- November 22nd, 2024
The Japanese yen found some stability on Tuesday, trading on the stronger side of 155 per dollar, as the U.S. dollar retreated from its recent highs. The respite follows a remarkable rally by the greenback, which reached a one-year peak,...
Asian markets struggled on Thursday as mounting concerns over China's sluggish economic performance rippled through the region, dragging down stock indices from Japan to South Korea. This downturn, influenced by China’s economic pressures and policy adjustments, was compounded by a...
Asian Stocks Slide as Dollar Rises to Four-Month High, While Bitcoin Soars Amid Trump’s Election Win
Asian stocks experienced a slight decline, while the U.S. dollar remained near four-month highs on Tuesday. However, the real excitement centered around Bitcoin, which surged to an unprecedented record high, fueled by investor bets on favorable outcomes from Donald Trump's...
The U.S. dollar held close to a four-month peak against other major currencies on Tuesday as investors continued to support assets they believe will benefit from the anticipated policies of incoming President Donald Trump. Market trends reflected a renewed confidence...
Bank Indonesia (BI) has announced its readiness to curb any excessive volatility in the Indonesian rupiah as early indicators show an unexpected edge for former U.S. President Donald Trump in the presidential election race. This initial lead has fueled the...
As the yen heads for its largest monthly loss since 2016, markets watch closely for shifts from the Bank of Japan and key U.S. economic data ahead of the presidential election. The Japanese yen continued to face intense pressure on...
The Japanese yen lingered near a three-month low against the U.S. dollar on Tuesday as Japan’s ruling coalition fell short of a parliamentary majority in weekend elections, stirring concerns about the country’s political and economic trajectory. Meanwhile, the U.S. dollar,...
The Philippine peso could be on course to retest its record low of 59 against the U.S. dollar, driven by escalating geopolitical concerns and uncertainties surrounding the upcoming U.S. election, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. warned...
In early Monday trades in Asia, the U.S. dollar extended its recent gains, continuing a trend that has been largely driven by market skepticism about further aggressive rate cuts from the Federal Reserve and disappointment over China’s lackluster weekend stimulus...
Since November 17, the Chinese yuan (RMB) against the U.S. dollar (USD) has shown a strong rebound trend, with the onshore RMB-to-USD spot exchange rate rising above the 7.13 level by one point, closing at 7.1338, marking a nearly four-month...
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