Latest news with #currencies
Bloomberg
2 days ago
- Business
- Bloomberg
Emerging Markets Trade Flat as Fed and Tariff Uncertainties Weigh
Emerging-market stocks and currencies were little changed as many investors stayed on the sidelines amid uncertainties including the Federal Reserve's policy moves, an impending tariff deadline and the onset of the holiday season. MSCI Inc.'s EM equity benchmark fluctuated as optimism over semiconductor stocks was offset by a selloff in electric-vehicle makers. The gauge for currencies fell slightly, with the Indian rupee underperforming as the country's trade talks with the US have proved inconclusive so far.
Wall Street Journal
3 days ago
- Business
- Wall Street Journal
Asian Currencies Consolidate; Trade Deal Hopes May Support
0027 GMT — Asian currencies consolidate in the morning session, but may be supported by hopes for more trade deals. The Trump administration engaged in negotiations with China on Monday in Sweden, with additional discussions expected on Tuesday. The U.S. is expected to grant an extension to China regarding the Aug. 12 deadline of the trade truce between them, two members of CBA's Global Economic & Markets Research say in a research report. Confirmation of such an extension is likely to offer modest support to the Australian dollar versus the U.S. dollar, the members add. AUD/USD is little changed at 0.6518; USD/JPY is steady at 148.55. (
Wall Street Journal
24-07-2025
- Business
- Wall Street Journal
Asian Currencies Consolidate; Risk Appetite May Buoy
0030 GMT — Asian currencies consolidate against the dollar in the morning session, but may be buoyed by risk appetite following recent U.S. trade deals with other countries. The U.S.-Japan trade deal boosts risk sentiment, NAB's Tapas Strickland says in a commentary. There are also growing expectations of a similar deal between the U.S. and EU, the head of Market Economics adds. The EU is negotiating an outline trade agreement with the Trump administration for 15% tariffs on most of its exports to the U.S. USD/KRW edges 0.1% lower to 1,373.65, while USD/TWD is 0.2% higher at 29.30, FactSet data show. (
Yahoo
22-07-2025
- Business
- Yahoo
SocGen: EM Currencies Unlikely to Outperform
Despite recent headlines celebrating rallies in EM markets, it is unlikely that EM currencies will outperform the dollar over the longer term, as strategists have become too bullish on EM's prospects and are underestimating the power of the dollar says Phoenix Kalen, Head of Emerging Markets Research at SGCIB. Kalen spoke to Guy Johnson on 'Bloomberg: The Pulse'.
Bloomberg
21-07-2025
- Business
- Bloomberg
SocGen: EM Currencies Unlikely to Outperform
Despite recent headlines celebrating rallies in EM markets, it is unlikely that EM currencies will outperform the dollar over the longer term, as strategists have become too bullish on EM's prospects and are underestimating the power of the dollar says Phoenix Kalen, Head of Emerging Markets Research at SGCIB. Kalen spoke to Guy Johnson on 'Bloomberg: The Pulse'. (Source: Bloomberg)
