Live Breaking News & Updates on Currencies

Stay informed with the latest breaking news from Currencies on our comprehensive webpage. Get up-to-the-minute updates on local events, politics, business, entertainment, and more. Our dedicated team of journalists delivers timely and reliable news, ensuring you're always in the know. Discover firsthand accounts, expert analysis, and exclusive interviews, all in one convenient destination. Don't miss a beat — visit our webpage for real-time breaking news in Currencies and stay connected to the pulse of your community

Asia FX: Duelling currency wrecking balls

Although there's been an uptick in risk sentiment following softer producer pipeline inflation data, US yields continue to climb, maintaining the US dollar's dominance across G-10 currencies.

Japan , China , Japanese , Chinese , Currencies , Sia , Acroeconomics ,

Most Asian currencies slip on Fed uncertainty; stocks mixed

THE Malaysian ringgit led declines among weak Asian currencies on Friday due to a buoyant dollar while regional share markets were mixed, as investors refrained from taking fresh bets on when the Federal Reserve will start to cut rates.

Beijing , China , India , Vietnam , Republic-of , Thailand , United-states , Kuala-lumpur , Malaysia , South-korea , Manila , Philippines

Euro plunges, eyes parity with dollar after Lagarde's go-it-alone pledge – POLITICO

The currency weakened as the ECB signals it plans start cutting rates before the Fed.

Germany , United-states , Greece , China , Ukraine , Italy , Russia , Greek , German , Italian , Americans , Yannis-stournaras

Your Mexico trip is more costly: US dollar continues losing purchasing power vs peso

The Mexican peso continues to break records, appreciating its strongest level against the dollar in almost nine years at 16.44.

Tijuana , Baja-california , Mexico , San-diego , California , United-states , Mexican , Jorge-fonseca , Telemundo , Currencies ,

Most Asian currencies subdued ahead of US CPI

MOST Asian currencies were muted on Tuesday as traders exercised caution ahead of this week's U.S. inflation data and a flurry of regional central bank meetings.

Taiwan , India , Thailand , Israel , Singapore , Phoenix , Arizona , United-states , China , Malaysia , South-korea , Indonesia

