The US dollar rose to a two-year high against a basket of currencies on Tuesday, as investors sought safety amid growing concerns about the global economy. The dollar index, which measures the greenback against a basket of six major currencies, rose to 104.02, its highest level since April 2020. The.

Introduction: The Malaysian ringgit (MYR) is the official currency of Malaysia. It has been in circulation since 1967 and has played a significant role in the country’s economic growth. However, in recent years, the currency has experienced fluctuations, and in 2023, it shed 0.3% of its value against the US.

The U.S. debt ceiling crisis has caused volatility in the financial market, as the dollar seesaws amid uncertainty about the country’s ability to pay its debts. The situation has been exacerbated by the lack of progress in talks between U.S. President Joe Biden and House of Representatives Speaker Kevin McCarthy.

Introduction The Indonesian rupiah has been facing a steady decline in value against the US dollar. In recent news, it was reported that the rupiah lost 0.4% of its value against the dollar. This article aims to discuss the reasons behind the devaluation and its implications for the Indonesian economy..

The South Korean won has experienced a 0.2% decline in recent weeks due to interest rate changes. This shift has raised concerns about the impact on the country’s economy and its citizens. In this article, we will delve deeper into the causes and effects of this decline. Interest Rates and.

China’s yuan is once again making headlines as it rose 0.1% against the dollar but closed in on the 7 level. The yuan’s steep losses this week are a result of continued concerns over the country’s uneven economic recovery. Uneven Economic Recovery The ongoing COVID-19 pandemic has hit economies around.

The US dollar index rose 0.2% to 101.75 in late morning trading, led by gains against the euro, which fell 0.3% to $1.0925. The underlying trend, however, remained tilted to the downside as Wednesday’s US private sector jobs numbers affirmed that the Federal Reserve may not need to raise rates.

Credit Suisse’s stock tumbled on Wednesday after the bank disclosed “weaknesses” in its financial reporting, renewing investor concerns that a full-blown global banking crisis may be brewing. The disclosure revealed that Credit Suisse had overstated the value of assets in certain funds and that it may incur a significant loss.

Introduction: On March 11, 2023, the US equities market experienced a significant drop, with the S&P 500 erasing its gains for the year. Investors were initially optimistic after a higher US unemployment rate was reported earlier in the day. However, concerns over the banking sector led to heavy selling, particularly.

The State Administration of Foreign Exchange (SAFE) in China has reiterated that there is no change in China’s policy on cross-border remittance of funds, and that it will continue to promote a high-level opening-up to the world. The announcement comes in response to concerns raised by billionaire investor Mark Mobius,.

The dollar surged to a six-week high against a basket of currencies, while most Asian currencies fell on Friday as hawkish comments from Federal Reserve officials and stronger-than-expected inflation readings raised expectations of more interest rate hikes this year. Fed officials James Bullard and Loretta Mester struck a hawkish tone.