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...Major Asian currencies weakened against the dollar on Monday, with the South Korean won leading losses, down 0.27 per cent against the dollar to Won1,354.60, its weakest level since October....
...In reality, a resumption of the currency wars of the 2000s and 2010s is unlikely to do much to reduce the US deficit nor undermine the dollar’s global role in bank funding, payment systems and reserves....
...The South Korean won and Australian dollar weakened against the US dollar, while the yen is trading at ¥155.60 a dollar, its weakest level in decades....
...The dollar weakened and US Treasuries rallied as traders nudged forward their bets on interest rate cuts after survey data showed business activity had cooled unexpectedly in April....
...this most recent currency introduction, how many currencies has Zimbabwe had in the last decade?...
...Japan’s yen crossed ¥155 per dollar for the first time since 1990 on Wednesday as US stocks edged slightly higher in a choppy trading session....
...“Fast forward to today and central bankers in Asia can’t really at least currently [count on] a weaker US dollar and [Federal Reserve] rate cuts,” said Adarsh Sinha, head of the Asia rates and currencies...
...“Rising tensions between Iran and Israel can spill into even higher oil prices, all to the benefit of the dollar in the near term,” said Francesco Pesole, a currency analyst at ING....
...“It now seems like markets have thrown in the towel on substantial rate cuts in the US, whereas traders are pretty certain the ECB will start easing in June,” said Francesco Pesole, a currency strategist...
...Japanese stocks were the only Asian equities to advance on Friday morning, as a higher than expected US inflation reading strengthened the dollar against Asian currencies....
...The Australian dollar dropped 0.6 per cent against the US dollar to A$0.65, and yields on the country’s two-year Treasury bill rose 0.16 per cent to 4.075 per cent. Yields move inversely to prices....
...a strong dollar and expectations of a delay in US rate cuts....
...that could now be worth hundreds of millions of dollars....
...All major Asian currencies registered losses against the dollar as currency traders take into account fewer expected Federal Reserve interest rate cuts this year....
...The comments were an indication of their concern at the scale of the dollar’s gains against Asian currencies after US inflation data led markets to scale back expectations of Federal Reserve rate cuts this...
...Terraform Labs collapsed in May 2022 after its flagship crypto token TerraUSD — which was designed to track the price of the dollar — lost its peg, triggering a crisis in the wider digital assets market...
...The ZiG, which stands for Zimbabwe Gold, will have an initial value of 13.56 to the US dollar, Mushayavanhu said, after the former currency lost over three-quarters of its value this year alone to trade...
...Asian currencies dropped against the dollar on Tuesday following stronger than forecast retail sales data in the US, which further reduced the likelihood of imminent interest rate cuts by the Federal Reserve...
...Escalating tensions in the Middle East following Iran’s attacks on Israel and growing expectations that the Federal Reserve will delay rate cuts have boosted the US currency....
...The dollar’s latest move against the yen followed stronger-than-expected data for US inflation in March, which pushed out market expectations for the timing of US interest rate cuts and sent bond yields...
...The US Dollar Index climbed 0.5 per cent to reach 102.9, its highest level in a month, as risk appetite damped following cautious remarks from ECB officials on rate cuts in 2024....
...In currency markets, the strong retail sales figures boosted the US dollar index, which tracks the world’s dominant currency against six international peers....
...The recent gains mark a remarkable turnaround for a currency that dropped as low as N1,900 to the dollar on the black market in February....
...Asian currencies strengthened against the dollar after the finance ministers of Japan, South Korea and the US released a joint statement addressing concerns over a resurgent dollar....
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