Currency markets
South Korea’s Kospi hits record high as Samsung and SK Hynix soar on OpenAI partnership
The Seoul skyline. Mongkol Chuewong | Moment | Getty Images South Korea’s Kospi index jumped more than 3% Thursday to hit an all-time high, lifted by gains in heavyweight Samsung Electronics and SK Hynix. Shares in Samsung Electronics and SK Hynix, which announced a partnership with OpenAI late Wednesday to supply memory chips, rose over […]
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Asia-Pacific markets set to open mixed ahead of China’s loan prime rate decision
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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Fed cut sets stage for Asia’s next easing wave amid trade strains
Several flags including that of the United States, Cambodia, the European Union, Japan and ASEAN are seen outside a building in Krong Siem Reap, Cambodia, on July 27, 2025. Anadolu | Anadolu | Getty Images Asian central banks may find more room to ease policy after the Federal Reserve cut interest rates by a quarter […]
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The British pound’s ‘bizarre behavior’ is dividing market watchers on what comes next
LONDON — Tariffs, economic uncertainty and political challenges have created a difficult-to-navigate U.K. market this year, sparking some turbulence for the country’s currency. The pound has gained around 7.2% against the U.S. dollar in the year to date, while losing 4.3% against the euro, with some significant bumps along the way. GBP= YTD line GBP/USD […]
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How tourists are weathering geopolitical uncertainty, currency moves and extreme heat
Geopolitics, currency moves and extreme weather are increasingly playing into tourists’ considerations for their next vacation and affecting classic holiday destinations. Staple European spots France, Spain and Croatia, for example, have been facing record-breaking heat in recent weeks, which triggered wildfires in some locations. Conflict in the Middle East has meanwhile meant that tourists in […]
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Singapore dollar exhibits safe-haven currency features. But it’s no yen or Swiss franc — yet
A staff member counts Singapore dollar currency notes at Raffles Place financial business district in Singapore on October 6, 2022. Roslan Rahman | Afp | Getty Images In times of uncertainty, investors turn to safe-haven assets — gold, Treasuries as well as currencies such as the Japanese yen, U.S. dollar and the Swiss franc. These […]
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Why defensive names and bitcoin could be solid plays over the next six months
ETF Edge Why defensive names and bitcoin could be solid plays over the next six months Published Wed, Jul 16 20257:30 AM EDT Siena Griffin@siena_griffin WATCH LIVE Source
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Yen weakness subdues luxury splurge at Cartier-owner Richemont
Shoppers walking past a Cartier store at the high-end shopping district of Ginza in Tokyo, Japan. Anadolu | Getty Images A currency-fueled spending splurge in the key Japanese luxury market has finally abated, weighing on sales at Cartier-owner Richemont. The Swiss luxury group’s Japan sales declined 15% year-on-year at constant exchange rates in the fiscal […]
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Hedge funds eye betting against the Swiss Franc over carry trade rebound
Hedge funds are starting to bet against the Swiss franc and are using the currency to finance purchases of the higher-yielding British pound in a trade driven by diverging central bank policies. The move is a classic “carry trade,” a strategy where investors borrow in a currency with low interest rates to buy a currency […]
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What’s next as the British pound hits its highest in more than three years?
The British pound is widely forecast to continue rising against the U.S. dollar. Matt Cardy | Getty Images The British pound is hovering at its highest level in more than three years — and analysts are divided on the potential for further upside. Britain’s currency was last seen trading around the $1.36 mark on Wednesday […]
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