bona fide long-term wealth creator, the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite don't move from Point A to Point B in a straight line. Numerous catalysts -- including President Donald Trump's ever-changing tariff and trade policy -- whipsawed Wall Street in April. An exceptionally rare period of outsize gains for the benchmark S&P 500 bodes extremely well for future stock returns, based on what history has to say. 10 stocks we like better than S&P 500 Index › For well over a century,...
Currencies

Analysis-‘Asian crisis in reverse’ as currencies soar on the dollar

By Rae Wee and Samuel Shen SINGAPORE/SHANGHAI (Reuters) -A wave of dollar selling in Asia is an ominous sign for the greenback as the world's export powerhouse starts to question a decades-long trend of investing its big trade surpluses in U.S. assets. Ripples from Friday and Monday's record rally in the Taiwan dollar are now spreading outward, driving surges for currencies in Singapore, South Korea, Malaysia, China and Hong Kong. The moves sound a warning for the dollar because they suggest money is moving in to Asia at scale and...
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