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By Rocky Swift TOKYO (Reuters) -Stocks in Asia climbed and the U.S. dollar was subdued on Wednesday, as data showed both ...
Asian stocks rose Tuesday after President Donald Trump pushed back a scheduled increase in tariffs on Chinese goods by ...
Asian shares edged higher on Monday, lifted by strong corporate earnings that kept technology sector valuations near record ...
SYDNEY (Reuters) - Asian dollar bond issuance is expected to rise around 20% in 2025 over last year, driven by Chinese debt deals and as U.S. interest rate cuts make it more affordable for ...
The U.S. dollar was under pressure on Thursday as traders piled into wagers that the Federal Reserve will resume cutting interest rates next month, powering Bitcoin to a record high, while a ...
Elsewhere in Asia, Malaysian ringgit soared more than 1%, while the Singapore dollar also gained. China’s onshore market was closed for holidays and will reopen on Tuesday.
As of last November, ASEAN+3 has over 80% of trade invoices in U.S. dollars. De-dollarization is also occurring as Asian investors increasingly hedge their U.S. dollar exposures, according to Nomura.
The U.S. only has one AAA rating left. The risk that Moody’s Investors Service might yank it away has Asian central banks sitting on nearly $3 trillion of U.S. Treasuries in near-panic mode.
While we’ve upgraded our Q2 Asia FX bias due to the dollar’s earlier-than-expected decline, Asian economies still face headwinds, with impacts potentially surfacing in the second half of the year.
Asia is progressively moving away from the U.S. dollar, as a mix of geopolitical uncertainties, monetary shifts and currency hedging prompt de-dollarization across the region. Stream Los Angeles ...