The Currency analytics
By James Thorp
Dollar strength dominates trading. The greenback jumped 0.3% against major currencies on February 2, 2026, as Biden's Fed nomination sent shockwaves through global markets and…
The dollar index climbed hard after President Biden picked his new Federal Reserve board member, pretty much guaranteeing more monetary policy drama ahead.
Japan's yen got hammered. Down 1.2% against the dollar.
Takaichi's comments about "aggressive deflation-fighting measures" sent the yen tumbling as traders scrambled to figure out what Japan's monetary policy might look like going…
China's yuan held its ground near three-month highs, but that's probably temporary given how fast things change in currency markets these days.
South Korea's won dropped. Geopolitical tensions keep weighing on the currency.
The Bank of Korea is watching everything closely, ready to jump in if financial stability gets threatened.
Australia's dollar fell as iron ore prices tanked, hitting the commodity-dependent currency hard.
Market analysts think the dollar's surge comes down to Fed expectations. The new board nomination basically confirms that U.S.
Malaysia's ringgit stayed flat thanks to steady oil prices propping up the export-heavy economy.
Thailand's baht barely moved despite tourism starting to pick up again. The government is mulling more stimulus to boost growth, but economic challenges keep piling up and…
Singapore's dollar held steady. The Monetary Authority of Singapore keeps tweaking policy to deal with inflation concerns that won't go away.
Indonesia's rupiah traded in a tight range as the central bank tries to balance fiscal policy with attracting foreign investment.
The Philippine peso got some support from overseas worker remittances, but inflation worries are growing.
Vietnam's dong stayed calm as electronics exports kept the economy humming. The government is eyeing policy tweaks to keep growth going, but for now things look stable.