Bullish bets steady on Asian currencies as Fed easing bets soften dollar
WEB1 day ago · Analysts remained bullish on most Asian currencies despite marginally dialling back some bets, a Reuters poll showed on Thursday, as a defensive U.S. dollar driven by a dovish Federal Reserve ...
The Key Levels to Watch as Asia’s Top Currencies Battle Dollar
WEBAug 20, 2024 · Bloomberg’s Asia dollar index is close to a one-year high, while a gauge of the greenback has fallen to the lowest since March. That’s because Fed rate cuts would narrow the interest-rate gap between the US and …
Live news: Asian currencies strengthen against dollar after …
WEBSep 4, 2024 · Asian currencies strengthened against the dollar on Thursday after US labour market data showed slowing jobs growth. China’s renminbi rose 0.2 per cent against the dollar to Rmb7.10 after the...
Singapore dollar could weaken in coming months, analysts say
WEBAug 30, 2024 · SINGAPORE: The relative strength of the Singapore dollar may wane in the coming months if the US economy experiences a soft landing, analysts said. The weakness of the US dollar was the key...
Asia’s central bankers struggle to contain strong US dollar
WEBApr 20, 2024 · Asia’s central bankers are bracing for more turbulence from a stronger US dollar as the receding prospect of US interest rate cuts this year sends shockwaves through the yen, renminbi and other...
Asian emerging market currencies come under pressure from strong dollar
WEBApr 16, 2024 · The South Korean won hit a 17-month low on Tuesday, breaching a major psychological threshold of 1,400 per dollar. It suffered the biggest drop among major currencies in the world this month,...
Dollar cedes ground, Asia stocks mixed as Fed looms large
WEB3 days ago · TOKYO : The dollar ceded some of its overnight gains on Wednesday while Asian stocks put in a mixed display as traders weighed the odds of a super-sized Federal Reserve interest rate cut later in...
Asia pushes back on 'excessive' currency moves amid enduring dollar …
WEBJun 29, 2023 · Top currency officials in Asia are pushing back on bets that sent their currencies to multi-month lows this week, deepening their underperformance for the year. Japan finance officials have...
Dollar Rally Raises Alarm as Japan, China Step Up Defenses
WEBSep 6, 2023 · Authorities in China and Japan are stepping up efforts to defend their currencies against a surging dollar that threatens to fan inflationary pressures.
Businesses Brace for Currency Chaos in Asia - The New York Times
WEBOct 4, 2022 · The strong dollar has affected even businesses that rarely use it. Classic Japan, a flower importer in Tokyo, had long paid its South East Asian vendors in yen.