Currency markets
India bets on up to 7.2% growth next year, outpacing most major economies
Laborers work at a coastal road project construction site in Mumbai on January 12, 2022. Punit Paranjpe | Afp | Getty Images India has forecasted its economy to grow between 6.8% to 7.2% in the fiscal year 2027, outpacing most major economies. The world’s fourth-largest economy is targeting this growth on the back of a […]
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U.S. dollar rebounds after Bessent shuts down report of potential yen intervention
Treasury Secretary Scott Bessent on Wednesday shut down reports that the U.S. could step into the currency market with the Japanese yen on intervention watch and the American dollar hitting multiyear lows. “Absolutely not,” Bessent told CNBC’s Sara Eisen, responding to a question about if the U.S. is intervening in the currency market or strengthening […]
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The dollar could have further to fall as its decline creates a ‘double-edged sword’ for America
Skaman306 | Moment | Getty Images The dollar is in a bear market, market watchers said on Wednesday, as one warned the weaker greenback is a “double-edged sword” for the U.S. economy. Tuesday saw the dollar suffer its worst one-day slide since April — when Trump’s so-called “liberation day” announcements sparked what became known […]
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The ‘strongest currency on earth’ just hit an 11-year high — and it’s stirring up trouble in Switzerland
The alpine village of Alvaneu, Graubunden canton, Switzerland Roberto Moiola / Sysaworld | Moment | Getty Images Safe haven assets are off to a good start in 2026, with widespread uncertainty sending gold and silver to new records and the Swiss franc trading at decade highs. But in Switzerland, policymakers are watching with apprehension. The […]
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Some in BOJ see scope to raise rates sooner than markets expect, sources say: Reuters
The Bank of Japan (BOJ) headquarters in Tokyo, Japan, on Friday, Dec. 19, 2025. Photographer: Akio Kon/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images Some Bank of Japan policymakers see scope to raise interest rates sooner than markets expect, with April a distinct possibility, as a sliding yen risks adding to already broadening […]
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Asia-Pacific markets set to open higher, tracking Wall Street gains on U.S. jobs data
Shanghai’s city skyline as seen from observation deck at Shanghai Tower in China. Qilai Shen | Bloomberg | Getty Images Asia-Pacific markets were set to open higher Monday, tracking Wall Street’s gains after a U.S. job report showed fewer jobs were created in December than expected, while the unemployment rate fell, signaling resilience in the […]
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Asia-Pacific markets set for lower open as Trump rattles defense firms and oil prices slide
SHENZHEN, CHINA – AUGUST 26: An aerial view of the Shenzhen skyline on August 26, 2020 in Shenzhen, Guangdong Province of China. (Photo by He Shaoping/VCG via Getty Images) Vcg | Visual China Group | Getty Images Asia-Pacific markets were set to open lower Thursday after Wall Street closed in the red on growing geopolitical […]
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Asia-Pacific markets set to open higher after U.S. captures Venezuela’s Maduro, oil slips
The skyline of Tokyo city, Japan. Tomohiro Ohsumi | Bloomberg | Getty Images Asia-Pacific markets were set to open higher Monday, after the U.S. attacked Venezuela and captured its leader Nicolas Maduro on Saturday, while oil prices edged lower amid uncertainty over the oil-rich country and risk premiums. Following the attack, Maduro and his wife, […]
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Asia markets open higher amid holiday-thinned trade; silver hits fresh high
TOKYO, JAPAN – JULY 27: Pedestrians and shoppers walk through the Akihabara area on July 27, 2023 in Tokyo, Japan. Japan’s core consumer price index climbed by 3.3% in June, outpacing the US figure for the first time in eight years as the Bank of Japan holds its monetary policy meeting on July 27 and […]
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Asia’s worst-performing currency is set for a rocky start to 2026
The Indian rupee moved in a narrow band on Monday as steady interbank dollar bids blunted positive cues from improved risk appetite globally. Wong Yu Liang | Moment | Getty Images The lack of progress on the U.S.-India trade deal, compounded by persistent outflows in foreign funds, has weighed on the rupee this year, making […]
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