Currencies

Australian dollar holds ground as US dollar firms, eyeing small weekly gains

THE Australian dollar held its ground on Friday, lifted by a rebound in global stocks and unfazed by a firmer US dollar on the back of growing expectations that interest rates there will be on hold fo...

Across the region, a number of markets are seeing their currencies weakening despite a relentless, record-breaking rally in domestic stocks.

A long-held tenet of Asia’s markets is suddenly breaking apart

In many ways, the AI infrastructure trade is the biggest swing factor when it comes to the outlook for Asian stocks

The Australian dollar held at US$0.6687, having retreated from a top of US$0.6727 overnight.

Australian, New Zealand dollars seesaw on greenback, extend gains on yen

[SYDNEY] The Australian and New Zealand dollars steadied on Wednesday after their US peer enjoyed a broad bounce overnight, while both currencies extended gains on the yen as expectations built for mo...

The rial has been under pressure for years due to Western sanctions and systemic corruption that’s undermined confidence in the economy.

How Iran sanctions and a currency crash triggered mass protests

The country’s oil exports are still the mainstay of its economy

The dollar index, which measures the greenback against a basket of currencies, rose 0.24 per cent to 98.48.
CURRENCIES

Greenback starts 2026 on positive note after biggest annual drop in eight years

THE US dollar began 2026 stronger on Friday (Jan 2), snapping last year’s slump against most currencies as investors look ahead to a critical week of economic data that could steer Federal Reserve pol...

Analysts note that Bank Indonesia’s immediate priority remains defending the Indonesian currency, even as it signals that it is open to gradual rate cuts under the right conditions.
OUTLOOK 2026

Rupiah risks to shape Bank Indonesia’s cautious easing path in 2026

The challenge of balancing economic growth with currency stability has become increasingly pronounced for the central bank

On the other end of the spectrum, the baht is ceding ground on fears the central bank may push back against the rally, which threatens the nation’s exports.

Two currency bets in Asia flash warning signs as year-end nears

Moves in precious metals have also contributed to swings in the region’s currencies

The yen has remained on the back foot despite a Bank of Japan interest rate hike last week.

Yen weaker in thin trading as traders stay alert to intervention risk

[TOKYO] The Japanese yen softened against the greenback on Friday (Dec 26) as investors remained on watch for potential intervention to shore up the currency, while the US dollar gained slightly again...

The greenback’s decline has coincided with a dip in Treasury yields.

US dollar caps worst week since June with focus on data ahead

Traders see about a 90 per cent probability that the Fed will stay put next month

The baht has gained 10.3 per cent against the dollar so far this year to become Asia’s second-best performing currency.

Thai central bank undertakes ‘heavy’ baht intervention to ease volatility, chief says  

Governor says doesn’t want baht to be too strong and hit exporters, economy