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SINGAPORE: Indonesia's rupiah weakened on Friday, as the prospect of more interest rate cuts this year reduced the allure of one of Asia's big emerging market carry trades.
This comes as US Fed pledges to keep interest rates near zero
NEW YORK: When it comes to US-China friction, Asia’s loss is becoming Latin America’s gain.
INDONESIA’S rupiah has been one of the biggest losers in Asian currencies from the coronavirus sell-off in risk assets – but there are signs the currency is set to strengthen later this year.
NEW YORK:Major U.S. and European stock indexes surged to fresh records on Tuesday after China's senior medical adviser suggested the deadly coronavirus may be over by April, an outlook that also helped crude prices gain on hopes of renewed Chinese demand.
NEW YORK: The dollar gained and a gauge of global equity markets surged for a third day on Wednesday, as investors cheered expectations of more central bank stimulus and reports that scientists were developing a vaccine for the deadly coronavirus.
MUMBAI: India’s rupee will likely beat most Asian peers this year, according to Rabobank, in contrast with other top forecasters who expect the currency to continue trailing.
SINGAPORE: August was already living up to its reputation as a higher-volatility month and now President Donald Trump’s latest tariff boost and China’s counter have created even more fall-out in global markets.