Currencies

Renminbi adoption gains traction in Asean amid deepening regional trade ties: Standard Chartered 

Momentum is growing through manufacturing activity, procurement flows and regional supply chains

The ringgit has strengthened to record highs against the US dollar and Singdollar in recent months.

Singdollar appreciated at average rate of 1.3% against ringgit over 2020 to 2025: Alvin Tan

Measures to support local businesses, given the impending RTS Link, will be announced later

The Singapore dollar has fallen 1.1% against the greenback in the last five days, weakening alongside other major currencies in the region.

Asian currencies dragged lower by oil spike, with Fed path and Middle East trajectory key risks ahead

But analysts say energy prices are unlikely to shape the region’s currency trajectory over a sustained period

The euro fell 0.6 per cent on the Swiss franc to 0.90391, its lowest since 2015.

Safe-haven yen and Swiss franc gain as weekend Iran strikes unnerve markets

Trading was thin late on Sunday European time, but deals in major currency pairs can set the tone

About 80 million to 90 million new notes have been issued for festive gifting annually over the last three years, says an MAS spokesperson.

Burning question: Why are most CNY new notes bound for the incinerator?

Excess notes are burnt, not long after they leave the red packet

Asia is winning favour with investors as the global tech race is shifting from AI pioneers to the enablers of large-scale adoption.

Booming Asian markets widen their lead over US and Europe

An index of the region currencies is up another 0.6% in 2026 after rising more than 3% last year

The Australian dollar climbed 0.7 per cent to reach US$0.7122, the first break above the 71-cent barrier since early 2023.

Australian dollar hits three-year peak on rate-hike bets

[SYDNEY] The Australian dollar climbed to a fresh three-year peak on Wednesday as the central bank signalled hawkish policy again, while the greenback came under pressure from softer US economic data.

The rebound in FX trading follows reports on Jan 23 that US authorities had conducted so-called “rate checks” in the US dollar-yen market.

Asian banks’ FX desks brace for volatility as yen intervention risks return

Pickup comes despite a high base a year earlier when investors positioned for the return of Trump to the White House

The strategy of borrowing Hong Kong dollars cheaply to invest in the higher-yielding greenback is gaining traction as financing costs in the city slump.

Hong Kong dollar slips as loose liquidity revs up carry trades

The one-month rate in the interbank market has dropped to the lowest since November