archiveUS Dollar

With some major economies leaping onto the stablecoin train – or being urged to do so, to further globalise their currencies – others are mulling whether getting on board would be akin to either riding the gravy train or feeling it fail to gather steam.Now, the international financial organisation known as the “bank for central banks” has waded into the stablecoin debate as the buzzword gathers momentum.In a “special chapter” released on Tuesday in advance of Sunday’s release of its Annual Economic Report 2025, the Bank for International Settlements (BIS)...

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...

Economist and best-selling author Nassim Taleb says a single asset has overtaken the US dollar’s position as the world’s de facto reserve currency. In a new interview with Bloomberg, the Black Swan author says that the US dollar has lost its status as a reliable safe-haven asset, noting that people prefer to invest in the stock market rather than hold a currency that declines in value over time. He also says that America’s sweeping sanctions against Russia for its invasion of Ukraine marked the beginning of the end of the...

BRICS nations to discuss greater use of national currencies for trade at the upcoming Rio summit, amid US dollar uncertainty. A BRICS common currency is deemed impractical.New Delhi, Jun 21 (PTI) Weeks before top BRICS leaders converge in Rio de Janeiro for summit talks, envoys of leading member nations of the grouping hinted that it could focus on greater use of national currencies for trade in the face of uncertainties over Trump administration's aggressive policy on tariff.Russian Ambassador Denis Alipov reaffirmed Moscow's strong support for trade in local currency among...

SINGAPORE, June 19 — The dollar firmed today, buoyed by safe-haven demand due to the looming threat of a broader conflict in the Middle East and possible US involvement, while investors weighed Federal Reserve Chair Jerome Powell’s cautionary tone on inflation.After a muted start in Asia hours, the dollar advanced across the board, weighing heavily on risk sensitive currencies after a report said US officials are preparing for the possibility of a strike on Iran in the coming days.The Australian dollar fell as much as 0.5 per cent but was...

Analysts at JPMorgan Chase are reportedly doubling down on emerging market currencies as the US dollar struggles its way through 2025. In an analysis published last week, the financial giant’s strategists gave emerging market currencies an overweight recommendation and predicted the market wouldn’t panic over the Israel/Iran conflict, Bloomberg reports. “The next few days will be critical to this, but we would think there is a higher bar for markets to panic.” The recommendation is the opposite of what the investment bank’s strategists predicted earlier this year. Following President Donald...

Rupee saw a modest gain in early trade on Tuesday, rising 11 paise to settle at 85.93 against the US dollar. This happened even as domestic markets opened weak, global crude prices surged, and the dollar strengthened—factors that usually drag the rupee down. At the interbank foreign exchange market, the local currency opened at 85.96 against the dollar and gained further to 85.93, marking an 11 paise rise from Monday’s close of 86.04. RBI Intervention seen as key support level Experts say the Reserve Bank of India (RBI) is likely...

Jun 13, 2025 6:07 PM ISTUS Stock Market LIVE Updates: Airline Stocks Slide After Israel-Iran Strikes Shut AirspaceAirline stocks declined around the world on Friday after Israel launched airstrikes across Iran, forcing several countries in the Middle East to close their airspace to commercial flights.   Airlines were the worst-performing sector in Europe, with Air France-KLM, Deutsche Lufthansa AG and British Airways parent IAG SA sliding over 3%. Discount carriers Ryanair Holdings Plc, EasyJet Plc and Wizz Air Holdings Plc posted similar declines. In Asia, Japan Airlines Co. dropped 3.7%,...

The rupee ended nearly unchanged against the US dollar on Thursday, rising just 1 paisa to settle at 85.52, as weakness in the greenback against major currencies offset pressure from a sharp decline in domestic equities and a rise in crude oil prices.At the interbank foreign exchange market, the rupee opened at 85.43 and moved within a narrow range of 85.43 to 85.65 before closing at 85.52, compared to its previous close of 85.53 on Wednesday, reported PTI.Traders said the local unit found some support from global cues after the...

Jun 12, 2025 10:23 PM ISTUS Stock Market LIVE Updates: Trump Says US Government Will Get ‘Golden Share’ in US SteelUS President Donald Trump said the US government will retain a “golden share” in United States Steel Corp. after its purchase by Japan’s Nippon Steel Corp.   “We have a golden stock, we have a golden share, which I control, or a president controls,” Trump said Thursday at a White House event. “That gives you total control.”   Shares of US Steel surged as high as $54.13 after Trump’s comments,...