Freely circulating into major currencies | The Manila Times

ZHENGZHOU, China: Previously, I discussed the extent to which a currency could freely circulate as being crucial in determining whether it can become a major currency regionally or even globally. Some currencies, such as the British pound and Swiss franc, although not issued by the world's major economies, have achieved significant levels of free circulation and thus might also be considered to have joined the ranks of major currencies. Others, like the euro and Japanese yen, backed by sizable economies and free circulation, are as such as well.A year and a half ago, the United Kingdom suddenly announced tax cuts, which originally, at least in the eyes of the British government, seemed reasonable. The British economy had been toying with a slump, and the Conservative British government wanted to pull the same rabbit out of its economic hat. After all, some of us may remember that in the 1980s, then British Prime Minister Margaret Thatcher also implemented significant tax reductions, which might be said to have successfully revived the previously stagnant UK economy. Thatcher also mercilessly slashed what she considered excessive social welfare benefits in Britain. In retrospect, one cannot help but admire Thatcher's resoluteness in bulldozing through the then-British socioeconomic quagmire in what she thought would revamp the seemingly unbearable mess and, in the process, restore some of Britain's global standing.Similarly, another newly appointed prime minister, Liz Truss, intended to follow suit in late 2022. However, times have changed, and in recent years, the UK might be said to have once again fallen sway under welfare-state socioeconomic ideologies. Domestically and internationally, it was widely acknowledged that while the UK government may experience a short-term decrease in revenue due to tax cuts, the necessary expenditures on various social welfare programs were unlikely to decrease in proportion, thus potentially leading to a rise in the fiscal deficit, which was seen to be detrimental to the economy. Therefore, when the tax-cut announcement was made, instead of British businesses celebrating and rallying, the UK's financial markets immediately plummeted, ironically painting a grim picture of the country's struggling economy.At the same time, reflecting the negative sentiment in the markets, the exchange rate of the British pound also plummeted in the aftermath of the tax-cut announcement. As befitting its role as the British central bank, the Bank of England attempted to succor the pound, such as by purchasing the currency in the open market, but that seemed to have little effect. However, it is worth noting that even at the height of the significant drop in the pound's value, the UK did not resort to some aggressive interventions, such as prohibiting the outflow of its currency overseas. It was not until a number of days later, after the UK chancellor of the exchequer and prime minister resigned successively, and the new prime minister (the current one, Rishi Sunak) along with the new chancellor of the exchequer definitively withdrew the tax cut policy, that the UK financial markets and the value of the pound stabilized, albeit at a lower threshold. What we should distill from this valuable perspective and the painful lesson is perhaps that although the pound, as one of the world's major currencies, may still experience fluctuations, it is crucial that the UK authorities were willing to reassess those policies that may have brought about the unintended consequences. They were viewed as unlikely to resort to aggressive or crude currency intervention measures. Therefore, the overall worldwide attitude toward the pound is unlikely to change significantly, and the pound remains a major currency of the world.As for Japan, in recent years, perhaps in an effort to stimulate the Japanese economy, the Bank of Japan, as the island nation's central bank, has implemented a monetary policy of zero or even negative interest rates. For Japanese consumers, depositing money in banks not only yields no interest but may also require paying interest to the bank, so it would be better to hold on to the money and perhaps be tempted to spend the money instead. For Japanese businesses, commercial loans would thus come with almost no interest, making them, at least in principle, more willing to borrow money from financial institutions to expand their business operations. Surprisingly, such low interest rates have not led to significant inflation in Japan as they would have in other major markets or economies, such as the United States or the European Union. This may be somewhat related to Japan's relatively restrained market discipline on both the supply and demand sides. However, with more Japanese yen wallowing in the market, its exchange rate has decreased compared to other major currencies.Yet the Bank of Japan has not been seen to have intervened extensively to 'rescue' the yen from depreciation, nor has the central bank restricted the domestic or international circulation of the yen. This is perhaps because, on the one hand, a lower yen benefits Japan's exports, and on the other hand, it makes Japan a favored destination for international tourists and investors alike. This could explain why, despite the theoretical decrease in outbound tourism due to the low value of many Southeast Asian currencies, Japan still attracts many visitors and prospectors from Southeast Asia. When I was in Japan last year, I was constantly crowded by seas of tourists, many of them Southeast Asians, even in some of the most remote corners. I also learned that many previously abandoned houses all over Japan were being snapped up by foreign buyers, some of whom are Southeast Asians.Indeed, Japan has suddenly become much more 'affordable' for foreigners — tourists, investors, buyers alike — and in the process, hopefully, some new energy could be injected into the stagflating Japanese economy. It is worth noting that despite its declining value, the yen has not ceased to be one of the major international currencies. It is still widely sought after by many around the world. And free circulation in and out of the currency-issuing country has a lot to do with such confidence and demand.

China , United-states , United-kingdom , Manila , Philippines , Switzerland , Japan , Zhengzhou , Henan , Japanese , Britain , British

FX weekly: Imports and exports, XAU/USD and 14 currency levels and targets

DXY's 4 and 5 year average sits at 99.28 and 99.00. DXY opens the week at 104.29 and vital levels above exist at 104.40, 104.60, 105.25 and 106.72.

International-price-program , Fed-funds , Import-correlations , Funds-vs-import , Export-price , International-price , Currencies , Ommodities , Echnical-analysis ,

Dollar eases off highs, Aussie rallies, Yen weakens

The Dollar Index (DXY), a popular gauge of the Greenback’s value against a basket of six major currencies, eased off recent highs at 104.80, closing lower, at 104.45 in New York.

Australia , United-states , Japan , Germany , Stanford , Leicestershire , United-kingdom , Canada , New-york , Singapore , China , Italy

Ex-finance official who warned of Japan's 2022 yen intervention sounds alarm

'Officials wouldn’t have issued such strong warnings unless they were prepared.” said Tatsuo Yamasaki, a former vice minister overseeing the yen.

Japan , Shunichi-suzuki , International-affairs-tatsuo-yamasaki , Vice-finance-minister , Minister-shunichi-suzuki , Currencies , Inance-ministry , En , Orex ,

Emerging-Market Assets Edge Lower Amid Thin Liquidity, US Data

Emerging-market stocks and currencies closed lower on Monday after fresh US factory data caused traders to reassess bets on interest rate cuts in the world’s largest economy, weighing on risk appetite.

Mexico , Hong-kong , Yigit , Bursa , Turkey , Brazil , Australia , Hungary , China , Istanbul , Ankara , Turkish