U.S. dollar

January 31, 2025 10:10 AM

Trump repeats tariffs threat to dissuade BRICS nations from replacing US dollar

President Donald Trump on Thursday warned off BRICS member countries from replacing the U.S. dollar as a reserve currency by repeating a 100%-tariffs threat he had made weeks after winning the November presidential elections. "We are going to require a commitment from these seemingly hostile Countries that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty U.S. Dollar or, they will face 100% Tariffs," Trump said on Truth Social in a statement nearly...

November 7, 2024 4:47 PM

India better positioned than Asian peers on trade linkages with China: report

As global currencies weaken against the U.S. dollar following Donald Trump’s election victory, emerging markets (EMs) are bearing the brunt. However, India appears to be in a comparatively stronger position than many of its Asian peers, particularly due to its lower dependency on trade with China, according to a report by Emkay. The report highlights that India has the smallest exports-to-GDP ratio and the lowest share of exports directed towards China among EM Asian countries, which provides...

May 15, 2024 10:23 AM

GLOBAL MARKETS-Stocks rise, dollar drifts ahead of US inflation report

Asian stocks rose on Wednesday while the dollar drifted lower as traders weighed mixed U.S. producer price data and braced for the crucial consumer price report later in the day that is likely to influence the Federal Reserve's near-term policy path. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.38%, scaling a fresh 15-month high earlier in the session. Japan's Nikkei gained 0.58%. Data overnight showed U.S. producer prices increased more than expected in April, indicating ...

May 7, 2024 2:30 PM

Yen weakens despite intervention threat, Aussie eases after RBA

The yen continued to drift lower against the dollar on Tuesday as gaping interest rate differentials weighed on the currency, despite fresh warnings from Japanese officials following two rounds of suspected dollar-selling intervention last week. The Australian dollar eased back from near a two-month high versus its U.S. counterpart after the Reserve Bank of Australia kept rates steady as widely expected, and refrained from ramping up hawkish signals in its policy statement. The Aussie AUD=D3 s...