Currencies

Asian currencies experienced a downturn on Friday following U.S. President Donald Trump's confirmation of impending tariffs.

February 28, 2025

649

China's yuan is at a 5-month low and has lost 1.9% against the dollar this year as foreign investors withdraw more money from its struggling markets.

April 17, 2024

948

The dollar strengthened on Wednesday ahead of the release of a key U.S. inflation report, which came out in the negative tonality.

April 10, 2024

935

With the continuous downtrend in the Chinese equities, pressure on the mainland yuan is mounting as well.

February 9, 2024

1407

Japanese yen's (USDJPY) recent gains against the greenback are accelerating, with the yen hitting its highest level since mid-September on speculation that the Federal Reserve will cut interest rates in 2024 regardless of the inflation data readings.

November 29, 2023

1334

The yen is under selling pressure again, with rising import costs posing a threat to consumers.

June 26, 2023

829

The dollar fell during European trade on Friday as traders worried that continued turmoil in the U.S. banking system, along with the rapidly approaching debt ceiling increase day, could lead to an earlier-than-expected rate cut by the Federal Reserve despite its recent hawkish rhetoric.

May 5, 2023

1475

As we all know by now, Swiss authorities announced Sunday that UBS is looking to bring in Swiss bank Credit Suisse as part of a massive merger aimed at avoiding further turmoil in the regional and global banking market.

March 21, 2023

1566

Wall Street equity futures dropped and stocks in Europe fell as investors assessed hawkish comments from Federal Reserve officials and awaited remarks from Chairman Jerome Powell for clues on further path of interest rates amid a slew of corporate layoffs ranging from hi tech heavyweights like Amazon.com (AMZN) to banking giant Goldman Sachs Group (GS).

January 10, 2023

1580