What’s behind Trump’s Brics wrath and will India-US trade talks be affected?
US President Donald Trump’s threat to slap an additional 10 per cent tariff on Brics nations may be more of...
archiveSouth Korea
EMERGING MARKETS-Stocks advance, currencies tick higher as investors downplay latest US tariffs
* Jakarta stocks at three-week high * Singapore stocks rise to a new record * Asian currencies recover; ringgit snaps...
Which currencies may trump the US dollar? Traders look to the yuan, the Aussie and the won
Traders are seeking alternatives to the euro when shorting the US dollar as they look to capitalise on expectations for...
Which currencies may trump the US dollar? Traders look to the yuan, the Aussie and the won
Traders are seeking alternatives to the euro when shorting the US dollar as they look to capitalise on expectations for...
De-dollarisation favours Asian assets despite record US stock run, Societe Generale says
The rotation to emerging markets in Asia that spurred the US dollar’s worst performance in more than five decades will...
Trade war worries push Asian central banks to curb currency intervention
Some of emerging Asia’s biggest central banks look to be dialling back their interventions in the currency market.The central banks of India and Malaysia have reduced the size of some derivatives positions they use to weaken their currencies. Taiwan has allowed its currency to surge against the US dollar in recent weeks and dropped hints it would be comfortable with more if the moves were “orderly”. South Korea’s giant national pension fund has ended its five-month support of the won.A major reason for these moves is a simple change in...
Dollar drops as Korea talks fuel bets Trump wants weaker currency
Daedo Kim and Jaehyun Eom | BloombergThe dollar erased this week’s gains on fresh speculation President Donald Trump favors a weaker greenback and will prod other governments to let their currencies rise in return for trade deals with the US.The US currency extended an earlier decline on Wednesday after a Bloomberg News report that South Korea and US officials discussed exchange rate policies at a May 5 meeting in Milan and will continue to do so.The won rose nearly 2% and the Japanese yen also climbed, helping to push the...
Seeking emerging currency bargains, investors take fresh look at Asia
After years of coming second to popular Latin American carry trades, Asian currencies are finding their cheapness has become an asset as traders seek to capitalize on the dollar’s eroding premium status.Currencies like South Korea’s won, the Indonesian rupiah, and the Indian rupee rank among the most undervalued in emerging markets relative to their historic average, according to data compiled by Bloomberg. Beyond attractive valuations, fresh economic stimulus in China and signs of progress in U.S.-Asia trade negotiations are adding to the region’s allure.The potential for Asian currencies to strengthen...
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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