Tag: US Dollar
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Ringgit Declines as US Dollar Strength Persists Ahead of Payrolls Release
Rising Dollar Pressure Pushes Ringgit Lower The Malaysian ringgit opened the session softer against the US dollar, with traders citing a firmer US Dollar Index (DXY) as the primary driver. Market participants are bracing for tonight’s release of the US non-farm payrolls data, a key indicator that could influence expectations for the Federal Reserve’s near-term…
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Ringgit Opens Higher on Last Trading Day of 2025 as Fed Outlook Caps Upside
Ringgit Edges Higher on Year-End Trading Day The Malaysian ringgit extended its gain against the U.S. dollar on the final trading day of 2025, with early trade showing the local currency slightly stronger as global risk sentiment steadies and traders digest the latest Federal Reserve signals. At 8:00 a.m. local time, the ringgit traded near…
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China’s Yuan Climbs to a 13-Month High Against the Dollar
What’s driving the yuan’s rally to a 13-month high The Chinese yuan has surged to its highest level in about a year against the dollar, aided by robust demand from domestic and international buyers and growing optimism around an anticipated Federal Reserve rate cut. Traders have priced in policy easing signals, while steady capital inflows…
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US Dollar in China’s Sights: Yuan-Led Push for Global Trade
China’s Currency Strategy: From Domestic Reform to Global Reach In recent months, Beijing has intensified its effort to internationalize the renminbi, aiming to reduce the world’s dependence on the US dollar. The most visible move came when China pressured BHP to settle a portion of its iron ore sales in yuan, a dramatic demonstration that…
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US Dollar Under Pressure as China Pushes the Yuan in Trade
Introduction: The currency shift in global markets In recent months, Beijing has intensified efforts to internationalize the renminbi (yuan), signaling a strategic move to reduce reliance on the US dollar in major commodity trades. The episode with BHP, where China reportedly pressed the mining giant to settle a portion of its iron ore sales in…
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Peso slumps to fresh record low of P59.17 per $1 amid dollar strength and political jitters
Philippine peso hits a new record low as dollar strength dominates The Philippine peso weakened for a second consecutive trading day, puncturing a fresh record low at around P59.17 per $1. The slide underscored ongoing concerns about political noise and the broad strength of the US dollar against most major currencies. Traders described the move…
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Ringgit Steady Ahead of Domestic MPC and U.S. Rate Decisions
Ringgit Holds Steady Ahead of Key Rate Decisions The Malaysian ringgit opened the session nearly flat against the U.S. dollar as traders braced for important rate decisions from Bank Negara Malaysia (BNM) and the U.S. Federal Reserve. With the central bank’s Monetary Policy Committee (MPC) set to unveil its stance later in the week, market…
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Powell’s Doubts on December Rate Cut Boost the U.S. Dollar
Powell’s Doubts Push the Dollar Higher The U.S. dollar has renewed its strength as markets reassess the odds of a December rate cut following cautious remarks from Federal Reserve Chair Jerome Powell. After a period of choppiness driven by the so-called “debasement trade,” the dollar index, known as the DXY, nudged higher as traders priced…
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Dollar Exchange Rate Today: September 14, 2025
Current Dollar Exchange Rate Against Egyptian Pound As of September 14, 2025, the exchange rate of the US dollar against the Egyptian pound has stabilized, holding on to the elevated levels reached earlier in the week. This stability follows a notable fluctuation induced by varying economic indicators in the United States. Market Trends Influencing Dollar…
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India’s Economic Position and the US Dollar: Insights from CEA Nageswaran
India’s Strong Economic Foundations In recent discussions, Chief Economic Advisor (CEA) V Anantha Nageswaran made a significant statement regarding India’s stance on the US dollar. Speaking at an AIMA event, he categorically denied any claims suggesting that India is part of a movement to establish an alternative currency to the US dollar. This clarification comes…