Southeast Asian currencies have been on the decline in recent times, as risk appetite wanes and investors become more cautious. The Thai baht, Singapore dollar, and other risk-heavy currencies have lost ground, while the Malaysian ringgit has shown some resilience. The Thai baht was down 0.3%, while the Singapore dollar
Introduction The Bank of Japan (BOJ) has been pursuing an ultra-loose monetary policy for several years now. This policy has kept interest rates low, which has helped to stimulate economic growth and prevent deflation. However, it has also put pressure on the Japanese yen, which has been falling against the
The Dollar Index, also known as DXY, is a measure of the performance of the US dollar against a basket of six other major currencies, including the euro, Japanese yen, British pound, Canadian dollar, Swedish krona, and Swiss franc. The index was introduced in 1973 and is weighted based on
The USD/INR pair has surged to a new weekly high of 82.11 in the opening session, signaling a strong dollar against the Indian rupee. The rise in the US dollar can be attributed to the recovery in the US Dollar Index (DXY), driven by the expectation of a rate hike
Introduction The value of the British pound has risen against the dollar, while other currencies have dipped. This comes after data showed that UK consumer price inflation stayed above 10% in March, easing by less than expected from February’s figure. The greenback, meanwhile, was underpinned by a tick-up in US
The euro has seen a significant rise in value in forex markets, currently trading at around $1.10, close to its highest value in over a year. This comes after a period of decline, where the currency traded below $1 in September 2022, marking a two-decade low. The upward trend in
Introduction: The Australian dollar rose by 0.2% recently after the Reserve Bank of Australia’s (RBA) minutes of the recent meeting indicated a potential interest rate hike. The RBA kept the interest rates on hold in April, but its latest minutes reveal that the bank may increase rates in the near
Introduction The Australian dollar rose by 0.2% recently after the Reserve Bank of Australia’s (RBA) minutes of the recent meeting indicated a potential interest rate hike. The RBA kept the interest rates on hold in April, but its latest minutes reveal that the bank may increase rates in the near
The Japanese yen saw a flat movement after falling sharply overnight due to Bank of Japan Governor Kazuo Ueda’s announcement that the bank’s ultra-loose policy will remain for now. The announcement has come as no surprise to the markets as the central bank continues to battle the economic impacts of
The currency market is a reflection of a country’s economic status, and Southeast Asia is no different. Recent events have led to some Southeast Asian currencies taking a hit, with the Malaysian ringgit and Philippine peso both down 0.4%. This article will delve into what may be causing this and
The offshore yuan has been holding steady against the dollar in recent days, with the latest reports indicating that the currency is currently trading at 6.8774 per dollar. This comes as a relief to many investors who have been concerned about the potential impact of ongoing trade tensions between the
The offshore yuan has been holding steady against the dollar in recent days, with the latest reports indicating that the currency is currently trading at 6.8774 per dollar. This comes as a relief to many investors who have been concerned about the potential impact of ongoing trade tensions between the